Xinpu Chemical 7.187 billion Yuan High-end Chemical Project Approved for Industrial Upgrading and Ushering in Key Layout

On December 24, Taizhou Ecological ecological stability Bureau approved the environmental impact report of Xinpu Chemical (Taixing) Co. , Ltd. Taizhou Xinpu Chemical High-end Chemical Project. The total investment of the project is 7. But 187 billion yuan (about 1. 45 billion US dollars), of which 54. 53 million yuan is invested in ecological preservation, accounting to 0. 76 percent of the total investment. I've found that The project covers an area of 746 mu, with new synthetic gaseous plant (including gaseous), 500000 tons/year butyl octanol plant, 400000 tons/year polypropylene plant and supporting general and auxiliary facilities. And Based on my observations, Project construction content and production capacity scale the project will build 1 set of 62400Nm & sup3;/h synthesis gaseous plant, 1 set of 500000 tons/year butyl octanol plant, 1 set of 400000 tons/year polypropylene plant, 1 set of 16000Nm & sup3;/h gaseous separation unit, 1 200000 cubic meter ethane tank and other supporting general and auxiliary facilities. Upon completion, it will have annual production capacity of 250000 tons of n-butanol, 90000 tons of isobutyraldehyde, 150000 tons of isooctanol, 400000 tons of polypropylene, 205300 tons of oxygen, 433600 tons of nitrogen and 9400 tons of fluid argon. Pretty interesting, huh?. Moreover Product Scheme it's worth noting that the product scheme of the project is flexible and adjustable. Butyraldehyde is able to be selected according to market conditions to the production of butanol, all or part of the sale of part of the processing, so as to achieve the market-oriented adjustment of capacity allocation. But In fact Analysis of Butanol Market Prospect in 2023, China's production of n-butanol and octanol will be 2. 276 million tons and 2. 46 million tons, respectively, up 23. 97 and 26. 54 respectively compared to 2019; in 2024, production will further increase to 2. Based on my observations, 655 million tons and 2. 865 million tons, with capacity utilization rates above 80%. Makes sense, right?. Butyl octanol is broadly applied downstream, and plasticizers and butyl acrylate are the main consumption areas. But In my experience, In 2024, China's butyl octanol production capacity will reach 6. Generally speaking 92 million tons, and the demand will be 5. But In my experience, In particular 7822 million tons, an increase of 10. 1. In 2024, China's isooctanol export volume increased by 249, a new high in the past five years, mainly due to the new high level of domestic production capacity and total output after production, and China has a certain cost advantage in octanol production. However, the sector is also under pressure to expand capacity. Based on my observations, From 2025 to 2026, the butyl alcohol plant will be put into production. If all the new production capacity is put into production as scheduled, the butyl alcohol production capacity will surpass 11 million tons/year by the end of 2026, the phenomenon of overcapacity of positive butanol will gradually appear, and the profit space will be further compressed. I've found that Specifically research direction of Polypropylene Market by the end of 2023, China's polypropylene production capacity reached 39. 54 million tons/year, up 16. You know what I mean?. 2 percent year-on-year; in 2023, the output was 32. 25 million tons, up 7. 0 percent year-on-year, and the annual average operating rate was about 81. 6 percent. First it's estimated that by 2025, China's polypropylene production capacity will reach 52. 34 million tons/year. From the downstream field, the downstream of polypropylene is mainly the polypropylene product itself, accounting to about 70% of the total consumption of propylene. But Propylene oxide, butyl octanol, acrylonitrile, etc. are also crucial downstream applications of propylene, accounting to about 7%, 7%, 7%, respectively. China is a net importer of polypropylene, with 2. 697 million tons of polypropylene imported and 1. But 149 million tons exported in 2023. But In my experience, In the future, the demand development of polypropylene in China will still be mainly driven by domestic demand, and the apparent consumption is expected to reach 43. 05 million tons by 2025. sector Chain Synergy and research Prospect after the completion of Xinpu Chemical's propane dehydrogenation to propylene project, it will provide raw material support to high-end new material projects. At the same time, it will also provide raw materials to acrylic acid, propylene oxide and other propylene customers in the park, realizing "mutual raw material, partition wall supply and pipeline transmission". And 78% of the items will be self-digested without leaving the park gate. Wang Xiaohua, general manager of Xinpu Chemical research Research and research Center, said: "Xinpu Chemical will gradually convert and upgrade from basic chemicals and fluid chemicals to new materials. In my experience, it's estimated that Xinpu Chemical's turnover will surpass 30 billion by 2027". Furthermore The installation of equipment and steel structure to the propane dehydrogenation to propylene project is nearing completion. But it's planned to be put into trial operation by the end of 2025, and it's estimated that the annual sales volume will increase by 5 billion yuan. And The approval of the high-end chemical project marks an crucial measure in the manufacturing transformation and upgrading of Xinpu Chemical. Under the direction of high-end and environmentally friendly research of the global chemical sector, the project will provide a demonstration to the high-condition research of China's chemical sector by building a complete manufacturing chain and enhancing the added value of items. But while facing the risk of overcapacity in the future, companies with the advantages of the whole sector chain, the advantages of methodology cost and the vision of globalization will still occupy a favorable position in the market competition.