Ethylene industry development model will highlight "four modernizations"

Maoming Petrochemical's core project of producing 1 million tons of ethylene to expand and expand the project - the annual output of 640,000 tons of ethylene cracker has recently been completed and entered the production preparation stage. The completion of the first million-ton ethylene production base in China indicates that the adjustment of the ethylene industrial industry's layout during the “Eleventh Five-Year Plan” has progressed smoothly. As the ethylene industry has become increasingly large-scale and intensified, according to the “Special Plan for Medium and Long-Term Development of the Ethylene Industry”, China’s ethylene industry will adopt the development model of basement, large-scale, integrated, and park-based development. Increased to 580,000 tons.

"Planning" proposed that by 2010, through the transformation or expansion of existing enterprises, increase ethylene production capacity of 4.38 million tons. At the same time, seven new ethylene projects such as Nanhai Petrochemical were built to increase ethylene production capacity by 6.2 million tons. In 2010, the three major ethylene industrial zones in the Yangtze River Delta, Bohai Rim and Pearl River Delta were formed, with production capacity accounting for over 60% of the country's total.

People from the National Development and Reform Commission pointed out that during the “Eleventh Five-Year Plan” period, China will strictly implement the admittance system for the ethylene industry and comprehensively increase the industrial scale, resource utilization, and safety and environmental protection level. Specific measures include the construction of new ethylene projects. In principle, we must rely on the existing large-scale oil refining enterprises to implement integration of oil refining and chemical industry; the single-line scale of new ethylene projects should reach 800,000 tons or more; the ethylene downstream petrochemical plant should have a world-class economic scale; Sino-foreign joint venture ethylene projects, Foreign investors must have the main equipment advanced technology or raw material supply capacity, and the Chinese party should be relatively controlled.

Industry experts said that with the recovery of the world economy, the growth of ethylene demand has gradually accelerated, with an average annual growth rate of 4.3%, and the increase is mainly in Asia. The focus of ethylene industry development will gradually shift to Asia, especially China. China has become the main target market for the development of the ethylene industry.