Epoxy curing agent News Involving BDO, propylene oxide, PTA, etc.! Key petrochemical product production capacity early warning report released

Involving BDO, propylene oxide, PTA, etc.! Key petrochemical product production capacity early warning report released

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Involving BDO, propylene oxide, PTA, etc.!  Key petrochemical product production capacity early warning report released

On April 11, the 2023 Petrochemical Industry Development Conference was held in Beijing. Sun Weishan, vice president of the China Petroleum and Chemical Industry Federation, released the "2023 Key Petrochemical Product Capacity Early Warning Report" at the meeting.

Sun Weishan said that the more obvious development trend of domestic petrochemical and basic chemical industry integration is the focus of continuous attention in the future. Since the "14th Five-Year Plan", products such as 1,4-butanediol (BDO), propylene oxide, polyether polyols, olefins, aromatics, polyolefins, polycarbonate, titanium dioxide, and lithium iron phosphate are still in the process of expansion. Production peaked, production capacity continued to grow rapidly, and the supply capacity of major petrochemical products was greatly improved.

According to the "Report", it is expected that in 2023, the new production capacity of BDO, soda ash and titanium dioxide will lead to a decrease in the operating rate of the device; the operating rate of the methanol, oil refining, chemical fertilizer and other devices will basically be the same as that in 2022; the gap in ethylene, polyethylene, etc. will be large The operating rate of the product device will increase; while the capacity utilization rate of purified terephthalic acid (PTA), styrene-butadiene-styrene copolymer (SBS), polycarbonate, and ethylene glycol will remain low, and the device will start rate continued to decline.

Sun Weishan concluded: "The products that need to be focused on this year include propylene oxide, PTA, BDO, propylene, ethylene glycol, p-xylene, titanium dioxide, polypropylene, polycarbonate, lithium iron phosphate, etc."

According to the "Report", in 2022, affected by factors such as repeated epidemics, rising energy prices, and macroeconomic slowdown, among the 28 industries and products that the Petrochemical Federation will focus on monitoring, 9 industries and product capacity utilization rates will increase compared with the previous year. The operating rate of 2 products remained basically stable, accounting for 7%; the capacity utilization rate of 17 products declined, accounting for 61%. It can be seen that most products have excess capacity.


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