From the China Petroleum and Chemical Industry Revitalization Opportunities Conference held on the 17th, it was learned that the primary task of the adjustment and revitalization planning of the petrochemical industry is to ensure the stable operation of China's petrochemical industry, with an average annual growth of 15% in industrial added value for three years; The average annual growth rate is 5.7%, and the annual growth rate of refined oil and ethylene production is 5.9% and 14.7%, respectively. At the same time, the plan emphasizes that it will phase out 1 million tons or less of low-efficiency, low-quality backward oil refining equipment, shut down, and transfer and regulate the development of a 100-200 million-ton refinery. Focus on supporting the upgrading of backbone enterprise oil products and the expansion and expansion of ethylene. Want to create a "flat" oil company Zhang Fuqin, deputy chief engineer of China National Petroleum Planning Institute, said that the major domestic oil companies must pay particular attention to process reorganization, build flat institutions, and improve the efficiency of the market response. “There are too many sales links in major domestic oil companies, and each link wants to retain its own profits, which not only leads to high wholesale prices, but also reduces the speed of reaction to the market and cannot adapt to competition,†she said. The petrochemical revitalization plan clearly expresses its support for the central enterprise groups and key enterprises such as energy and fertilizer companies to implement mergers and reorganizations, optimize the allocation of resources, complement each other's strengths, and enhance their competitiveness; and improve related industrial policies, product technology and quality standards, and industry access directories, etc. Improve access barriers. Yang Shangming, director of the China International Engineering Consulting Company's petrochemicals and textiles department, pointed out that the plan emphasizes that it will phase out 1 million tons or less of inefficient low-quality backward oil refining equipment, shut down and transfer and regulate the development of a 100-200 million-ton refinery. Focus on supporting the upgrading of backbone enterprise oil products and the expansion and expansion of ethylene. According to industry insiders, according to such plans, a large number of local refineries will face desperation. From this year, local oil refining companies that use imported fuel oil as the main raw material have been hit hard because the unit tax for fuel oil consumption tax has risen from 0.1 yuan per liter to 0.8 yuan. The introduction of this policy is apparently aimed at cracking down on fuel oil consumption and cracking down on local refineries. Zhang Fuqin said that the revitalization plan is conducive to the formation of a group of large-scale petrochemical enterprise groups with strong comprehensive competitiveness. The central government will formulate policies and measures for the joint reorganization of enterprises, support central enterprises in implementing mergers and reorganizations, support backbone enterprises in carrying out mergers and reorganizations, implement technological transformations, and adjust product mix. She pointed out that the policy also proposes that measures such as special funds for exploration of mineral resources in foreign countries and direct injection of financial resources for overseas investment projects be adopted to support enterprises in “going outâ€. As the price of production materials fell, it was initially estimated that the construction cost of the project would be reduced by about 10%. Ethylene consumption increased by only 1.4% in 2009 According to the forecast of Yu Xin, deputy director of the Marketing Institute of the Institute of Technology and Economics of Sinopec, most industrial revitalization plans will start to take effect from the third quarter, and the operating conditions of most related downstream industries of petrochemical products are expected to improve in the second half of the year; domestic ethylene equivalent consumption in 2009 is 22 million tons, an increase of only 1.4% year-on-year. One of the key tasks identified in the petrochemical revitalization plan is to expedite the implementation of the “Eleventh Five-Year Plan†for major oil refining and ethylene projects, give priority to supporting the reconstruction and expansion projects, strictly control the new distribution network for refining oil, and initiate the preliminary work of the “Eleventh Five-Year†large-scale oil refining ethylene project. Promote the layout of China-foreign resource cooperation projects. Zhang Fuqin predicts that the apparent consumption of refined oil in China will increase by 4%-5% from 2010 to 2015, and will reach 320 million tons by 2020. "In the next two years, with the addition of new ethylene capacity in the Middle East and Asia, the global capacity utilization rate is expected to drop to 87%-88%, marking the coming of a low profit period," she said. This year China will add more than 3 million tons of ethylene per year. Therefore, the self-sufficiency rate of China's petrochemical products has increased significantly this year and the supply gap has narrowed.
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Experts expect the petrochemical industry revitalization plan to be effective in the third quarter