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Wang Jiming, the former president of Sinopec, said yesterday that the global petrochemical industry will enter the consolidation phase of the business cycle, and it is expected that the period from 2009 to 2010 will enter a cyclical downturn.
Currently, as the academician of the Chinese Academy of Engineering and the consultant of Sinopec, Wang Jiming pointed out: In particular, the Middle East will add 84.5 million tons of refining capacity per year during this period, and the ethylene capacity will exceed 15 million tons per year. If all of them are put into production on schedule, their low cost advantages Will form a greater impact on China's petrochemical industry. According to the National Refining and Ethylene Development Plan, China has also entered a stage of rapid expansion of production capacity during this period: By 2010, China will increase its crude oil processing capacity by 90 million tons/year, refining capacity will reach 4 to 420 million tons/year, and increase ethylene. With a production capacity of about 10 million tons/year, ethylene production capacity will reach 18 million tons/year.
Wang Jiming warned that China's petrochemical industry structure urgently needs to be adjusted and optimized. At present, it has entered the stage of high oil prices. With the acceleration of economic globalization and the opening up of the Chinese market, the competition in the petrochemical industry will become more intense. At present, China's petrochemical industry is still fragmented, the average size is not high, and the industrial structure and product structure are unreasonable. . He said that accelerating industrial restructuring and building an intensive petrochemical industry will be the focus of development in the coming years. By 2010, more than 20 million tons of crude oil processing bases will be formed in the Yangtze River Delta, the Bohai Rim, the Pearl River Delta, and the northwestern region. Crude oil processing capacity will account for 65% of the country's total; formed in the Yangtze River Delta, the Bohai Rim and the Pearl River Delta. 3 large petrochemical industry groups, the production capacity accounts for more than 60% of the country.
Wang Jiming is optimistic about the domestic demand market. He said that by 2010, China's crude oil demand will increase to 3.9 to 400 million tons, the total natural gas demand will be about 150 billion cubic meters, and the total demand for steam diesel fuel will be about 220 million tons, and the ethylene demand will exceed 26 million tons. Wang Jiming believes that China has already formed a relatively complete crude oil storage and transportation system. The national oil pipeline represented by Shanghai-Shanghai-Nanjing, Yichang, and Kazakhstan-China Crude Oil Pipeline reached 12,000 kilometers; the total length of the natural gas pipeline reached 28,000 kilometers, forming a preliminary shape of the national natural gas pipeline network; the total length of the refined oil pipeline is approximately 8,700 Kilometers form a refined oil sales network that radiates major consumption areas centered on refineries.
Currently, as the academician of the Chinese Academy of Engineering and the consultant of Sinopec, Wang Jiming pointed out: In particular, the Middle East will add 84.5 million tons of refining capacity per year during this period, and the ethylene capacity will exceed 15 million tons per year. If all of them are put into production on schedule, their low cost advantages Will form a greater impact on China's petrochemical industry. According to the National Refining and Ethylene Development Plan, China has also entered a stage of rapid expansion of production capacity during this period: By 2010, China will increase its crude oil processing capacity by 90 million tons/year, refining capacity will reach 4 to 420 million tons/year, and increase ethylene. With a production capacity of about 10 million tons/year, ethylene production capacity will reach 18 million tons/year.
Wang Jiming warned that China's petrochemical industry structure urgently needs to be adjusted and optimized. At present, it has entered the stage of high oil prices. With the acceleration of economic globalization and the opening up of the Chinese market, the competition in the petrochemical industry will become more intense. At present, China's petrochemical industry is still fragmented, the average size is not high, and the industrial structure and product structure are unreasonable. . He said that accelerating industrial restructuring and building an intensive petrochemical industry will be the focus of development in the coming years. By 2010, more than 20 million tons of crude oil processing bases will be formed in the Yangtze River Delta, the Bohai Rim, the Pearl River Delta, and the northwestern region. Crude oil processing capacity will account for 65% of the country's total; formed in the Yangtze River Delta, the Bohai Rim and the Pearl River Delta. 3 large petrochemical industry groups, the production capacity accounts for more than 60% of the country.
Wang Jiming is optimistic about the domestic demand market. He said that by 2010, China's crude oil demand will increase to 3.9 to 400 million tons, the total natural gas demand will be about 150 billion cubic meters, and the total demand for steam diesel fuel will be about 220 million tons, and the ethylene demand will exceed 26 million tons. Wang Jiming believes that China has already formed a relatively complete crude oil storage and transportation system. The national oil pipeline represented by Shanghai-Shanghai-Nanjing, Yichang, and Kazakhstan-China Crude Oil Pipeline reached 12,000 kilometers; the total length of the natural gas pipeline reached 28,000 kilometers, forming a preliminary shape of the national natural gas pipeline network; the total length of the refined oil pipeline is approximately 8,700 Kilometers form a refined oil sales network that radiates major consumption areas centered on refineries.
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