There is still a big gap in olefins in China in th

There is still a big gap in olefins in China in the next five years. However, the capacity and output of ethylene, propylene and downstream products in China have continued to grow in recent years, and the output growth last year reached a new high. However, statistics and forecasts from all parties show that the gap in olefins and downstream products in China is still large in the next five years

according to the statistical data of the national development and Reform Commission, China's olefin production increased significantly last year, reaching a new high. In 2010, China's ethylene production jumped to 14.19 million tons, an increase of 31.7% year-on-year. The output of ethylene downstream products also increased rapidly, with the output of synthetic resin reaching 43.61 million tons, an increase of 18.3% year-on-year. Among them, the output of polyethylene reached 9.86 million tons, with a year-on-year increase of 28.6%; Polypropylene output reached 9.17 million tons, a year-on-year increase of 13.5%

the demand for olefins in China is also growing rapidly. According to gaochunyu, senior engineer of Sinopec economic and Technological Research Institute, before 2012, the average annual growth rate of China's ethylene demand was about 5%; The average annual growth rate from 2013 to 2015 is 5% - 7%; It is estimated that China's ethylene equivalent consumption will exceed 35million tons in 2015. Before 2012, China accounted for only 3.4% of propylene Leeper. Sometimes Leeper had to stop. The average annual growth rate of propylene demand was about 6%. From 2013 to 2015, the average annual growth rate of engine cylinder head, instrument panel framework, roof luggage rack and sunroof guide rail was 5% - 7%; It is estimated that the apparent demand for propylene in China in 2015 will be 21million tons, and the equivalent consumption will be close to 26million tons

the gap of olefin downstream products is not small. According to the data of Asiatic chemical consulting company, China's polyethylene production capacity is expected to be 15.88 million tons in 2015, the demand is 21 million tons, and the gap is 5.12 million tons; It is estimated that the polypropylene production capacity in China will be 16.98 million tons, the demand will be 17.8 million tons, and the gap will be 820000 tons in 15 years based on the requirements of the central government and the center of the general administration

it is understood that the next few years will be the peak period of olefin production expansion in China, and the capacity of oil refining/ethylene integration projects will expand significantly. According to Gao Chunyu, by 2015, Sinopec will increase its ethylene capacity by 4.57 million tons/year, PetroChina will increase by 2.26 million tons/year, and other enterprises will increase by 2.89 million tons/year; By 2015, Sinopec will increase propylene capacity by nearly 10.84 million tons/year

in addition, coal to olefins will also be greatly developed. According to the statistics of China Federation of petroleum and chemical industries, including the national and provincial approved demonstration projects, there are currently 29 coal to olefin projects under construction, planned and in the planning stage in China, with an olefin production capacity of 2018 million tons/year

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