The PTA industry is an important hub connecting the two pillar industries of the national economy, petrochemical industry and chemical fiber textile industry, and is the core link in the industrial chain. It reacts with petroleum upstream products such as ethylene glycol produced by PTA, mainly producing polyester (PET). Polyester can be processed into fibers, films and plastic products and is widely used in the packaging industry, electronic appliances, medical and health, construction, automobiles and other fields.
As market share continues to increase and domestic polyester production capacity continues to increase, many leading companies have begun to accelerate their production capacity layout due to their strong financial strength and obvious cost advantages in industrial chain integration.
Oriental Shenghong
Invest in the construction of a 2.4 million tons/year PTA project!
On the evening of June 27, Dongfang Shenghong issued an announcement stating that in order to further consolidate the scale advantage of purified terephthalic acid (PTA) production capacity and enhance the comprehensive competitiveness of the entire industry chain, the company’s secondary wholly-owned subsidiary Jiangsu Honggang Petrochemical Co., Ltd. The company will invest in the construction of a 2.4 million tons/year purified terephthalic acid (PTA) phase III project. The total investment of the project is 3.93855 million yuan, and the project construction period is planned to be 28 months.
Dongfang Shenghong said that the construction of this project is in line with the company’s industrial integration development strategy and is an important intermediate link in the company’s “crude oil refining-PX/ethylene glycol-PTA-polyester-chemical fiber” industrial chain, which will digest the company’s Shenghong Refining upwards. The paraxylene (PX) production capacity of the chemical integration project will provide a stable supply of raw materials for the company’s polyester chemical fiber segment, which is conducive to the realization of the company’s development strategy and the sustained and stable development of production and operations.
This project adopts the most advanced green PTA production process technology that is further energy-saving and optimized, effectively reducing production costs. The construction of this project will rationally plan public works and auxiliary facilities, optimize the project construction cycle, make full use of the existing construction conditions and advantages of Shenghong Petrochemical Industrial Park, and partially rely on the existing equipment reservations of Honggang Petrochemical, which will help reduce the overall investment amount. Further reduce the overall operating costs of Honggang Petrochemical and improve the core competitiveness of products. At the same time, the expansion of Honggang Petrochemical’s PTA production capacity will help increase market share, further increase the market share of main products, and consolidate the company’s industry position. After the project reaches production, it will have a positive impact on the company’s operating performance.
Hengli (Huizhou) PTA project commissioning time
It is expected that in the second half of this year or the end of the year
Recently, according to the Oriental Fortune Investor Interactive Platform, the Hengli (Huizhou) PTA project, the largest PTA project in Guangdong Province, is about to be put into operation.
On March 21, 2022, the Guangdong Provincial Development and Reform Commission issued the “Notice on the Planning of Key Construction Projects in the Province in 2022”. In 2022, a total of 1,570 provincial key projects will be arranged, with a total investment of 7.67 trillion yuan, and the annual planned investment is 900 billion yuan, and 1,152 provincial key construction preparatory projects will be arranged for preliminary work, with an estimated total investment of 5.88 trillion yuan.
Among them, the four major petrochemical projects planned to be put into operation in 2022 include the Hengli Petrochemical (Huizhou) PTA project with a total investment of 10.6 billion yuan, two new 2.5 million tons PTA production lines and supporting facilities, and an additional PTA production capacity of 5 million tons per year.
Hengli Petrochemical stated on the Oriental Fortune Investor Interactive Platform on June 16 that the Hengli Huizhou PTA project is being actively promoted. Due to the recurrence of domestic epidemics, the production time is expected to be in the second half or the end of this year. The specific production time should be based on the actual construction progress. allow. After being put into operation, the company will have an annual PTA production capacity of 16.6 million tons. It will be the world’s largest PTA production supplier with the largest production capacity, the most advanced technology and the most obvious cost advantages, and the only company in the industry with an equity production capacity of more than 10 million tons.
Production is accelerating in the fourth quarter!
There are more than 10 million tons of new equipment to be launched throughout the year
On the other hand, PTA production capacity has once again attracted attention. In addition to Hengli and Shenghong, in the first half of this year, only one new material phase II unit of PTA was put into production, with production capacity increased by 3.6 million tons. As of June 2022, the PTA production capacity base is 69.23 million Ton. In the first half of 2022, PTA output was 27.36 million tons, a year-on-year increase of 3.8%, which was lower than the 4.5% production capacity growth rate. New production capacity was limited in the first half of the year, maintenance was high due to low processing fees, and the increase in new production was limited.
The production in the second half of the year will be concentrated in the fourth quarter. The planned production capacity will reach 3 sets with a total of 7.5 million tons. The production in the fourth quarter will be accelerated. According to statistics, more than 10 million tons of new devices will be put into operation in 2022. If the new devices are put into operation as scheduled, the total domestic PTA production capacity is expected to exceed 81.555 million tons in 2022, with a growth rate of 20.72%.
on the other hand. The upstream and downstream industrial chains of leading enterprises will continue toWith continuous improvement, enterprise grouping and industrial chain development are obvious, and it is expected that the trend of production capacity growth may continue in 2022. New devices at Hengli Huizhou, Xinfengming Phase IV, Jiangsu Tongkun, and Guangxi Tongkun will be launched one after another. It is expected that the total domestic PTA production capacity will exceed 90 million tons by 2025.
</p
