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.
In 2021, 8.2 million tons of new PTA devices were put into operation in China. Among them, the 2.5 million tons/year PTA unit of Fujian Baihong and the 2.4 million tons/year PTA unit of Honggang Petrochemical Line 2 were both put into operation in the first quarter of the year. Yisheng New Materials The 3.3 million tons/year PTA device will start trial operation at the end of the second quarter, start stable production around the third quarter, and will be completed in January 2022. At present, the effective domestic PTA production capacity base is 64.59 million tons. Compared with the effective production capacity of 58.84 million tons at the end of last year, the effective production capacity increased by 5.75 million tons, an increase of 9.77%. In addition to the newly put into production PTA devices, there are also more devices with long-term shutdowns and permanent shutdowns this year. The units that will be permanently shut down in 2021 include Reignwood Petrochemical’s three PTA units with an annual output of 600,000 tons and Yisheng Ningbo’s PTA unit with an annual output of 650,000 tons.
Data source: Wind Consulting Baocheng Futures Financial Research Institute
The construction of the 3 million tons PTA project of Line 2 of Yisheng New Materials has been completed
On January 14, 2022, Hengyi Petrochemical Co., Ltd. stated on the investor interaction platform that the 3 million tons PTA project of line 2 of its joint-stock subsidiary Yisheng New Materials has been basically completed and has not yet been put into production. Line 1 of 300 It is planned to be completed and put into production in the second quarter of 2021.
On September 19, 2019, Hengyi Petrochemical and Rongsheng Petrochemical simultaneously announced that Zhejiang Yisheng New Materials Co., Ltd., a subsidiary of the two companies, plans to invest in the construction of a “6 million tons of PTA project per year”. The project will be implemented in two phases. The total investment of the project is expected to be 6.731 billion yuan.
Project Overview Project Name: Zhejiang Yisheng New Materials Co., Ltd.’s annual production of 6 million tons PTA project
Project construction location: Petrochemical Economic and Technological Development Zone, Ningbo City, Zhejiang Province
Project construction content: The planned area is about 362.6 acres. Using the company’s own technology, it is planned to build new rainwater detection pools, substations, reclaimed water reuse devices, sewage treatment plants and other supporting facilities, and make full use of the convenience of existing public works in the park. Build 2 sets of PTA production equipment to form an annual production capacity of 6 million tons of PTA.
Project investment: The estimated total investment of the project is 6.731 billion yuan
Project benefits: According to preliminary calculations, after reaching full capacity, the annual operating income will be approximately 33,036 million yuan. Yisheng’s PTA production capacity is 6 million tons/year, and Yisheng’s new material production capacity is 6 million tons/year (including 3 million tons/year). The production capacity is under construction and installation), Zhejiang Yisheng has a production capacity of 5 million tons/year, and Hainan Yisheng has a production capacity of 2 million tons/year.
Dushan Energy Phase III PTA project starts construction
On January 4, 2022, Xinfengming Group ushered in a good start to 2022 – the opening ceremony of the Dushan Energy Phase III PTA project.
The total investment of the third phase of the PTA project of Zhejiang Dushan Energy Co., Ltd. is 5.33 billion yuan. The project land is about 538 acres. The newly built PTA equipment, raw material and product warehouses, public engineering supporting buildings and other buildings are 52,739.9 square meters. The structures cover an area of 159,578 square meters. , using the most advanced KTS P8++ process in the world, purchasing major process equipment such as reaction mixers, distillation towers, and process air compressors and related auxiliary equipment, configuring automated and intelligent facilities, and creating a digital management system to reduce material consumption, energy consumption, and emissions. Reach the world’s first-class level and further move towards green, low-carbon, intelligent and digital. After the project is put into operation, it can achieve annual operating income of 20.8 billion yuan and profits and taxes of 1.64 billion yuan.
Xinfengming currently has 5 million tons of PTA, and plans to produce 4 million tons next, and can actually reach 5-6 million tons. Next, PTA’s production capacity will be put into operation in two phases. The third phase will be put into operation in the first half of 2023, and the fourth phase will be put into operation in the second half of 2024.
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