At the beginning of the new year, Sheng Hong and Hengli seemed to have discovered new opportunities!
1. Shenghong plans to build a new coal chemical project in Inner Mongolia
On April 19, 2021, Shenghong signed an investment agreement with the Ordos Municipal Government for a green new material circular economy industrial park project, planning to invest 127 billion yuan in the construction of methanol and downstream production of acetic acid, formaldehyde, acrylic acid, olefins and degradable materials, high water absorbency Resin and other high-end new materials and fine chemical products.
In early February, we learned from the Ordos Municipal Natural Resources Bureau that the pre-examination of the land for the Green New Materials Circular Economy Industrial Park project had been approved! The Green New Materials Circular Economy Industrial Park project obtained the approval of the Ordos Municipal Natural Resources Bureau’s land pre-examination and planning opinions on January 24, 2022 (Erdos Natural Resources Development [2022] No. 41). The project covers an area of 728.4062 hectares (including agricultural land 725.1476 hectares, construction land 3.2586 hectares).
At present, Shenghong Group has begun rapid advancement in three major directions: new energy, high-performance new materials, and low-carbon green industries. According to reports:
The first is to focus on the new energy field, lay out hydrogen energy, wind energy, solar energy and supporting new material projects, and build a million-ton world-class EVA photovoltaic material production base, lithium battery separator materials, electrolytes and hydrogen fuel cell proton exchange membranes and other major new energy projects. project;
The second is to focus on the field of high-performance new materials, layout and construction of the country’s largest POE and other high-end polyolefin material projects, as well as nylon 66 special engineering plastics and other major projects that meet national needs;
The third is to focus on the field of low-carbon green industries and lay out and construct environmentally friendly new material projects such as million-ton degradable plastics, comprehensive utilization of carbon dioxide, recycling and purification.
2. Hengli invests another 50 billion yuan in Changxing Island
The Dalian Municipal Government website announced that on February 8, the construction start and major project signing ceremony of Dalian Changxing Island Hengli Polyester Technology Industrial Park was held.
The Hengli Polyester Technology Industrial Park project will focus on building five major industrial chains: degradable materials, functional polyester materials, high-performance resin materials, high-end fiber materials, and new energy materials. The first phase of the project started this time has a total investment of 26 billion yuan, focusing on the construction of 2.6 million tons/year functional polyester, 1.6 million tons/year high-performance resin and supporting terminals, storage and transportation projects. It is planned to be completed and put into operation in 2023. It is expected to achieve an annual output value of 42 billion yuan and profits and taxes of 10 billion yuan.
At the ceremony, the Dalian Municipal People’s Government, the Changxing Island Economic and Technological Development Zone Management Committee, and Hengli Group signed an industrial deepening investment cooperation agreement; the Changxing Island Economic and Technological Development Zone Management Committee and Hengli Group signed a Hengli high-end coastal equipment manufacturing base Project investment cooperation agreement.
According to the agreement, Hengli Group plans to invest an additional 40 billion yuan to build 1.6 million tons/year of acrylonitrile, styrene, polyether polyol and other fine chemical projects; and to invest an additional 10 billion yuan to build a modern green complex represented by heavy industry and high-end equipment. Manufacturing base. It is reported that since Hengli settled in Changxing Island, Dalian in 2010, it has completed a cumulative investment of more than 180 billion yuan, achieving coordinated efforts in the three major sectors of refining, petrochemicals, and chemical industry, and long-term, high-level operations.
Why do these leading companies
Have you come to enter the new energy field?
Leading companies like Hengli Shenghong are already among the best in the chemical fiber industry. Why are these companies entering the new energy field one after another?
First of all, the new energy track in the next five to ten years will indeed be one of the tracks with the largest future development space in China or the entire world. Since we have seen such an increase in demand, petrochemical companies will also do this. There is no doubt that since market demand, especially in recent times, the entire supply and demand situation has become very tight, under such a premise, there is no doubt that increasing production capacity or capital expenditure in this area is necessary. After all, it is necessary to meet Market demand, increasing the development space of one’s own business or new growth points cannot be simply described as hype.
Another point is that petrochemical companies, especially traditional chemical fiber companies, have encountered a relatively obvious problem this year. After the Spring Festival, the entire sector has undergone a wave of relatively obvious adjustments, because after this year’s dual carbon targets were proposed, traditional chemical companies Traditional projects such as new production capacity or new project approvals have encountered certain obstacles.
Especially in the first half of this year, when the approval of many new projects is blocked, these companies will naturally look for new markets or new production capacity in the direction of policies. For companies, there is no doubt that they will enter such a new energy track. inevitable choice.
The second question, since this direction is very obvious, the core is to see whether traditional chemical companies have any advantages, and whether it is just a hype or a future development.This method has great competitiveness in this field. The core advantage of traditional chemical companies is to produce bulk raw materials. Only after this product can be mass-produced can these traditional chemical companies take advantage of scale and cost. These two major advantages are The biggest advantage of the traditional chemical industry.
It’s time for petrochemical leaders to deploy new materials
The rise of new energy has driven rapid growth in demand for related chemicals, providing opportunities for petrochemical companies to deploy new materials. In recent years, the leading petrochemical industry layout in the midstream and upstream industries has reserved space for the expansion of downstream industries. Hengli Refinery and Zhejiang Petrochemical have maintained high profits after they were put into operation. The midstream and upstream operations of refining and chemical companies have provided a large amount of free cash flow for companies to deploy new materials. The company’s layout of new materials is based on the extension of the existing industrial chain, making full use of by-products. The raw material support of the large chemical industry platform provides companies with cost advantages in future new material market competition.
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