In the past few decades, China’s ethylene industry has undergone two major expansions of energy expansion, all relying on existing installations, achieving the goals of investment, rapidity, and high output, and is still listed as a model of industrial technological transformation throughout the country. Nowadays, the localization rate of China's one million tons ethylene plant has reached more than 80%. Sinopec has already had the ability to use its own technology to build a million-ton ethylene plant.
With the continuous improvement of ethylene production capacity and technological level, the ethylene industry has become an important engine for improving people’s living standards and stimulating China’s economic growth.
In the 1970s, due to the low production capacity of ethylene and backward technology, it was difficult to obtain a definite vote for ethylene derivatives.
Today, a wide variety of ethylene derivatives—chemical fibers, plastics, rubbers, and resins—have entered the various corners of people’s lives, enhancing people’s quality of life in all aspects. Some people feel that modern life is inseparable from ethylene, just as it is inseparable from electricity.
According to calculations, a one-million-ton ethylene project, in addition to providing a certain number of jobs for itself and exerting great benefits, will drive investment in downstream industries and supporting projects by about 100 billion yuan, and create 150,000 new jobs. If the national economy continues to maintain a growth rate of 7% to 8%, by 2010, China's ethylene demand will reach 25 million tons, while the national actual production capacity is expected to be 14.5 million tons.
While fully affirming our achievements and grasping historical opportunities, we must always maintain a sense of urgency. The rapidly developing ethylene industry in the Middle East will be impacted by the low cost of its products to the domestic ethylene market. China's ethylene industry must make more in-depth and detailed articles on optimization of tapping potential and efficiency.
While optimistic about the domestic industry's operating data, the petrochemical association is not optimistic about the export situation during the year and believes that the whole industry's export situation will not be greatly improved during the year.
International trade protectionism has risen and the export situation of the industry is grim. As of August this year, China's chemical industry encountered a total of 14 cases of trade frictions, which exceeded the number of cases last year. Among them, 5 new anti-dumping investigations were initiated, 3 investigations were initiated by anti-dumping investigations, 1 counter-subsidy case, and 5 safeguard measures.
With the continuous improvement of ethylene production capacity and technological level, the ethylene industry has become an important engine for improving people’s living standards and stimulating China’s economic growth.
In the 1970s, due to the low production capacity of ethylene and backward technology, it was difficult to obtain a definite vote for ethylene derivatives.
Today, a wide variety of ethylene derivatives—chemical fibers, plastics, rubbers, and resins—have entered the various corners of people’s lives, enhancing people’s quality of life in all aspects. Some people feel that modern life is inseparable from ethylene, just as it is inseparable from electricity.
According to calculations, a one-million-ton ethylene project, in addition to providing a certain number of jobs for itself and exerting great benefits, will drive investment in downstream industries and supporting projects by about 100 billion yuan, and create 150,000 new jobs. If the national economy continues to maintain a growth rate of 7% to 8%, by 2010, China's ethylene demand will reach 25 million tons, while the national actual production capacity is expected to be 14.5 million tons.
While fully affirming our achievements and grasping historical opportunities, we must always maintain a sense of urgency. The rapidly developing ethylene industry in the Middle East will be impacted by the low cost of its products to the domestic ethylene market. China's ethylene industry must make more in-depth and detailed articles on optimization of tapping potential and efficiency.
While optimistic about the domestic industry's operating data, the petrochemical association is not optimistic about the export situation during the year and believes that the whole industry's export situation will not be greatly improved during the year.
International trade protectionism has risen and the export situation of the industry is grim. As of August this year, China's chemical industry encountered a total of 14 cases of trade frictions, which exceeded the number of cases last year. Among them, 5 new anti-dumping investigations were initiated, 3 investigations were initiated by anti-dumping investigations, 1 counter-subsidy case, and 5 safeguard measures.
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