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Increased local investment impulse petrochemical overcapacity - petrochemical overcapacity, methano by li miss





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Increased local investment impulse petrochemical overcapacity - petrochemical overcapacity, methano by
Article Posted: 12/25/2010
Article Views: 86
Articles Written: 1636
Word Count: 674
Article Votes: 0
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Increased local investment impulse petrochemical overcapacity - petrochemical overcapacity, methano


 
Business,Business News,Business Opportunities
To get rid of Economic crisis Investment boom may be brought under new "crisis." In the petrochemical field, due to investment from around the unquenchable enthusiasm, some of the inherent problems of the industry over-supply of surplus product is still further intensified.

"50% of the petrochemical industry product supply and demand equilibrium, but the high side, 20% oversupply of products, only 30% of the products are in short supply, and the new investment projects mostly low-end products, duplication, excess will be very seriously. "NDRC official said.

Since last year, the National Development and Reform Commission led the development of the industry revitalization plan. In the "petrochemical industry restructuring and revitalization plan" submitted, after three years of restructuring and revitalization, to rationalize the industrial structure in 2011, the development of an apparent change in overall strength significantly increased.

As the matching, each province were also planning to develop the revitalization of the industry. Currently, a dozen provinces have been published in detail petrochemical industry revitalization and development goals.

China Oil And Chemical Industry Association (the "Petrochemical Association") official said that planning rules have been published from the area of view, the overall goal has been greatly exceeded the industry's development goals. If these planned projects are all completed, the petrochemical industry will face a disaster, the goal of revitalizing the industry not only reach, industry may also worsen the situation.

The official said, in order to Methanol This is just a province of the planned 12 million tons of production capacity, there is another province is also planning a six million tons of capacity. "China's methanol production in 2008 is 11,260,000 tons, has been highest in the world, if the two provinces build up capacity in China have more than doubled the production of methanol."

Fact, in the provinces of the revitalization plan, the petrochemical industry is not alone in methanol. In the development of local Economy To gain access to the aspirations of the national industrial revitalization plan driven by large measure on the project everywhere. Association analysis in the petrochemical industry report showed that investment in the petrochemical industry growth momentum in July reached 29.71%, which P Industries have reached 97.12%.

Intense impulse to invest in, China's petrochemical industry surplus is increasing. Development and Reform Commission, said an official, according to their forecasts, now 50% of the petrochemical industry product supply and demand balance, but the high side, 20% of the product is over-supply, only 30% of the products are in short supply. New investment projects in many places are mostly low-end product of duplication, excess is seriously exacerbated.

Recently, Development and Reform Commission and other 10 departments jointly issued "on the inhibition of overcapacity in some industries and duplication to guide the healthy development of industry, a number of views", are Chemical industry Coal chemical industry had been criticized. The opinions published data, traditional coal chemical industry severe redundant construction, 30% excess capacity, under the impact of imported products in the first half of 2009 methanol plant operating rate is only 40%. Executive vice president of Pande Run

Petrochemical Association, said the premise of the petrochemical industry to maintain growth on structural adjustment, the focus on the industry's long-term healthy development as soon as possible under control of key industries and key areas of productivity growth, strictly control the total co-ordinate the coordinated development between different regions.

As the implementation of the petrochemical industry restructuring and revitalization of the supporting guidance documents, Petrochemical Association yesterday released its "oil and chemical industry restructuring guidance," and "petroleum and chemical industries supporting the revitalization of technical guidance." Association of petrochemical in guidance of chlor-alkali, soda ash, calcium carbide and many other serious crisis the industry surplus, 3 to 5 years in principle to add new capacity.

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