Project 1
November 9, 2017, Nanshan Group And American ethane company attended the historic summit of leaders of China and the United States and signed a large-scale ethane import cooperation agreement, which is the first contract of China's import of ethane in the United States. According to John Houghtaling, CEO of American ethane company, the contract between Ethane Company and Nanshan Group is about 20 CIF (CIF) for 20 years. According to the contract, Ethane Company will supply 2.6 million tons B It also participated in the project of investing 2 million tons of ethane to ethylene project planned by Nanshan Group.
Item 2
In late November 2017, Jiangsu Xinpu Chemical Ineos Group will sign a long-term agreement with Ineos to supply ethylene oxide produced in the United States to Sinopharm Chemical Cracker. On January 12, 2018, Sinopolen's 1.1 million tonne / year Young Hydrocarbon Comprehensive Utilization Project (LHUP) The key equipment, the propylene distillation column, was successfully installed. The project is located in China Fine Chemical (Taixing) Development Park. The main products include 650,000 tons / year of polymerization grade ethylene, 122,000 tons / year of polymerization grade propylene and hydrogen, methane, , Pyrolysis of gasoline and fuel oil, the total investment of 5500000000 yuan.
Source news illustration
Item 3
December 20, 2017 In the morning, Able to heavy industry group And the United States ethane Jinzhou 2 million tons of ethane ethylene project signed in Jinzhou.30 September 2017, the condensate heavy industry group annual output of 2 million tons of ethane cracking ethylene project successfully settled in Jinzhou .As Jinzhou City Investment Major projects, this project is expected to total investment of 26.1 billion yuan, the construction period is expected to be 36 months after the completion of production is expected to achieve the annual value of more than 190 billion yuan, can arrange 3,500 jobs.According to the heavy industry and the United States B Alkane Company will contract to supply 2.6 million tons of ethane to the project every year and to invest 2 million tons of ethylene to ethylene project in Jinzhou City.
Item 4
February 1, 2018, Yangquan Coal Group Qingdao Hengyuan Chemical Co., Ltd. Ethane supply agreement with American ethane company, Yangmei Group plans to build 2 million tons / year ethane comprehensive utilization project in Dongjiakou, Donggang Port Lingang New Chemical Materials Park existing 400,000 tons / year PVC, 500,000 Tonne / year styrene production plant, which can consume more than 500,000 tons of ethylene in the project of 400,000 tons / year VCM project, etc. The project will produce 1.5 million tons of ethylene annually, besides supporting downstream users such as PVC and styrene in the park. Construction of FDPE, CPE special polyethylene, ultra-high molecular weight polyethylene and other polyolefin new materials.
From the beginning of November 2017 to February 2018, the U.S. ethane company has quickly signed three large export orders for ethane, Total supply of 7.2 million tons of ethane . The shale gas revolution has given the United States a rich and low-cost source of ethane and China is the world's largest consumer market with a total volume of polyethylene imports of 11.794 million tons in 2017, up 18.6% over the same period in 2017. China's ethylene glycol imports More than 8 million, vinyl monomer in China is still scarce.
Ethane Transporter EthaneCrystal , Samsung Heavy Industries, belongs to Reliance Industries Ltd.
Picture source China Shipbuilding Industry Association Network
Compared with the traditional process of ethylene cracking by naphtha cracking, ethane cracked ethylene process has low investment, low cost of raw materials, high ethylene yield and high ethylene purity product line. The international crude oil price shows a gradual upward trend. The alkane route The cost advantage will be more prominent in ethylene downstream derivatives, polyethylene, ethylene glycol and other high import dependence, the market demand remains strong now the domestic ethylene equivalent of only 52.5%, while the equivalent gap of up to 19.65 million tons, It is estimated that the domestic equivalent gap will still be more than 16 million tons by 2025, and the market for ethylene development is still huge. Ethylene chain has high profitability.
Source: Asia Consultation
Domestic enterprises in the operation of ethane cracking project, one of the key points for a stable supply of materials, and the other high requirements of warehousing and logistics, infrastructure investment is larger. Ethane transport to pipelines and shipping, mainly from the Gulf Coast of the United States transport To China's Changjiang Port, the need for large-scale deep-sea vessels, terminal storage to be supporting the frozen tank area. American ethane company and domestic Sinopharm Chemical are building large-scale transport vessels for the transport of ethane.
From the current point of view, ethane cracking ethylene is full of prospects, with some devices put into use in 2019, will ease the pressure on the import of ethylene in China with the United States imports of ethane contracts for the long-term contracts, you can relatively guarantee the supply of raw materials. Coastal Chemical Enterprises have the advantage of ports to reduce the cost of land transport. Ethylene in China there is a big gap in supply. Ethane ethylene process route, a single product, enterprises need to scientifically and rationally plan downstream industries, and give full consideration to the synergies of the surrounding industries to Enhance project operation ability.