Petrochemical main product output will maintain growth

The Ministry of Industry and Information Technology released the 2010 Spring Report on China's Industrial Economic Operation.
In the first two months of this year, the added value of the oil and chemical industries increased by 17.6% year-on-year, of which the chemical industry grew by 27.3%. It is expected that the above two added values ​​will increase by 12% and 17% respectively this year. In addition, crude oil production was close to 200 million tons, ethylene production was 13 million tons, and fertilizer production was about 67 million tons, which increased by 6%, 22%, and 1.5%, respectively. This is March 18, CCIN reporter from the Ministry of Industry and Information Technology, "China's industrial economy running 2010 spring report" conference to get the information.
Xin Guobin, director of the Ministry of Industry, Operational Monitoring and Coordination Bureau, spoke highly of the performance of the petrochemical industry in responding to the international financial crisis last year. In addition to the stable stabilization of industrial production and gradual consolidation of recovery, the industrial layout has been gradually optimized and positive progress has been made in the elimination of backwardness. In terms of industrial layout, the petrochemical industry has strictly controlled the new distribution of ethylene refining projects, and built three sets of 10 million-ton oil refining and one-million-ton ethylene integrated units in Dushanzi, Fujian Refining and Tianjin Petrochemical and 10 million tons of Guangdong Nanhai Petrochemical. The oil refinery has created conditions for the formation of 20 million-ton refinery bases and 11 million-ton-grade vinyl floors by the end of 2011. In addition, it also promoted the pre-engineering of the Sinopec Refining and Chemical Integration project. Eliminating obsolete aspects, eliminating 460,000 tons of outdated calcium carbide production capacity and 18.90 million tons of outdated coke production capacity, eliminating low-level nitrogen fertilizers and phosphate fertilizer companies accounting for about 5% of the total number of industries, and completely stopping the use of five highly toxic pesticides such as methamidophos. Production use.
However, Xin Guobin also clearly pointed out that the petrochemical industry in some industries, a serious excess capacity, blindly expanding momentum continues unabated. At present, China's calcium carbide production capacity is about 22 million tons, output is 15 million tons, capacity utilization rate is only 68%; coke production capacity is about 440 million tons, output is 345 million tons, production capacity is idle nearly 100 million tons; methanol production capacity is about 23 million tons, output is 11.3 million Ton, production capacity is idle for more than half. The capacity of calcium carbide, coke and methanol under construction is also about 7 million tons, 30 million tons and 8.6 million tons respectively. In addition, some inorganic salts, inorganic alkalis, fertilizers, and pesticides also have different levels of excess capacity.
Xin Guobin said that the main driving force for the growth of the raw material industry came from investment. This year, the growth of industrial investment, including technological transformation, is expected to be around 20%, which is lower than last year's level. With the fall in investment growth, the growth rate of the raw material industry, including petrochemicals, will correspondingly slow down. The annual growth rate will fall back to about 11%.
The 2010 Spring Report on the Operation of China's Industrial Economy was jointly completed by the Ministry of Industry and Information Technology Supervision and Coordination Bureau and the Institute of Industrial Economics of the Chinese Academy of Social Sciences.

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