It is reported that according to the “Notice on Solidly Promoting Plastic Pollution Control” jointly issued by nine departments including the National Development and Reform Commission, the Ministry of Ecology and Environment in July, the “plastic ban order” will be fully implemented from January next year. Starting from January 1, 2021, non-degradable disposable plastic packaging bags, plastic tableware, disposable plastic straws, disposable plastic products for accommodation, etc. will be banned. So far, Shandong, Henan, Sichuan, Shaanxi, Hainan, Hubei and other provinces have issued implementation plans for plastic pollution control to accelerate the advancement of plastic pollution control. According to the phased task targets of plastic ban and restriction announced by the Ministry of Commerce, there is a clear timetable for plastic ban and restriction.
As the comprehensive plastic ban approaches, the demand for degradable plastic products will increase significantly.
As a leading private refining and chemical company, Hengli Petrochemical took the lead in responding to this national policy and began to lay out new degradable polyester products. Material.
On December 25, Yingkou Kanghui Petrochemical Co., Ltd., a subsidiary of Hengli Petrochemical Co., Ltd., successfully started up the new PBS biodegradable polyester material project with an annual output of 33,000 tons and put it into production smoothly. And the production of qualified products marks the official launch of Hengli Petrochemical’s green industry. Some analysts pointed out that with the comprehensive plastic ban approaching, after the project is put into production, the production capacity will jump to the top three in the country, which will greatly alleviate the domestic supply and demand gap for PBS biodegradable plastics and is expected to increase annual revenue by 600-700 million yuan.
On December 26, the centralized opening ceremony of Hengli (Guiyang) Industrial Park and the 2020 Guizhou Province Industrial Investment Promotion Project was held in Gui’an New District . Hengli Group, a Fortune 500 company, invested 22 billion yuan to build Hengli (Guiyang) Industrial Park, which will create a regional manufacturing center for intelligent new materials in Southwest China. It marks that the ninth largest production base of Hengli Group is located in Guiyang.
Hengli (Guiyang) Industrial Park, with a total investment of 22 billion yuan, is a key construction project in Guizhou Province and the largest project in the polyester and textile fields in Guizhou . The project is located in Gui’an New District, Guizhou City. It will use world-class advanced equipment and production technology, focus on the construction of high-end imitation silk and other high-end textile fabrics, high-end special functional polyester films and other industrial projects, and strive to build a southwest intelligent new material regional manufacturing center. .
The project only took 12 days from negotiation to signing, and only 52 days from signing to start of construction. At present, the site leveling work has been basically completed, and the first phase of the project plan It will be completed and put into production in July 2021. After full production, it will achieve an annual output value of 26 billion yuan and provide employment for 15,000 people.
The “Plastic Restriction Order” has been upgraded and Hengli Petrochemical’s advance layout demonstrates Hengli’s speed
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Kaiyuan Securities analyst Jin Yiteng previously said that as the core listed subsidiary of Hengli Group, Hengli Petrochemical Co., Ltd. vigorously develops new materials in order to further enhance the competitiveness of the industry. and product added value.
Hengli Petrochemical is committed to dedicating its holding subsidiary Kanghui Petrochemical to building an industry-leading new material production base. Kanghui Petrochemical began to cooperate with Dalian University of Technology as early as August 2019 to independently develop the production formula of “PBS biodegradable polyester new material”. In early 2020, it invested in the construction of a PBS biodegradable polyester new material with an annual output of 33,000 tons. materials project, and successfully achieved the goal of “starting construction and putting into production that year”, which fully demonstrates the speed of Hengli.
Kanghui Petrochemical’s current production capacity is 200,000 tons of biaxially oriented polyester film (BOPET), 200,000 tons of film-grade polyester chips and 185,000 tons of engineering plastics; including under construction The project includes 8 tons and 10,000 tons of PBT, 2×3.3 and 10,000 tons of high-barrier, multi-functional polyester films, and 33,000 tons of PBAT degradable plastics. PBAT is a copolymer of polybutylene adipate (PBA) and polybutylene terephthalate (PBT). It has the characteristics of both PBA and PBT, and has good ductility, elongation at break, It has heat resistance and impact resistance, as well as excellent biodegradability. It is widely used in downstream fields such as plastic films, packaging bags, and disposable appliances. With the continuous advancement of environmental protection policies, the enhancement of public environmental awareness, technological advancement and cost reduction, PBAT materials have broad market space. The company’s continued layout of new materials business will help the company further enhance industry competitiveness, extend the industrial value chain and increase product added value.
The relevant person in charge of Hengli Petrochemical said in an interview with reporters on November 10 that in recent years, with the strong support of relevant national industrial policies, new material industries such as polyester have welcomed the come huge development opportunities. As industrial concentration increases, the technological level of the industry is also constantly improving. The company firmly seizes favorable development opportunities, gives full play to its research and development strength in the field of new polyester materials, and makes better use of high-end market resources. A number of research and development results have been gradually implemented. New material products including “degradable plastics” have been favored by The industry has attracted widespread attention, and the head effect has been further highlighted.
As my country’s polyester chemical fiberAs a leading enterprise in the field of large-scale, high-end and differentiated development in the manufacturing field, Hengli Petrochemical has the comprehensive competitive advantages of both scale effect of production capacity and leading technology research and development. With the completion of Kanghui Petrochemical’s annual production of 33,000 tons of PBS-based biodegradable polyester new materials project, Hengli Petrochemical has officially entered the degradable plastics market with huge future space. The polyester business segment’s capacity structure upgrade and scale process advantages will also more obvious.
Favorable policies are coming out frequently, and the concept of degradable plastics welcomes development opportunities
With the continuous introduction of the “plastic restriction order” policy, the concept of degradable plastics has continued to strengthen since October, and the sector has risen by nearly 20%.
According to Guosen Securities research report, the four key domestic application areas of disposable tableware, disposable plastic bags, agricultural mulch film and packaging plastic film total about 10.17 million tons of potential Requires space. Compared with the potential demand space of tens of millions of tons, my country’s biodegradable plastic market supply was only 70,000 tons in 2018, and the market demand has not yet been fully opened. With the strengthening of plastic restriction legislation and law enforcement, the improvement of national environmental awareness, and the cost reduction brought about by technological progress or government subsidies, the degradable plastic industry is expected to enter a stage of rapid increase in penetration rate. Under the favorable expectations of the industry, the domestic degradable plastics industry has entered a production expansion cycle, and costs are expected to drop rapidly.
The new 33,000-ton PBS biodegradable polyester material project of Kanghui Petrochemical, a subsidiary of Hengli Petrochemical, has been successfully started at the end of 2020 and is the first to be put into production. It is expected to enjoy further benefits. market dividends brought about by the policy.
In addition, Hengli Petrochemical is the first company in China to realize the “crude oil – aromatics, ethylene – purified terephthalic acid (PTA), ethylene glycol – polyester (PET) – Private enterprises that operate and develop a complete industrial chain of “civilian and industrial yarns, engineering plastics, and films” can provide upstream PTA raw materials for new PBS biodegradable polyester materials, thereby further expanding the operating capabilities of the entire industrial chain and reducing production costs.
Polyester chemical fiber has always been one of Hengli Petrochemical’s important business segments. Driven by the development model of the entire industry chain, in recent years, Hengli Petrochemical has actively promoted new projects such as 1.35 million tons/year polyester new materials, continuously upgraded and optimized the industrial model, fully leveraged the advantages of upstream refining and chemical projects, and continuously consolidated and expanded the production capacity of all links. , to build a strategic leading advantage that adapts to the high-quality competition of the entire industry chain and the joint development of industrial synergy, production capacity structure quality, device scale cost, technology and process accumulation, project production speed and listing platform.
The person in charge said that in the next few years, my country’s chemical fiber industry will focus on the development of high-performance fibers to develop and produce high-end fabrics; vigorously develop functional and differentiated fibers, and develop various Similar high-level functional fibers and green ecologically degradable fiber products will promote the development of emerging fields such as home textiles and industrial applications; vigorously develop high-tech fibers to develop high-tech, high-performance fibers and synthetic fibers that are urgently needed in various high-tech fields. new material. In the future development, the company will continue to focus on the high-end product field, further improve the development and production capabilities of functional and differentiated new materials, enrich product specifications, expand production capacity scale, further increase product added value, improve product differentiation level, and more We will effectively create an integrated operation model for the entire industry chain of “crude oil-aromatics-PTA-polyester-civilian yarn and industrial yarn” and continuously improve the company’s profitability and level. </p
