The 12th Five year plan target of flint chemical i

The 12th Five year plan target of the petrochemical industry is that 14trillion high-end fields become hot spots

the 12th Five year plan target of the petrochemical industry is that 14trillion high-end fields become hot spots

China Construction machinery information

Guide: the 12th Five Year Plan of the petrochemical industry is becoming clearer and clearer. According to the 12th Five year development plan for the petrochemical and chemical industry (hereinafter referred to as the "plan") recently issued by the Ministry of industry and information technology, by 2015, the total output value of the petrochemical and chemical industry will reach about 14 trillion yuan. In addition, the Ministry of industry and information technology is also responsible for high-end petrochemicals, olefins, fertilizers, etc

the blueprint for the 12th Five Year Plan of the petrochemical industry is becoming clearer. According to the 12th Five Year Plan for the development of the petrochemical and chemical industry (hereinafter referred to as the plan) recently issued by the Ministry of industry and information technology, by 2015, the total output value of the petrochemical and chemical industry will reach about 14 trillion yuan. In addition, the Ministry of industry and information technology has also made detailed plans for high-end petrochemical, olefin, fertilizer and other sub sectors

industry insiders interviewed generally believe that the petrochemical industry contains a lot of industrial opportunities during the "12th Five Year Plan" period due to the imbalance of oil reserves in various countries and the predatory exploitation by developed countries, and its frontier fields and key development fields are expected to become new investment hotspots

the prospect of 14trillion output value indicates the prosperity of the industry

the plan puts forward that during the "12th Five Year Plan" period, the total economic output of the whole industry will continue to grow steadily, and the total output value will increase by about 13% annually; By 2015, the total output value of petrochemical and chemical industries will increase to about 14 trillion yuan

the plan also requires that by 2015, the average scale of refineries across the country will exceed 6million tons/year, the average scale of ethylene installations along the oil route will be increased from 540000 tons per year to 700000 tons, the industrial concentration of nitrogen fertilizer, pesticides, chlor alkali, soda ash, calcium carbide, tires and other industries will be further improved, and the whole industry will track the standard distance line according to the newly implemented statistical caliber of premiums, and the number of enterprises with sales revenue of more than 100 billion yuan will increase from 6 to 10; The diversification rate of olefin raw materials has been increased from about 5% to 20%, the proportion of nitrogen fertilizer production capacity using advanced coal gasification technology has been increased from 10% to 30%, and the utilization rate of low-grade coal and low-grade mineral resources has been further improved; The domestic guarantee capacity of olefins remains at a reasonable level

in response, Wang Li, a professor of chemical engineering at California Institute of technology, said in an interview that from a macro perspective, the petrochemical industry contains a lot of industrial opportunities during the 12th Five Year Plan period. He explained that the total output value of the petrochemical industry at the end of the 11th five year plan was 7.64 trillion yuan. According to the plan, the total output value of the industry at the end of the 12th Five Year Plan will reach 14 trillion yuan. This means that the petrochemical industry will maintain a rapid growth rate during the 12th Five Year Plan period, with an average annual growth rate of about 15%, and the whole industry will still be in a period of rapid growth. Therefore, the petrochemical industry has considerable investment prospects

according to the materials of the Ministry of industry and information technology, China has become a major petrochemical production and consumption country in the world, and the output and consumption of important bulk products such as refined oil, ethylene, synthetic resin, inorganic raw materials, chemical fertilizers, pesticides, etc. rank among the top in the world. The products whose demand still has great room for growth in the future include: refined oil, natural gas, potash fertilizer and other energy resources products; Olefins, light hydrocarbons, p-xylene, caprolactam and other raw material products with insufficient domestic capacity; Engineering plastics and other new chemical materials and professional chemicals

Wang Li further analyzed that as an important pillar industry and basic industry of the national economy, the chemical industry provides energy, basic raw materials, agricultural chemicals and other raw materials for the development of the national economy and related fields, which is closely related to industrial and agricultural production, transportation, national defense technology, food, clothing, housing and transportation of the people and other fields. At present, most industries in the national economy maintain a good momentum of development, which means that the demand for chemical raw materials will further increase in the future

opportunities high-end Petrochemical will become a hot spot for investment

the plan first proposed that 13 fields, including basic organic raw materials, synthetic resins, synthetic fibers and monomers, will be the development focus of high-end petrochemical and chemical products during the 12th Five Year Plan period; At the same time, four sub plans for olefin industry, chemical fertilizer industry, hazardous chemicals and pesticide industry were also announced. In this regard, industry insiders generally believe that these key areas are expected to become new investment hotspots

"during the 12th Five Year Plan period, compared with traditional industries such as caustic soda, soda ash and nitrogen fertilizer, some strategic emerging industries will develop faster, which is related to the current product structural contradictions in the petrochemical industry." Hu Qianlin, Deputy Secretary General of PetroChina (10.22,0.00,0.00%) and the chemical industry association, told the economic information daily that the capacity of many traditional petrochemical products in China is basically saturated, and some are even relatively surplus. For example, the capacity of traditional chemical products such as urea, soda ash, caustic soda, calcium carbide is greater than market demand, and many products are seriously homogenized. At the same time, some high-end products such as new chemical materials, new special chemicals and synthetic materials are in short supply, with large import volume and high external dependence, so there will be a lot of room for development in the future

it is understood that in 2010, China's capacity of synthetic ammonia, methanol and calcium carbide accounted for 35%, 50% and 97% of the global capacity respectively. However, some large-scale complete sets of technical equipment and high-end products are mainly dependent on imports. There is a serious gap in new chemical materials and some monomers, and the overall support capacity of engineering plastics, special rubber and high-performance fibers is less than 50%

for the industrial opportunities in the field of high-end petrochemical and chemical industry, Jin Li, a professor of the Department of material engineering at the Swiss Federal Institute of technology, analyzed that the thirteen categories of high-end petrochemical and chemical products identified in the plan, including basic organic raw materials, synthetic resins, synthetic fibers and monomers, as well as engineering plastics, new materials, degradable materials, have considerable industrial prospects and huge market demand in the fields of construction, aviation, aerospace, military, communications and so on. At present, only new materials and degradable materials and other products have an annual demand of 4billion euros in European and American markets. Therefore, it can be judged that China has a great demand for these high-end chemical industrial products, and related fields are expected to become new investment hotspots

strategy selection high technology away from high energy consumption

the plan devotes a lot of space to describing the elimination of backward production capacity, energy conservation and emission reduction and other binding indicators, including: the water consumption per unit of industrial added value in the whole industry is reduced by 30%, energy consumption is reduced by 20%, carbon dioxide emissions are reduced by 17%, and the total emissions of major pollutants such as chemical oxygen demand, sulfur dioxide, ammonia nitrogen, nitrogen oxides are reduced by 8%, 8%, 10% and 10% respectively, The crude oil processing energy consumption of the oil refining unit is less than 86 kg standard coal/ton, the fuel and power consumption of ethylene is less than 857 kg standard coal/ton, and the average comprehensive energy consumption of the ammonia synthesis unit is less than 1350 kg standard coal/ton

most insiders believe that these binding indicators will have a certain impact on relevant fields in the industry

"in order to complete these binding indicators, enterprises need to increase investment in production processes, waste disposal and other aspects, and the production cost will certainly increase accordingly. For industries with high energy conservation, emission reduction and environmental risks, such as calcium carbide, pesticides, chemical fertilizers, these binding indicators will have a greater impact." Hu Qianlin said. However, he also pointed out that these binding indicators also play a positive role in promoting the technological progress and production efficiency of the entire industry

some people in the investment community believe that the proposal of binding indicators actually provides investors with an effective investment guidance strategy, that is, "choose high technology and stay away from high energy consumption"

Zhang Chao, investment manager of Columbia capital, an American investment institution, told the analysis that from the plan, it can be seen that the government and competent departments have very clear goals for the structural adjustment of the petrochemical industry. They should vigorously develop high-end petrochemical industry during the 12th Five Year Plan period, and gradually eliminate backward and high energy consuming production capacity with various binding indicators. Accordingly, when investing, we should choose high-tech fields with huge demand and high added value, and stay away from all kinds of backward production capacity and high energy consumption projects

Zhang Chao believes that the development of high-end chemical industry with high added value is the general trend. It is not only supported by certain market demand, but also easily supported by the government's fiscal and tax policies, which helps to protect the investment income of investors

however, Jin Li pointed out that although the market prospect of high-end chemical industry is good and the investment income is large, the initial research investment is huge and there are certain risks. Therefore, when selecting projects, we should try to choose projects that have completed early-stage research and development, have clear market demand and have stable growth