Source of article: Petrochemical Collection SHBD, New Chemical Materials, China Chemical Information Weekly, Jixian.com
Recently, Hainan Beiouyi Technology Co., Ltd.’s 30,000 tons/year special polyolefin and supporting project has been handed over, and the project has been fully transferred from the construction stage to the production preparation and trial operation stage. Representatives from all parties involved in project construction, production, design, construction, supervision, and quality supervision jointly signed the overall project delivery certificate, marking the completion of China's first 10,000-ton industrialized polyolefin elastomer (POE) production device and becoming a breakthrough in the localization of POE. important milestone!
Beoyi Company is a high-tech innovative enterprise incubated by the Jingbo Group's "Wasp Nest" strategy. It has 2 major production bases and 3 major R&D centers, focusing on the three "stuck areas" of α-olefins, catalysts, and polymerization processes. difficult problem and realized the industrial production of POE. At the same time, Wanhua Chemical, Satellite Chemical, Sinopec Maoming Petrochemical and other companies are also promoting the construction of POE projects.
As the country's "dual carbon" strategy continues to advance in depth, strategic emerging industries such as photovoltaics and new energy vehicles are developing rapidly, and the new chemical materials industry is facing new development opportunities.
As a new generation of thermoplastic elastomer, POE is a star product among high-end polyolefin new materials. It has high technical barriers and difficult production. Currently, it all relies on imports, which has become an important bottleneck restricting the development of China's new materials industry. The smooth handover of Beoyi's 30,000 tons/year special polyolefin and supporting project laid a solid foundation for the smooth start-up of the country's first POE industrial production device. It achieved a historic breakthrough in the development of the industry and is conducive to Beoyi's acceleration. Win market opportunities, lead industry development, and enhance the international competitiveness of my country's new materials industry chain.
Beoyi Company is another independent high-tech innovative enterprise incubated by Jingbo Group's "Wasp Nest" strategy. It is a high-quality new polymer material supplier with polyolefin elastomers and α-olefins as its core industrial chain. It has There are two major production bases in Shandong and Hainan, and three major R&D centers in Boxing, Qingdao and Hangzhou. Bioyi adheres to the development philosophy of high-performance materials and high-value services and is committed to becoming the world's largest polyolefin elastomer solution service provider.
Shandong Dongbo Holding Group Co., Ltd. was established in 1991 and was formerly a school-run factory. Through gradual restructuring, Jingbo has now become a diversified industrial group jointly funded by social charity organizations and professional managers. Jingbo's business focuses on high-performance materials and high-end chemicals, as well as the supporting development of special high-end equipment and core industrial services. The company currently has more than 12,000 employees, 4 large-scale production bases, and a sales and service network covering more than 30 countries and regions around the world.
Relying on Jingbo Group's strong chemical materials industry accumulation and resource base, Beiouyi Company focuses on the three "stuck" problems of α-olefins, catalysts, and polymerization processes, and deeply engages in technological research, focusing on self-supply of core raw materials, catalytic technology breakthroughs, and process optimization. We have continued to make breakthroughs in upgrading. After many years, we have successfully completed small and pilot tests of POE and α-olefin products, and built the first domestic POE industrial production device. We have achieved CCCC and will be fully put into production, taking the lead in breaking through POE large-scale industrialization technology.
POE is one of the important new material products that everyone has paid attention to in recent years. From 2021 to 2022, pilot plants have been put into production one after another. In China's POE industry, there has been no breakthrough progress for more than a year. . The delivery of BEO's 30,000 tons/year device is an important event in China's POE industry in the past year and a milestone in the development of China's POE industrialization.
POE is a high-end new material product in the end consumer market. It is widely used in the end consumer field, such as photovoltaic sealing film, shoe sole solution, LLDPE blend modification, etc. No matter what field it is used in, POE relies on economic growth to drive demand. expand.
According to official statistics, as of the end of 2023, the POE industrialization projects that have been announced across China, including planned construction projects in the near future and mid- and long-term POE projects, have a total scale of more than 4.4 million tons per year. In other words, after China's POE industry breaks through from zero in the future, it will rapidly soar to more than 4 million tons/year, with the industry's average annual growth rate showing 125%. If we exclude the medium and long-term second and third phase plans, by the end of 2025, the scale of China's POE industry will quickly exceed 1 million tons/year, and rapid growth may occur in the next two years.
In mid-2021, Jingbo Petrochemical's 600-ton/year POE pilot plant was put into operation. It was also the first project in China to achieve POE pilot testing. At the end of 2021, Wanhua Chemical's 2,000 ton/year pilot plant and Wison's 500 ton/year pilot plant were put into operation. In September 2022, Dongfang Shenghong's 800 ton/year unit was put into operation, and Maoming Petrochemical's 1,000 ton/year unit was put into operation. , In November 2022, Tianjin Petrochemical’s 1,000 tons/year pilot plant will be put into operation.
Before the end of 2023, the POE devices that have been put into production in China are all pilot projects. Although there are already supplies from these companies in the market, the scale is small and the quality stability is average. As a result, domestic POE products have not yet entered the high-end application market. After the delivery of BIO's 30,000 tons/year POE device, it is very likely to become the first truly industrialized POE device in China.
Photovoltaics will become the largest demand increase in POE downstream applications. In 2020, global POE consumption exceeded 1.2 million tons, of which photovoltaic POE consumed approximately 170,000 tons, so consumption in other application fields exceeded 1 million tons. With the mass production of N-type modules, we calculate that global photovoltaic POE demand will reach 32/66/1.18 million tons from 2023 to 2025 under the neutral scenario, and photovoltaics will become the largest increase in POE demand. If the POE demand in other industries remains at 1.1-1.2 million tons, the global POE demand under the neutral scenario in 2023 will be 1.42-1.52 million tons, may reach 1.76-1.86 million tons in 2024, and 2.28-2.38 million tons in 2025.
Due to the patent protection of metallocene catalysts by overseas companies and the lack of self-sufficiency in high-carbon alpha olefins, POE has not yet been domestically produced. Under the patent protection of metallocene catalysts by overseas companies and the blockade of the production process of high-carbon alpha olefins, the current production technology of POE is concentrated in overseas companies Dow, Mitsui, LG, ExxonMobil, SK/Sabic, all types The annual production capacity of POE can reach approximately 2 million tons. Among them, Dow's production capacity reaches about 1 million tons, accounting for about 50%.
With the exception of the BIO project, the Wanhua Chemical project is progressing rapidly, while other projects are progressing relatively slowly. Wanhua Chemical's 200,000 tons/year POE device is planned to be put into operation in the first and second quarters of 2024. It is also one of the projects currently progressing rapidly. The Beoyi project is expected to be put into trial operation in early 2024 and initially return to normal in 2025.
In addition, the satellite Huaxing 100,000 tons/year POE device is initially planned to reach production in mid-to-late 2024. The project is currently in the early construction stage and is very likely to be delayed. Maoming Petrochemical's 50,000 tons/year POE device is planned to be put into operation in 2025, and is currently in a relatively early stage. Tianjin Petrochemical's 100,000 tons/year POE device is planned to be put into trial operation in late 2024, with preliminary plans to resume normal production in 2025. The first phase of the Levima Wison (Jiangsu) New Materials Co., Ltd., a joint venture between Wison and Levima, is scheduled to be put into operation in 2026. The project is currently in an early stage. Jintang New Materials’ 300,000 tons/year POE device is planned to be put into trial production around 2025, but there is a high probability of delay.
In addition, there are many POE chemical projects, most of which are second- and third-phase planned projects with existing POE devices. Most of these projects will be put into production after 2026. It is doubtful whether such projects can truly reach production.