China’s oil refining capacity is surplus by 100 million tons, the petrochemical industry is expected to maintain 4% -5% growth rate

China ‘s oil refining capacity is surplus of over 100 million tons

Refineries need to be upgraded from fuel to chemical sodium selenite

At present, China’s oil refining industry overcapacity problems, some production capacity is facing exit or transition options. Recently held in Shanghai, China’s third session of the Forum on Sustainable Development of Petroleum and Chemical, experts believe that China’s oil demand growth slowed significantly, but aromatic and olefins and other basic organic chemical raw materials are still a large shortage of oil companies called for “fuel Type “to” chemical “transformation and upgrading.

Petroleum and Chemical Industry Planning Institute Vice President Bai Yi said that in accordance with the global refining business average operating rate of 83%, China’s refining capacity over 100 million tons; if China’s annual refined oil consumption of 315 million tons, 65% of the finished oil Rate and 80% of the operating rate calculation, the rational allocation of refining capacity of 610 million tons per year. At present, China’s existing refining capacity of 748 million tons per year, an annual surplus of 138 million tons. At present, China’s refining industry overcapacity rate of about 13% to 18%.Stannous sulphate

Taking into account the future of domestic economic growth rate, car ownership, natural gas and electric vehicle replacement and other factors, is expected in 2020 domestic demand for refined oil 370 million tons, an average annual growth rate of about 3.5%, according to 65% of refined oil Yield and 80% of the operating rate calculation, when the rational allocation of refining capacity should be 710 million tons per year, is expected in 2020 the national refining capacity of 820 million tons per year, when the excess capacity will remain at 110 million tons, the excess situation is still grim.

With the recent years, China’s crude oil imports “two rights” on the non-state oil refining enterprises gradually open, local refining capacity to be further released. As of the end of 2016, the state of 22 local refineries issued 8193 million tons of crude oil use quota, the local refinery operating rate rising. The trend of diversification of competition in the oil refining market is more obvious. At the same time, with the domestic refined oil pricing mechanism continues to improve, the oil market process gradually accelerated, local refineries with the price advantage and the flexibility of its business, multi-directional expansion of oil sales channels, refined oil market share steadily, Refinery in the impact of this share continue to decline, the domestic refined oil market competition is more intense.Bacillus thuringiensis

On the one hand, oil refining capacity has been expanding, on the other hand, China’s refined oil demand growth has gradually slowed down. China’s refined oil consumption in 2816 28.98 million tons, an increase of 5.0%, of which gasoline rose 12.3%, diesel fell 1.2%.

The development of alternative fuels will intensify competition in the domestic refined oil market. In recent years, the rapid development of alternative fuels, domestic transport alternative presents a diversified trend, and gradually formed a natural gas-based, electric vehicles, methanol, bio-fuels and coal oil and other energy development pattern. Although the new energy vehicle subsidies continue to recede, but the concept of low-carbon environmental protection and technological performance continues to make new energy vehicles are still full of charm.Sodium Molybdate

Independent new energy vehicles brand cloud of new energy vehicles, general manager of Liu Xinwen optimistic about the prospects for new energy vehicles. He said that the new energy vehicles have been deeply integrated into people’s daily lives. From a technical perspective, this is a new area, China’s own electric vehicle technology and international traditional car prices are not much difference, not afraid of international competition.

Experts believe that in the domestic refining capacity of a serious surplus, refined oil demand growth slowed sharply, but aromatics and olefins and other basic organic chemical raw materials are still a large number of shortages in the context of China’s oil refineries from the “fuel” to “chemical” transformation and upgrading Is the trend of the trend.

Bai Yi is expected to maintain long-term international oil prices in the $ 50 to $ 60 a barrel between the expected “13th Five-Year” period of China’s petrochemical industry to maintain the growth rate of 4% to 5%, and to speed up structural adjustment.Gamma-PGA (gamma polyglutamic acid)

“The current capacity of pure oil refining capacity must be cautious.” Bai Yi said that the current trend of China’s petrochemical industry, industrial restructuring trend is long-term, but also urgent, is expected in the “three five” during the adjustment will further accelerate the pace. In the future, the task of the oil refining industry will gradually shift from large-scale production of refined oil to meet the market demand for high-quality clean oil at the same time, as much as possible to increase the proportion of basic chemical raw materials such as olefins and aromatics, that downstream high-end new materials, special chemicals and Fine chemical industry development to provide more high-quality raw material security, so as to further expand the development of refining industry space, and promote the industry’s quality and efficiency and transformation and upgrading.

Experts also proposed to strengthen China’s new chemical materials and high-end special chemicals R & D and production. Bai Yi said that the development direction of high-end specialty chemicals is high performance and environmental protection. High-end specialty chemicals account for about 30% of the total amount of specialty chemicals, of which about 1/3 of imports.