In the first half of the year, the economic recovery process was relatively slow, resulting in the downstream consumer market failed to reach the previous expected level, which caused a certain degree of impact on the domestic epoxy resin market, showing a weak and downward trend as a whole. However, with the advent of the second half of the year, the situation has changed. In July, the market price of epoxy resin remained at a high level, and after rising rapidly in the first half of the month, it began to show a volatile trend. In August, the price of raw materials such as bisphenol A and epichlorohydrin experienced some fluctuations, but the price of epoxy resin was supported by the cost of raw materials, remained relatively high, and fell slightly near the end of the month. However, entering the golden autumn in September, the price of double raw materials rose, increasing the cost pressure, causing the price of epoxy resin to rise again. In addition, in terms of projects, the growth rate of new projects has slowed down in the second half of the year, especially the proportion of new projects of special epoxy resin has gradually increased. At the same time, there are also many projects to be put into production. These projects adopt a more comprehensive device integration scheme, making the supply of epoxy resin raw materials more adequate.
After entering the second half of the year, new projects related to the epoxy resin industry chain and related developments: industry chain new project
1. Biodiesel Leading Company Invests 50000 Tons of Epichlorohydrin Project
longyan Zhishang New Materials Co., Ltd. plans to invest 1,100 million yuan for the co-production of epichlorohydrin in halogenated new materials. The project includes production lines for bio-based plasticizers, power battery electrolyte additives, epichlorohydrin and other products, as well as waste salt comprehensive utilization of ionic membrane caustic soda plant. Once completed, the project will produce 50000 tons of epichlorohydrin and other products annually. The company's parent company, Excellence New Energy, is also laying out 50000 tons of epoxy resin and modified epoxy resin projects.
2. Leading Enterprises Expand 100000 Tons/Year Epichlorohydrin Production Capacity
fujian Huanyang New Materials Co., Ltd. plans to carry out 240000 tons/year epoxy resin integrated circular economy technological transformation, while expanding 100000 tons/year epichlorohydrin plant. This demonstration project has entered the stage of public participation in environmental impact assessment. The total investment of the project will reach 153.14 million yuan, and the new 100000 tons/year epichlorohydrin production plant will be built within the scope of the existing 100000 tons/year epichlorohydrin plant.
3.100000 tons of industrial refined glycerin co-production of 50000 tons of epichlorohydrin project
shandong Sanyue Chemical Co., Ltd. plans to carry out an annual output of 100000 tons of industrial refined glycerin co-production of 50000 tons of epichlorohydrin project. The total investment of the project is expected to reach 371.776 million yuan. After the construction of the project, the annual output of 100000 tons of industrial refined glycerin and 50000 tons of epichlorohydrin will be produced.
4.50000 tons of epoxy resin, 30000 tons of environmental protection solvent project publicity
the environmental protection solvent and epoxy resin project of Shandong Minghoude New Energy Technology Co., Ltd. has entered the stage of accepting environmental impact assessment documents. The project plans to invest 370 million yuan and will produce 30000 tons of environmentally friendly solvents upon completion, including 10000 tons/year isopropyl ether, 10000 tons/year propylene glycol monomethyl ether acetate (PMA), 10000 tons/year epoxy resin diluent, and 50000 tons of epoxy resin, including 30000 tons/year epoxy acrylate, 10000 tons/year solvent epoxy resin and 10000 tons/year brominated epoxy resin.
5. Annual output of 30000 tons of electronic epoxy potting material, epoxy curing agent project publicity
anhui Yuhu Electronic Materials Co., Ltd. plans to carry out an annual output of 30000 tons of electronic epoxy potting material and epoxy curing agent and other new electronic materials projects. The project plans to invest 300 million yuan and will produce 24000 tons of epoxy potting material and 6000 tons of epoxy curing agent and other new electronic materials to meet the needs of the electronics industry.
6. Dongfang Feiyuan 24000 Tons/Year Wind Power Epoxy Resin Curing Agent Project Publicity
dongfang Feiyuan (Shandong) Electronic Materials Co., Ltd. plans to build an annual output of 24000 tons of wind power epoxy resin curing agent project. The project will produce curing agents and use raw material D (polyetheramine D230), raw material E (isophorone diamine), and raw material F (3,3-dimethyl-4,4-diaminodicyclohexylmethane). The investment and construction of the project will be carried out in the new curing agent production unit area and supporting raw material tank area.
7.20000 tons/year electronic grade epoxy resin project publicity
the new electronic material project of Anhui Jialan New Material Co., Ltd. plans to build an annual output of 20000 tons of electronic grade epoxy resin. The project will invest 360 million billion yuan in construction to meet the needs of the domestic electronics industry.
8. 6000 tons/year special epoxy resin project publicity
tielong High-tech Materials (Hebei) Co., Ltd. plans to invest 102 million yuan to build a project with an annual output of 6000 tons of high-performance special epoxy resin. The products of the project include 2500 tons/year alicyclic epoxy resin series, 500 tons/year multifunctional epoxy resin series, 2000 tons/year mixed epoxy resin, 1000 tons/year mixed curing agent and 8000 tons/year sodium acetate aqueous solution.
9.50000 tons/year liquid brominated epoxy resin project EIA publicity
shandong Tianchen New Materials Technology Co., Ltd. plans to build an annual output of 10,000 tons of decabromodiphenyl ethane and 50,000 tons of liquid brominated epoxy resin project. The total investment of the project is 819 million yuan and will include a decabromodiphenyl ethane preparation unit and a brominated epoxy resin preparation unit. The project is expected to be completed by December 2024.
10. Jiangsu Xingsheng Chemical 8000 Tons Functional Brominated Epoxy Resin Project
xingsheng Company plans to invest 100 million yuan to carry out an annual output of 8,000 tons of functional brominated epoxy resin project. The project will add capacity, including 6,000 tons of cycloaliphatic epoxy resin per year, 2,000 tons of multifunctional epoxy resin per year, 1,000 tons of compounded epoxy resin per year, and 8,000 tons of aqueous sodium acetate solution per year.
New developments in the project
1. Zhejiang Hongli Launches 170000 Tons of Photoelectric Special Epoxy Resin Project
on the morning of July 7, Zhejiang Hongli Electronic Materials Co., Ltd. held the opening ceremony of the project with an annual output of 170000 tons of photoelectric special epoxy resin and its functional materials. With a total investment of 7.5 billion yuan, the project mainly produces epoxy resin and its functional materials, which are widely used in aviation, electrical appliances, electronics, petrochemical, shipbuilding, construction industry and other fields of national economy and national defense construction. After the project reaches production, it will produce 132000 tons of non-solvent epoxy resin, 10000 tons of solid epoxy resin, 20000 tons of solvent epoxy resin and 8000 tons of polyamide resin per year.
2. Baling Petrochemical successfully launched electronic grade phenolic epoxy resin thousand-ton pilot plant
at the end of July, the resin department of Baling Petrochemical Company started the electronic grade phenolic epoxy resin kiloton pilot plant, which was successfully started at one time. Baling Petrochemical Company has formed a one-stop production and marketing layout of o-cresol aldehyde, phenol phenolic aldehyde, DCPD (dicyclopentadiene)-phenol, phenol-biphenylene epoxy resin, etc. With the increasing demand for phenolic epoxy resins in the electronics industry, the company has remodeled a pilot production plant for kiloton phenolic epoxy resins to meet the production needs of multiple models of electronic grade phenolic epoxy resins.
3. Fuyu Chemical's 250000 tons of phenol acetone and 180000 tons of bisphenol A projects have entered the stage of full installation.
With a total investment of 2.3 billion yuan, Fuyu Chemical's Phase I project is under construction with an annual output of 250000 tons of phenol acetone and 180000 tons of bisphenol A and related facilities. At present, the project has entered the stage of full installation and is expected to be completed and put into operation before the end of the year. In addition, the second phase of Fuyu Chemical's project will invest 0.9 billion yuan to extend the chain and supplement the chain of phenol and acetone, and build high value-added new materials such as isophorone, BDO, and hydroquinone. It is expected to be put into production in the second half of next year.
4. Zibo Zhengda Completed 40000 Tons of Polyether Amine Project and Passed Environmental Protection Acceptance
on August 2, Zibo Zhengda New Material Technology Co., Ltd.'s annual output of 40000 tons of terminal amino polyether (polyether amine) construction project passed the environmental protection acceptance monitoring report. The total investment of the project is 58 million yuan, and the products produced include ZD-123 model (annual output of 30000 tons), ZD-140 model (annual output of 5,000 tons), ZT-123 model (annual output of 2,000 tons), ZD-1200 model (annual output of 2,000 tons), ZT-1500 model (annual output of 1,000 tons) and other polyether amine products.
5. Puyang Huicheng Suspends Implementation of Some Projects
puyang Huicheng Company issued a notice on the suspension of the implementation of some of the fund-raising investment projects. The company plans to suspend the implementation of the "functional material intermediate project", which includes "3000 tons/year hydrogenated bisphenol A project" and "200 tons/year electronic chemicals project". This decision is mainly influenced by objective factors such as socio-economic, domestic and foreign macro-environmental uncertainty, as the downstream industry's demand and willingness for high-end alternative products is currently weakening in stages.
6. Henan Sanmu plans to test-produce 100000 tons of epoxy resin in September
henan Sanmu Surface Material Industrial Park Co., Ltd.'s 100000-ton epoxy resin production line equipment installation has entered the final stage, and it is planned to start commissioning and production in September. The total investment of the project is 1.78 billion yuan, divided into two phases of construction. The first phase of the project will produce 100000 tons of epoxy resin and 60000 tons of phthalic anhydride, and the second phase of the project will produce 200000 tons of synthetic resin products annually.
7. Tongling Hengtai electronic grade epoxy resin trial production success
tongling Hengtai Company's first-phase 50000-ton electronic-grade epoxy resin production line has entered the trial production stage. The first batch of products have passed the test and the trial production has been successful. The construction of the production line will start in October 2021, and the construction of the second 50000-ton electronic-grade epoxy resin production line is expected to start in December 2023, with an annual output of 100000 tons of electronic-grade epoxy resin products.
8. Hubei Jinghong Biological 20000 Tons/Year Epoxy Resin Curing Agent Project Completion Acceptance
the 20000-ton/year epoxy resin curing agent project of Hubei Jinghong Biotechnology Co., Ltd. has been completed.
Guard acceptance and commissioning publicity. The investment of the project is 12 million yuan, 6 new curing agent production lines will be built, and auxiliary facilities such as storage and transportation equipment and waste gas treatment will be built at the same time. The products produced by the project include epoxy floor curing agent and US joint agent.
9. The installation of equipment for Longhua New Material Project with an annual output of 80000 tons of amino-terminated polyether has been basically completed.
Longhua New Materials said that the company's 80000-ton end amino polyether project has completed the basic works of civil engineering, plant construction and equipment installation, and is currently carrying out process pipeline piping and other work. The total investment of the project is 0.6 billion yuan, the construction period is 12 months, and it is expected to be completed in October 2023. After all the projects are completed and put into operation, the annual operating income is about 2.232 billion yuan, and the total annual profit is 0.412 billion yuan.
10. Shandong Ruilin Starts 350000 Tons of Phenol Ketone and 240000 Tons of Bisphenol A Project
on August 23, Shandong Ruilin Polymer Materials Co., Ltd. held the commencement ceremony of the green low-carbon olefin integration project. The total investment of the project is 5.1 billion yuan, adopts international leading technology, mainly produces phenol, acetone, propylene oxide and other products, with high added value and strong market competitiveness. It is expected that the project will be completed and put into operation by the end of 2024, which will drive revenue of 7.778 billion yuan and increase profits and taxes of 2.28 billion yuan.
11. Shandong Sanyue Completed 160000 Tons/Year Epichlorohydrin Project and Publicized Environmental Protection Acceptance
at the end of August, the second phase of the 320000 tons/year epichlorohydrin project of Shandong Sanyue Chemical Co., Ltd., with an annual output of 160000 tons/year epichlorohydrin, has completed the environmental protection acceptance announcement. The total investment of the project is 800 million yuan. The second phase of the main project includes a production unit area and two production lines have been built. The production capacity of each production line is 80000 t/a, and the total production capacity is 160000 t/a.
12. Kangda New Material plans to acquire Dalian Qihua, layout of key raw materials and copper cladding areas.
On August 26, Kangda New Materials Co., Ltd. deliberated and passed the "Proposal on Changing the Investment of Part of the Raised Funds for the Acquisition of Part of the Equity and Capital Increase of Dalian Qihua New Materials Co., Ltd.". Shanghai Kangda New Materials Technology Co., Ltd., a wholly-owned subsidiary of the company, will acquire the equity of Dalian Qihua New Materials Co., Ltd. and increase its capital. This will help the company control key raw materials, reduce comprehensive costs, and expand the strategic layout of copper clad laminate field on the basis of Dalian Qihua's low bromine epoxy resin technology.
13. Shandong Xinlong Completed Completion Acceptance of 10000 Tons of Epichlorohydrin Project
shandong Xinlong Group Co., Ltd. has an annual output of 10000 tons of epoxy helium propane and 200000 tons of hydrogen peroxide industry chain supporting construction projects, and has completed the completion acceptance publicity. This project is a key research and development plan (major scientific and technological innovation project) warehousing project in Shandong Province. It is jointly developed with Dalian Institute of Chemistry, Chinese Academy of Sciences. Compared with traditional devices, it can reduce 99% of wastewater and 100 of waste residue output. It is the first choice for green technology.
14. Gulf Chemical Starts 240000 Tons/Year Bisphenol A Project and Plans to Put It into Operation in October
on the morning of September 8, the unveiling of Qingdao Green low-carbon New Materials Industrial Park (Dongjiakou Park) and the completion and commissioning of the first batch of key projects were held in the Gulf Chemical Plant. With a total investment of 4.38 billion yuan, the bisphenol A project is a major preparation project in Shandong Province and a key project in Qingdao. It is planned to be put into trial operation in October. In addition, epichlorohydrin, epoxy resin, vinyl new materials and other incremental projects are also advancing simultaneously, is expected to be completed and put into production in 2024.
15. Baling Petrochemical Environmental Protection Epichlorohydrin Industrial Demonstration Project Main Building Capping
baling Petrochemical's annual output of 50000 tons of environmentally friendly epichlorohydrin industrial demonstration plant project has completed the capping of the main building. This is another important progress after the ceiling of the cabinet room on September 2, marking the completion of the construction of the main structure of the project. At present, the project is progressing in an orderly manner as planned, with a total investment of 0.5 billion billion yuan, and an annual output of 50000 tons of epichlorohydrin will be used for the epoxy resin production of Baling Petrochemical.
Source: epoxy resin and application
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