[Industry Focus]：China's chemical industry segment in the field of "invisible champion" market point

The chemical industry is known for its high degree of complexity and diversity, which has led to relatively low information transparency in China's chemical industry, especially at the end of the industry chain, which is often little known. In fact, many sub-sectors of China's chemical industry are pregnant with their own "hidden champions". Today, we will review the less well-known "industry leaders" in China's chemical industry from an industry perspective ".

qixiang Tengda is a giant in the field of C4 deep processing in China. The company has 4 sets of butanone plants with a total production capacity of 260000 tons/year, which is more than twice the 120000 tons/year plant capacity of Anhui Zhonghuifa New Materials Co., Ltd. In addition, Qixiang Tengda also has an annual output of 150000 tons of n-butene butadiene plant, a set of annual output of 200000 tons of C4 alkylation plant, and a set of annual output of 200000 tons of n-butane maleic anhydride plant, its main business to C4 as raw material for deep processing.

C4 deep processing is an industry that comprehensively utilizes C4 olefins or alkanes as raw materials for the development of downstream industrial chains. This field determines the future direction of the industry, mainly involving butanone, butadiene, alkylate oil, sec-butyl acetate, MTBE and other products. Qixiang Tengda is the largest C4 deep processing enterprise in China, and has important influence and pricing power in the industry with its butanone products.

In addition, Qixiang Tengda also actively expand the C3 industry chain, involved in propylene oxide, PDH, acrylonitrile and other products, and with Tianchen joint venture to build China's first set of butadiene method adiponitrile plant.

dongyue Fluorine Silicon Technology Group Co., Ltd., referred to as Dongyue Group, headquartered in Zibo, Shandong, is one of the largest fluorine material manufacturing enterprises in China. Dongyue Group has established a first-class fluorine-silicon material industrial park in the world, with a complete fluorine, silicon, membrane, hydrogen industry chain and industrial cluster. The company's main business areas include the development and production of new environmentally friendly refrigerants, fluorine-containing polymer materials, silicone materials, chlor-alkali ion-exchange membranes and hydrogen fuel proton exchange membranes.

Dongyue Group has five branches, namely Shandong Dongyue Chemical Co., Ltd., Shandong Dongyue Polymer Materials Co., Ltd., Shandong Dongyue Fluorosilicone Materials Co., Ltd., Shandong Dongyue Silicone Materials Co., Ltd. and Shandong Huaxia Shenzhou New Materials Co., Ltd. These five branches cover the manufacture of fluorine materials and related products.

Shandong Dongyue Chemical Co., Ltd. mainly produces two vice monochloromethane, difluoromethane, difluoroethane, tetrafluoroethane, pentafluoroethane, difluorochloroethane and other fluorine-containing chemicals. Shandong Dongyue Polymer Materials Co., Ltd. specializes in the production of PTFE, pentafluoroethane, hexafluoropropylene, heptafluoropropane, octafluorocyclobutane, fluorine release agent, perfluoropolyether, water-based rich high-capacity sewage resin and other products, covering a variety of product types and models.

xinjiang Zhongtai Chemical is one of the largest salt chemical production enterprises in China. The company has a PVC production capacity of 1.72 million tons/year, which is one of the largest manufacturers in China, and has a caustic soda production capacity of 1.47 million tons/year. It is also one of the largest caustic soda manufacturers in China.

The main products of Xinjiang Zhongtai Chemical include polyvinyl chloride resin (PVC), ionic membrane caustic soda, viscose fiber, viscose yarn, etc. The company's industrial chain covers many fields, and is currently actively expanding the upstream raw material end production model. It is one of the important chemical production enterprises in Xinjiang.

donghua Energy is one of the largest PDH (propylene dehydrogenation) producers in China. The company has three production bases nationwide, namely Donghua Energy Ningbo Fuji Petrochemical 660000 tons/year unit, Donghua Energy Phase II 660000 tons/year unit and Donghua Energy Zhangjiagang Petrochemical 600000 tons/year unit, with a total PDH production capacity of 1.92 million tons/year.

PDH is a process that dehydrogenates propane to produce propylene, and its capacity is also equal to the maximum capacity of propylene. Therefore, Donghua Energy's propylene production capacity has also reached 1.92 million tons/year. In addition, Donghua Energy has also built a 2 million-ton/year plant in Maoming, which is scheduled to be put into production in 2026, and the second-phase PDH plant in Zhangjiagang, with an annual output of 600000 tons. If these two sets of devices are completed, Donghua Energy's PDH production capacity will reach 4.52 million tons/year, which will always be the largest in China's PDH industry.

zhejiang Petrochemical is one of the largest local refineries in China. The company has two sets of primary processing units with a total production capacity of 40 million tons/year, and is equipped with a 8.4 million-ton/year catalytic cracking unit and a 16 million-ton/year reforming unit. It is China's largest single set of oil refining and the largest supporting scale of the industrial chain. One of the local oil refining enterprises. With its huge refining capacity, Zhejiang Petrochemical has formed a number of integrated chemical projects, and the industrial chain is very complete.

In addition, China's largest single-set refining capacity enterprise is Zhenhai Refining and Chemical, with an annual production capacity of 27 million tons/year for its primary processing units, including a 6.2 million-ton/year delayed coking unit and a 7 million-ton/year catalytic cracking unit. The company's downstream industry chain is very refined.

wanhua Chemical is one of the enterprises with the highest rate of fine chemical industry in China. Its foundation is polyurethane, which extends to hundreds of chemicals and new material products, and has achieved extensive development of the entire industry chain. The most upstream includes PDH and LPG cracking units, while the downstream extends to the final market such as polymer materials.

Wanhua Chemical has a PDH unit with an annual output of 750000 tons and an LPG cracking unit with an annual output of 1 million tons to ensure the supply of raw materials. Its representative products include TPU, MDI, polyurethane, isocyanate series, polyethylene and polypropylene, etc., and it is also constantly building new projects, such as carbonate series, pure dimethylamine series, high-carbon alcohol series, etc., to continuously expand the breadth and depth of the industrial chain.

in the fertilizer industry, Guizhou phosphating can be called one of the largest related production enterprises in China. The company covers mining and dressing, special fertilizers, high-end phosphates, phosphorus-based batteries and other products. Among them, the annual production capacity of diammonium phosphate reaches 2.4 million tons. It is one of the largest fertilizer manufacturers in China.

It should be noted that Hubei Xiangyun Group is leading in the production capacity of monoammonium phosphate, with an annual production capacity of 2.2 million tons.

xingfa Group is China's largest fine phosphorus chemical production enterprise, founded in 1994, headquartered in Hubei, with a number of production bases, such as Guizhou Xingfa, Inner Mongolia Xingfa, Xinjiang Xingfa and so on.

Xingfa Group is the largest phosphorus chemical production base in Central China and one of the largest sodium hexametaphosphate manufacturers in the world. At present, the enterprise has a variety of products such as industrial grade, food grade, toothpaste grade and feed grade, including an annual production capacity of 250000 tons of sodium tripolyphosphate, 100000 tons of yellow phosphorus, 66000 tons of sodium hexametaphosphate, 20000 tons of dimethyl sulfoxide, 10000 tons of sodium hypophosphite, 10000 tons of phosphorus pentasulfide and 10000 tons of sodium acid pyrophosphate.

according to the data of China Chemical Fiber Industry Association, Zhejiang Hengyi Group Co., Ltd. ranked first in China's polyester production ranking in 2022, which is the largest output among China's polyester production enterprises, and the second is Tongkun Group Co., Ltd.

According to relevant data, the subsidiaries of Zhejiang Hengyi Group include Hainan Yisheng, whose annual output is as high as 2 million tons/year polyester bottle device, and Haining Hengyi New Material Co., Ltd., whose annual output is as high as 1.5 million tons/year Polyester filament device.

according to data released by the China Chemical Fiber Industry Association, Tongkun Group will be the company with the largest chemical fiber output in China in 2022. It ranks first among China's chemical fiber manufacturers and the world's largest polyester filament manufacturer. It is Zhejiang Hengyi Group Co., Ltd.

Tongkun Group has a polyester filament production capacity of about 10.5 million tons/year. Its main products include POY, FDY, DTY, ITY, medium-strength filament and composite filament, with a total of more than 1000 different varieties. It is known as "Wal-Mart of polyester filament" and is widely used in clothing, home textile and other fields.