[Industry Focus]：The number of chemical projects under construction in China is nearly 2000. What are the main directions of the projects?

In terms of China's chemical industry and bulk commodities, the number of new projects under construction is close to 2000, showing that China's chemical industry is still in a stage of rapid development. The construction of new projects not only has a decisive impact on the development speed of the chemical industry, but also reflects the vitality of economic growth. In addition, considering the large number of chemical projects under construction, it can be seen that China's chemical industry investment environment can meet the needs of most investors.

1. Shandong Province: Shandong Province has always been a major chemical province in the country. Although many refining enterprises have experienced elimination and integration, Shandong refining enterprises are currently undergoing "chemical industry chain transformation", choosing to rely on existing refining equipment for industrial extension, and applying for many chemical projects. In addition, Shandong Province has gathered a large number of production enterprises in the fields of medicine, plastic products, rubber products, etc., and such enterprises are also actively developing new projects. At the same time, Shandong Province is actively carrying out new energy transformation, and has approved many new energy-related projects, such as new energy battery supporting development projects and new energy vehicle supporting projects, which have promoted the transformation and development of Shandong's chemical industry.

2. Jiangsu Province: There are nearly 200 chemical projects under construction in Jiangsu Province, accounting for about 10% of the total number of projects under construction in China. After the "Xiangshui Incident", Jiangsu Province has relocated more than 20000 chemical companies. Although the local area has also raised the approval threshold and qualifications for chemical projects, its excellent geographical location and huge consumption potential have driven the chemical industry in Jiangsu Province. The speed of project construction. Jiangsu Province is the largest producer of pharmaceuticals and finished products in China, as well as the largest importer of chemicals in China, providing advantages on the consumer and supply side for the development of the chemical industry.

3. Xinjiang region: Xinjiang is the tenth province in the number of chemical projects under construction in China. The number of projects under construction in the future is close to 100, accounting for 4.1 percent of the total number of chemical projects under construction in China. Xinjiang is the region with the largest number of chemical projects under construction in Northwest China. More and more enterprises choose to invest in chemical projects in Xinjiang, on the one hand, because Xinjiang has low energy prices and favorable policy convenience, on the other hand, because the main consumer markets of Xinjiang chemical products are Moscow, Western Europe and other countries, choosing to develop differently from the mainland is an important strategic consideration for enterprises.

In terms of the number of projects, chemical and new energy-related projects account for the largest proportion, with the total number of projects approaching 900, accounting for about 44%. These items include but are not limited to MMA, styrene, acrylic acid, CTO, MTO, PO/SM, PTA, acetone, PDH, acrylonitrile, acetonitrile, butyl acrylate, crude benzene hydrogenation, maleic anhydride, hydrogen peroxide, dichloromethane, aromatic hydrocarbons and related, propylene oxide, ethylene oxide, caprolactam, epoxy resin, methanol, glacial acetic acid, dimethyl ether, petroleum resin, petroleum coke, needle coke, chloro base, naphtha, butadiene, ethylene glycol, formaldehyde, phenol ketone dimethyl carbonate, lithium hexafluorophosphate, diethyl carbonate, lithium carbonate, lithium battery separator materials, lithium battery packaging materials, etc. This means that the main development direction in the future will be more concentrated in the field of new energy and bulk chemicals.

There are some differences between the chemical projects under construction in different regions, which mainly rely on the local resource advantages. For example, Shandong focuses more on fine chemicals, new energy and related chemicals, as well as chemicals at the lower end of the oil refining industry chain; Northeast China focuses more on traditional coal chemical industry, basic chemicals and bulk chemicals; Northwest China mainly focuses on the deep processing of new coal chemical industry, calcium carbide chemical industry and coal chemical byproduct gas; south China is more concentrated in new materials, fine chemicals, electronic chemicals and related chemicals in the field of electronic and electrical. This difference reflects the respective characteristics and development priorities of the chemical projects to be under construction in the seven major regions of China.

From the perspective of the types of chemical industry invested and built in different regions, China's regional chemical projects have chosen differentiated development, no longer focusing on energy and policy advantages, and relying more on local consumption characteristics, and derived chemical structure. This is more conducive to the formation of regional structural characteristics of China's chemical industry, as well as the relationship between regional mutual supply of resources.

Source: Chemical Flathead Brother