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[Industry Focus]：Total investment 0.33 billion, 48000 tons of MIBK project a successful test run

Read： 205 Time：3months ago Source：Ruibai Group, Olefin Industry Innovation and Development Institute, Huayi World

On December 1, 2024, the annual output of 48000 tons of methyl isobutyl ketone (MIBK) project of Ruibai Group was successfully tested in Henan Ruibai!

According to Xu Xidong, general manager of Henan Ruibai, the project device adopts Li Changrong acetone one-step process, which has the advantages of high quality, short process, high conversion rate and low cost. After 12 months of relocation, construction and upgrading, the core device was successfully started from November 30 to December 1.

4.8万吨甲基异丁基酮（MIBK）项目.jpg

Henan Ruibo New Materials Co., Ltd. is a subsidiary of Ruibo Group, established in August 2020, located in the Chemical Industry Park of Yongcheng Economic and Technological Development Zone, Henan Province, mainly engaged in research and development, production and sales of new chemical materials. Due to environmental protection problems, Zhenjiang Li Changrong's 50000-ton/year MIBK plant will be permanently stopped on December 25, 2022. After comparison with many domestic and foreign enterprises, it finally chose to cooperate with Ruibo Group. Details of the project:

project Name: Henan Ruibo New Materials Co., Ltd. Annual Output of 48000 Tons of Methyl Isobutyl Ketone Co-production of 1050 Tons of Diisobutyl Ketone Project

construction unit: Henan Ruibo New Material Co., Ltd.

Construction nature: new

project investment: total investment 330 million yuan

construction period: 6 months

construction site: chemical industry park of Yongcheng economic and technological development zone. Henan ruibo new materials co., ltd. has reserved 5 vacant lots in the existing factory area, covering a total area of about 10685 m2, including 2730 m2 of MIBK unit area, 2155 m2 of MIBK tank area and pump area, and 5800m2 of 2# sewage treatment station

production scale: annual output of 48000 tons of methyl isobutyl ketone co-production of 1050 tons of diisobutyl ketone

MIBK Market Development Analysis

1. Supply and demand status of MIBK market

in recent years, the supply and demand structure of the MIBK market has changed significantly. In 2023, China's MIBK production fell sharply to 78500 tons, a decrease of 25.23 percent year-on-year. This decrease was mainly attributed to the permanent shutdown of the Li Changrong MIBK plant in Zhenjiang due to environmental problems, resulting in a sharp drop in domestic supply. In the same period, the consumption reached 109500 tons, forming a gap between supply and demand, which was mainly supplemented by imports.

2. Capacity changes and supply patterns

entering 2024, domestic MIBK production capacity has increased sharply. In July, Anhui Zhonghuifa was put into production, and with the production capacity of Henan Ruibai, the effective production capacity of the national MIBK industry has reached 210000 tons. Among them, the operating capacity is 159500 tons, and the operating rate remains at a high level of about 75.96. From the perspective of device operation, the production devices of most MIBK enterprises run smoothly and the production capacity is effectively released. However, the installation of an enterprise in Hunan has been suspended for some reason, and there is no restart plan for the time being, which has affected the supply pattern of MIBK market to a certain extent and aggravated the imbalance between supply and demand.

3. Market prices and downstream demand

at present, the imbalance between supply and demand in the MIBK market has led to continued low market prices. The purchasing mood of downstream enterprises is low, and the demand for MIBK continues to be weak. The strategy of "buy-to-use" is adopted to avoid inventory backlog. This weak state of demand further adds to the downward pressure on the MIBK market. At the same time, the weak performance of the market price of raw material acetone also puts greater pressure on the cost side of MIBK production. Under the double pressure, the profit margin of MIBK enterprises has been greatly compressed, and the profit margin is extremely limited. At present, MIBK's profit level is only 111 yuan/ton, which shows the severe challenge of the current market environment to MIBK enterprises.

4. Future market outlook

with the commissioning of new devices and the continued weakness of downstream demand, the downward pressure on MIBK market prices will further increase. In the future, MIBK companies need to pay close attention to market dynamics, strengthen cost control, and improve product quality and service levels to cope with fierce market competition.

Source: Ruibai Group, Olefin Industry Innovation and Development Institute, Ease of the World.

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