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1. Propylene Derivatives Market Oversupply Background
in recent years, with the integration of refining and chemical, PDH and downstream industrial chain projects put into production in batches, the key downstream derivatives market of propylene has generally fallen into the dilemma of oversupply, resulting in the profitability of related enterprises has been greatly compressed. However, in this context, the butyl octanol market has shown a relatively optimistic development trend and has become the focus of market attention.
Progress of 500000 Tons/Year Butanol Project in Zhangzhou Gulei, 2.
On November 15, Zhangzhou Gulei Development Zone issued a public announcement to publicize the social stability risk of the 500000-ton/year butyl octanol and raw material supporting project integration project of Longxiang Hengyu Chemical Co., Ltd. The project is located in Zhangzhou Gulei Port Economic Development Zone, covering an area of about 789 mu. It is planned to build a number of production units including 500000 tons/year butyl octanol. The construction period is from March 2025 to December 2026.
Progress of Guangxi Huayi New Material 320000 Tons/Year Butyl Octanol Project in 3.
On October 11, the basic engineering design review meeting of 320000 tons/year butyl octanol and acrylate project of Guangxi Huayi New Materials Co., Ltd. was held in Shanghai. The project is located in the Petrochemical Industrial Park of Guangxi Qinzhou Port Economic and Technological Development Zone, covering an area of 160.2 acres. The main construction content includes 320000 tons/year butyl octanol plant and 80000 tons/year isooctyl acrylate plant. The construction period of the project is 18 months, and it is expected that the market supply of butyl alcohol will be significantly increased when it is put into operation.
Overview of Butanol Project of 4. Fuhai Petrochemical Company
on May 6, the social stability risk analysis report of "demonstration project of low carbon reconstruction and comprehensive utilization of aromatic hydrocarbon raw materials" of Fuhai (Dongying) Petrochemical Technology Co., Ltd. carried out public participation information publicity. The project includes 22 sets of process units, of which the 200000-ton butyl octanol unit is an important component. The total investment of the project is as high as 31.79996 billion yuan. It is planned to be built in Dongying Port Chemical Industry Park, covering an area of about 4078.5 mu.
Cooperation between 5. Bohua Group and Yanan Nenghua Butanol Project
on April 30, Tianjin Bohai Chemical Group and Nanjing Yanchang Reaction Technology Research Institute Co., Ltd. signed a butyl octanol technical cooperation agreement; on April 22, Shaanxi Yanchang Petroleum Yan'an Energy and Chemical Co., Ltd. carbon 3 carbonylation deep processing project feasibility study The report expert review meeting was held in Xi'an. Both projects aim to improve the production efficiency and product quality of butyl octanol through technological innovation and industrial upgrading. Among them, Yan'an Energy Company project will rely on the existing propylene and synthesis gas production of octanol, to achieve the propylene industry's strong chain, complementary chain.
6. Haiwei Petrochemical and Weijiao Group Butyl Octanol Project
on April 10, Nanjing Yanchang Reaction Technology Research Institute Co., Ltd. and Haiwei Petrochemical Co., Ltd. signed a cooperation agreement on the project of "single-line 400000 tons of micro-interface butyl octanol. The project adopts the world's most advanced butyl octanol production process package technology, and achieves high-efficiency, low-carbon and green technology upgrades. At the same time, during the centralized completion of key projects in Zaozhuang City on July 12, the 250000-ton/year butyl octanol plant built by Shandong Weicao Group Xuecheng Energy Co., Ltd. also attracted much attention.
7. Rongsheng Inner Mongolia Coal Butanol-Octanol Project
on July 3, Rongsheng Energy Technology (Inner Mongolia) Co., Ltd. submitted the coal-to-octyl alcohol and acetate project for approval. The total investment of the project is about 20.08 billion yuan, and the planned construction period is from July 1, 2025 to June 30, 2029. The project will use coal as raw material to produce qualified syngas, CO, hydrogen and other raw materials through the coal gasification unit, and then synthesize butyl octanol products. The implementation of the project will not only improve the supply capacity of butyl octanol, but also focus on the development of downstream high-end derivative chemical products and new materials, and reduce the import dependence of high-end chemical products.
8. summary and prospect
in summary, although the propylene key downstream derivatives market is generally facing the dilemma of oversupply, the butyl octanol market has shown a relatively optimistic development trend. The promotion and implementation of several large-scale butyl octanol projects will further expand the market supply capacity and improve product quality and production efficiency.
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