The hottest specialty chemicals have become a hot

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Special chemicals have become a hot spot for well-known enterprises to invest in China

Kline, a consulting company, said in late September 2009 that China is now the second largest special chemicals market after the United States. Klein predicts that China's specialty chemicals will grow at an annual rate of more than 20% in the next five years

it is estimated that in 2008, China's special chemicals market was about 175 billion US dollars (123 billion euros), accounting for less than 40% of China's chemical market share. At present, in developed countries, special chemicals account for 60% to 70% of the chemical market. Therefore, there is still much room for the development of special chemicals in China

Klein predicts that China will add 500million consumers from 2005 to 2020. The commodities favored by these consumers, such as lightweight automobiles, high-quality pharmaceuticals and building materials for energy-efficient buildings, are basically produced in China, which requires local special chemicals. It is precisely because of this development opportunity that some multinational companies have taken active action in China, providing customers with the latest technology of special chemicals and global quality and environmental protection standards, investing in R & D centers and production facilities, and taking investment in China as an integral part of their growth strategy

BASF: an example of the accelerated development of China's special chemical industry relying on the Yangba action is that Yangba company, a joint venture between BASF and China Petrochemical Corporation (Sinopec) in Nanjing, decided to expand in July this year. BASF and Sinopec will invest US $1.4 billion to produce downstream specialty chemicals for the Chinese market using modern technology

this investment includes: expanding the existing 600000 T/a ethylene plant to 740000 T/A in 2011; The existing ethylene oxide unit will be expanded by 80000 tons/year, and a new ethylene oxide purification unit will be built; New 80000 T/a butylene glycol ether unit, 60000 T/a non-ionic surfactant unit and new amine combined unit will be built to produce ethanolamine, vinyl amine and dimethyl ethanolamine; New dimethylaminoethyl acrylate (dma3) plant; Newly built 6 should be operated according to the operating instructions on the manual. 10000 tons/year, it is best to ensure that the temperature of the engine compartment is high, and the super absorbent resin device; Expand the existing propionic acid and acetaldehyde plants; Expand the existing 250000 T/a carbonyl C4 plant to 300000 t/A; Develop integrated C4 combined units, including 100000-120000 T/a butadiene extraction unit, 120000 T/a 2-propyl heptanol unit, 80000 T/a isobutene extraction unit and 50000 characterization and engineering utilization; T/a high activity polyisobutylene plant

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Acoma: the pace of investment has accelerated

in addition to BASF, French specialty chemicals giant Acoma has also accelerated its pace in China's specialty chemicals market. In September, 2007, the company and Daikin established a joint venture in Arkema Changshu production base to produce refrigerant pentafluoroethane (hfc-125). Arkema has invested US $400million in this project, and the designed annual capacity of the device is 15000 tons, which is planned to be put into operation in 2010

In July, 2009, Arkema announced that it would invest 15million euros to build a new special acrylic polymer device in its Changshu production base, aiming at the rapidly growing coating, mining processing, construction and paper markets. The unit is expected to be put into operation in the middle of 2011. Akoma said that the new plant will enhance its industrial platform in Changshu and enhance its competitiveness in acrylic acid and its downstream products business

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