Driven by the strong development momentum of the domestic economy, in the first half of this year, China's petroleum and chemical industries continued to develop rapidly. However, at the same time, factors such as excessive investment growth, shortage of resources, and increased environmental pressure have become bottlenecks affecting the sustained and rapid development of the entire industry.
Fast increase in investment increases risk of overcapacity In the first half of the year, the investment in fixed assets of the petroleum and chemical industries continued to grow rapidly, with an accumulated investment of 213.36 billion yuan, a year-on-year increase of 36.3%, and an accelerating growth rate. Among them, 3124 new projects were started, a year-on-year increase of 26.1%. Crude oil exploration and development and the progress of investment in crude oil processing projects accelerated. They completed RMB 67.1 billion and RMB 25.3 billion, respectively, a year-on-year increase of 25.6% and 66.7%. The investment in the rubber products industry, pesticide manufacturing industry, fertilizer manufacturing industry, and synthetic fiber manufacturing industry, where product supply and demand are basically balanced, grew rapidly, by 66.5%, 48.1%, 45.9%, and 171.1% respectively. From a national perspective, investment in Inner Mongolia, Fujian, Jiangxi, and Shanxi provinces has increased rapidly. Among them, Inner Mongolia actually completed an investment of 6.71 billion yuan in the first half of the year, an increase of 134.7% year-on-year, and Fujian, Jiangxi, and Shanxi also increased by 226.8%, 105.9%, and 101.2%, respectively. Most of the investments in Inner Mongolia and Shanxi are coal chemical projects.
The relevant person in charge of the China Petroleum and Chemical Industry Association stated that during the “10th Five-Year Plan†period, the efficiency of the entire chemical industry increased, causing the entire industry to set off an upsurge in capacity expansion, especially in areas with rich energy and resources in the Midwest. , but the product plan of the project built is basically the same. This trend may lead to the risk of excess capacity, aggravate the pressure on energy supply and environmental governance, and make it more difficult to adjust the industrial structure.
Bottlenecks in industry development constraints With the rapid development of the petroleum and chemical industries, the contradiction between resource shortages has become increasingly prominent and domestic resources have become increasingly difficult to support the rapid development of the industry. In 2005, China’s dependence on foreign crude oil exceeded 40%, and the dependence on synthetic resin was 44.1%. PTA’s foreign dependency was 54%, and natural rubber’s foreign dependency was 73.7%. Increasing environmental pressure is also a big issue that the petrochemical industry must face. According to statistics, last year the industry discharged more than 3 billion tons of industrial wastewater, 1.4 trillion cubic meters of industrial waste, and produced more than 84 million tons of industrial solid waste, which accounted for 16%, 7%, and 5 of the total industrial "three wastes" emissions respectively. %. High-energy and high-pollution industries such as synthetic ammonia, caustic soda, soda ash, calcium carbide and pesticides, dyes, and chromium salts are still being blindly expanded in many areas.
In addition, since 2003, international crude oil prices have continued to climb. This has led to the development of the petrochemical industry and its negative effects have gradually emerged. On the one hand, the cost has increased substantially, forcing price increases; on the other hand, price increases have weakened market demand, the space for price increases has narrowed, and industry profits have fallen. In the first quarter of this year, the national chemical market continued to slump, prices continued to drop, and profits in many industries fell compared to the same period last year. For example, the fertilizer manufacturing industry decreased by 4.7%, the basic chemical raw material manufacturing industry decreased by 10.9%, and the composite material manufacturing industry decreased by 49.8%. In the first half of this year, the national chemical industry's cost-to-cost margin was 5.3%, a year-on-year decrease of 0.46 percentage points. Except for individual sub-sectors such as pesticides, almost all chemical sub-sectors' cost-profit margins were lower than the same period of last year.
Breaking the bottleneck of the industry, the three "keys" eliminate bottlenecks that restrict the development of the petroleum and chemical industries. First, it is necessary to place energy conservation in a more prominent position. According to the data released by the National Bureau of Statistics in the first half of the year, the energy consumption per unit of GDP in the industry has actually increased by 3%. Therefore, it is very difficult for the industry to complete the task of reducing energy consumption by 4% this year. Yang Weicai, vice president of the China Petroleum and Chemical Industry Association, believes that the focus of energy and consumption reduction in the oil and chemical industry must be three-fold. The first is to focus on energy-saving work in high-energy-consuming industries such as synthetic ammonia, oil refining, ethylene, chlor-alkali, soda ash, calcium carbide, and yellow phosphorus. In particular, the calcium carbide, the national repeated orders, must be eliminated from the open type and capacity of 10,000 tons / year or less calcium carbide furnace. The second is to tie in with the country's efforts to save energy and reduce consumption of 340 companies involved in the petroleum and chemical industries in 1,000 key enterprises. Thirdly, during the “11th Five-Year Plan†period, the state introduced ten major energy-saving projects, which mainly involved the “excess and heat and pressure utilization projectsâ€, “saving and replacing petroleum projectsâ€, “motor system energy-saving projects†and the oil and chemical industry. Four items of energy system optimization (system energy-saving) project should be carefully organized and promoted in the industry. Secondly, the oil and chemical industry has become very urgent to do a good job of environmental protection. On July 11 this year, the results of the pollution investigation released by the State Environmental Protection Administration showed that 81.5% of the 7,555 chemical construction projects with a total investment of 1,015.26 billion yuan were placed in environmentally sensitive areas such as river waters and densely populated areas, of which 45% were major risks. source. Due to the historical debts, the imperfect anti-pollution measures and the unreasonable industrial layout, the oil and chemical industry has become an important reason for the sudden increase in environmental pollution accidents since last year.
The National "Eleventh Five-Year Plan" proposes that major pollutants should be reduced by 10%, which is an arduous task for the petroleum and chemical industries. To do a good job in the environmental protection of the petroleum and chemical industry, we must quickly rectify the projects that have hidden major environmental risks, supplement and improve the contents of environmental risk assessment, emergency response plans, emergency monitoring systems, and risk prevention measures, and the contents that are incomplete for historical reasons. Unreasonable parks and enterprises must undergo rectification through measures such as new belts, old buildings, relocations, closures, and industrial restructuring. Third, we must vigorously promote the petrochemical industry to take the road of circular economy. All industries and enterprises in the oil and chemical industry should be guided by the development of circular economy in the formulation of plans to effectively change the mode of growth, to the development of large-scale production, intensification, and industrialization.
Fast increase in investment increases risk of overcapacity In the first half of the year, the investment in fixed assets of the petroleum and chemical industries continued to grow rapidly, with an accumulated investment of 213.36 billion yuan, a year-on-year increase of 36.3%, and an accelerating growth rate. Among them, 3124 new projects were started, a year-on-year increase of 26.1%. Crude oil exploration and development and the progress of investment in crude oil processing projects accelerated. They completed RMB 67.1 billion and RMB 25.3 billion, respectively, a year-on-year increase of 25.6% and 66.7%. The investment in the rubber products industry, pesticide manufacturing industry, fertilizer manufacturing industry, and synthetic fiber manufacturing industry, where product supply and demand are basically balanced, grew rapidly, by 66.5%, 48.1%, 45.9%, and 171.1% respectively. From a national perspective, investment in Inner Mongolia, Fujian, Jiangxi, and Shanxi provinces has increased rapidly. Among them, Inner Mongolia actually completed an investment of 6.71 billion yuan in the first half of the year, an increase of 134.7% year-on-year, and Fujian, Jiangxi, and Shanxi also increased by 226.8%, 105.9%, and 101.2%, respectively. Most of the investments in Inner Mongolia and Shanxi are coal chemical projects.
The relevant person in charge of the China Petroleum and Chemical Industry Association stated that during the “10th Five-Year Plan†period, the efficiency of the entire chemical industry increased, causing the entire industry to set off an upsurge in capacity expansion, especially in areas with rich energy and resources in the Midwest. , but the product plan of the project built is basically the same. This trend may lead to the risk of excess capacity, aggravate the pressure on energy supply and environmental governance, and make it more difficult to adjust the industrial structure.
Bottlenecks in industry development constraints With the rapid development of the petroleum and chemical industries, the contradiction between resource shortages has become increasingly prominent and domestic resources have become increasingly difficult to support the rapid development of the industry. In 2005, China’s dependence on foreign crude oil exceeded 40%, and the dependence on synthetic resin was 44.1%. PTA’s foreign dependency was 54%, and natural rubber’s foreign dependency was 73.7%. Increasing environmental pressure is also a big issue that the petrochemical industry must face. According to statistics, last year the industry discharged more than 3 billion tons of industrial wastewater, 1.4 trillion cubic meters of industrial waste, and produced more than 84 million tons of industrial solid waste, which accounted for 16%, 7%, and 5 of the total industrial "three wastes" emissions respectively. %. High-energy and high-pollution industries such as synthetic ammonia, caustic soda, soda ash, calcium carbide and pesticides, dyes, and chromium salts are still being blindly expanded in many areas.
In addition, since 2003, international crude oil prices have continued to climb. This has led to the development of the petrochemical industry and its negative effects have gradually emerged. On the one hand, the cost has increased substantially, forcing price increases; on the other hand, price increases have weakened market demand, the space for price increases has narrowed, and industry profits have fallen. In the first quarter of this year, the national chemical market continued to slump, prices continued to drop, and profits in many industries fell compared to the same period last year. For example, the fertilizer manufacturing industry decreased by 4.7%, the basic chemical raw material manufacturing industry decreased by 10.9%, and the composite material manufacturing industry decreased by 49.8%. In the first half of this year, the national chemical industry's cost-to-cost margin was 5.3%, a year-on-year decrease of 0.46 percentage points. Except for individual sub-sectors such as pesticides, almost all chemical sub-sectors' cost-profit margins were lower than the same period of last year.
Breaking the bottleneck of the industry, the three "keys" eliminate bottlenecks that restrict the development of the petroleum and chemical industries. First, it is necessary to place energy conservation in a more prominent position. According to the data released by the National Bureau of Statistics in the first half of the year, the energy consumption per unit of GDP in the industry has actually increased by 3%. Therefore, it is very difficult for the industry to complete the task of reducing energy consumption by 4% this year. Yang Weicai, vice president of the China Petroleum and Chemical Industry Association, believes that the focus of energy and consumption reduction in the oil and chemical industry must be three-fold. The first is to focus on energy-saving work in high-energy-consuming industries such as synthetic ammonia, oil refining, ethylene, chlor-alkali, soda ash, calcium carbide, and yellow phosphorus. In particular, the calcium carbide, the national repeated orders, must be eliminated from the open type and capacity of 10,000 tons / year or less calcium carbide furnace. The second is to tie in with the country's efforts to save energy and reduce consumption of 340 companies involved in the petroleum and chemical industries in 1,000 key enterprises. Thirdly, during the “11th Five-Year Plan†period, the state introduced ten major energy-saving projects, which mainly involved the “excess and heat and pressure utilization projectsâ€, “saving and replacing petroleum projectsâ€, “motor system energy-saving projects†and the oil and chemical industry. Four items of energy system optimization (system energy-saving) project should be carefully organized and promoted in the industry. Secondly, the oil and chemical industry has become very urgent to do a good job of environmental protection. On July 11 this year, the results of the pollution investigation released by the State Environmental Protection Administration showed that 81.5% of the 7,555 chemical construction projects with a total investment of 1,015.26 billion yuan were placed in environmentally sensitive areas such as river waters and densely populated areas, of which 45% were major risks. source. Due to the historical debts, the imperfect anti-pollution measures and the unreasonable industrial layout, the oil and chemical industry has become an important reason for the sudden increase in environmental pollution accidents since last year.
The National "Eleventh Five-Year Plan" proposes that major pollutants should be reduced by 10%, which is an arduous task for the petroleum and chemical industries. To do a good job in the environmental protection of the petroleum and chemical industry, we must quickly rectify the projects that have hidden major environmental risks, supplement and improve the contents of environmental risk assessment, emergency response plans, emergency monitoring systems, and risk prevention measures, and the contents that are incomplete for historical reasons. Unreasonable parks and enterprises must undergo rectification through measures such as new belts, old buildings, relocations, closures, and industrial restructuring. Third, we must vigorously promote the petrochemical industry to take the road of circular economy. All industries and enterprises in the oil and chemical industry should be guided by the development of circular economy in the formulation of plans to effectively change the mode of growth, to the development of large-scale production, intensification, and industrialization.