Future petrochemical industry development must solve two problems

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China Drying Network News In the afternoon of September 10, the CEO of the China International Petroleum and Chemical Industry Congress held in Tianjin. More than 40 CEOs and senior leaders of petrochemical companies around the world focus on the theme of "future-oriented competitiveness - strategy and innovation". They will discuss in depth the two aspects of raw material diversification and technological innovation, and jointly seek to cultivate future competitiveness under complex economic conditions. Way.

The meeting was co-chaired by Li Shousheng, executive vice president of the China Petroleum and Chemical Industry Federation, and Lin Tatum, vice president of the US Chemical Weekly Group. At the conference, raw material diversification and technological innovation were recognized as the best way to cultivate future competitiveness.

Representatives from IHS Group, China Petroleum & Chemical Corporation, Shenhua Coal & Liquids Co., Ltd., Shaanxi Yanchang Petroleum (Group) Co., Novozymes, Tianjin Bohai Chemical Group Co., Ltd., and Messinas issued a report on raw material diversification strategy. Their own opinions, including the breakthrough in shale gas extraction technology, have brought many opportunities for the lightening of ethylene raw materials. Under the current price system, coal-to-olefins are economically viable; petrochemicals, natural gas chemical industry, and coal chemical industry have developed together. Competitiveness is outstanding; with the development of new technologies, access to new raw materials, and rising crude oil prices, the development of bio-energy and bio-materials will not only be technically feasible, but also economically pass; in areas rich in shale gas, cheap raw materials will be used. Producing methanol to allow more methanol to enter the energy industry is one of the most cost-effective ways to use it.

From PetroChina, China National Chemical Industry Group, China North Chemicals Group, Huafeng Group, Xinjiang Tianye, Liaoning Aoke, Saudi Basic Industry, Dow Chemical, BASF, Ingredi, Solvay, DSM, INVISTA, Praxair Representatives from several companies such as Fubao and Fubao shared the practice and thinking about technological innovation. Relying on technological innovation to slow the ageing of oil fields and building innovative platforms should not only serve a single market, but also have to play a role in the global market, increase the cost of labor, pose new challenges to innovation, and attach importance to original innovation. This has aroused the consensus of participants.

Li Yongwu, president of the China Petrochemical Federation, stated in his concluding remarks that in the future, the development of the industry must address the issues of diversification of raw materials and low-level competition in the product, and solving low-level competition in the product must rely on technological innovation. The diversification trend of raw materials and technological progress have shown a broad development prospect for the petrochemical industry. It is hoped that Chinese and foreign companies will further strengthen cooperation in technology and investment.

China National Offshore Oil Corporation, LG Chemical, China Chemical Engineering Group, Huayi Group, Juhua Group, Qingdao Software Control Co., Ltd., India Prudential Group, Celanese, Samsung Total, Thai Petroleum Global Chemicals, Bayer, High-level leaders from Pingmei Shenma, Deloitte Chemical Consulting, Daikin Corporation, and SK Chemicals also attended the meeting.

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