2,055 enterprises have been established, and 8 key industrial clusters have been formed. The reporter learned from the 2007 China Petroleum and Chemical Industry Economic Situation Analysis Conference held on December 19 that due to the strong demand in the Chinese market, petrochemical industry has become the industry with the most investment value. First, the pace of investment by multinational corporations has accelerated and their performance has been extremely active in recent years. According to Meng Quansheng, vice president of the China Petroleum and Chemical Industry Association, up to now, foreign companies have invested 2,055 petrochemical foreign companies in China.
The oil and chemical industry has become a hot spot for foreign investors to invest in China. Exxon Mobil, Shell, BP, Total, BASF, DuPont, Bayer, Dow Chemical and other foreign companies are building projects in China. Foreign companies in China have formed industrial clusters focused on oil marketing, natural gas development, petrochemicals, fine chemicals, specialty chemicals, synthetic materials processing, petrochemical warehousing and logistics, and high value-added products, and have continuously improved their industrial layout.
Multinational corporations invest in China, bringing with them new products and technologies that help improve the quality of domestic petrochemical products. Such as the United States Invista investment in the construction of adiponitrile project, to fill the gaps in the domestic, is conducive to the production of nylon 66; Dow Corning, WACKER's investment in organic silicon and processing applications, will help promote the silicone industry to high-end development; Dow Chemical Collaborated with Shenhua Group to develop methanol to olefins and ethylene derivatives.
Refining and ethylene are key areas for foreign companies investing in China. In the past two years, the 600,000-ton ethylene project of Yangzi BASF Co., Ltd., a joint venture between Yangzi Petrochemical and BASF in Germany, British BP, Sinopec and Shanghai Petrochemical, jointly established Shanghai Secco Petrochemical's 900,000-ton ethylene project, China National Offshore Oil and Natural Gas Co., Ltd. Shell's joint venture Sinopec Shell Petrochemical Co., Ltd.'s 800,000-ton ethylene project has been put into operation. This year, China's ethylene production reached 10 million tons, playing an important role.
The refined oil market is the focus of attention of foreign petrochemical companies. As of September 2007, the Ministry of Commerce has approved the establishment of nine Chinese-foreign joint ventures and wholly foreign-owned retail oil processing companies, of which eight are joint ventures, namely BP, Shell, ExxonMobil, Total, Sinopec, and PetroChina. Sinochem Group joint venture. A total of 2,517 foreign-funded gas stations (including oil and gas stations) were planned and constructed in China. More than 1,500 of them have been put into operation.
In addition, large chemical multinational companies have established long-term development goals in China. For example, BASF plans to account for 20% of sales and profits in Asia by 2010, and 50% of Asian sales will come from China.
SSJ Tunnel Drying Equipment
Sanshon Machinery Manufacturing Co., Ltd. , http://www.zjdryer.com