Introduction: in 2019, China's economic development will face a more complex and severe environment. Especially since the second quarter, with the intensification of Sino US economic and trade relations, the growth of world economy and trade has slowed down simultaneously, the global economic slowdown has become more obvious, the external environment has become more complex, and the factors of uncertainty have increased. In 2019, the domestic polyurethane industry is also "agitated", with device accidents, group acquisitions, new projects put into operation, etc. Let's review the hot news of polyurethane main materials (PO, PPG, MDI) industry.

Propylene oxide

1. Birth of the first CHP process in China: it was announced on January 9, 2019 that the 120000 T / a domestic first CHP process propylene oxide plant of hongbaoli group Taixing Chemical Co., Ltd. has entered the trial production stage since mid November 2018, and the trial production of the project is smooth.

2. Propylene Tank Car spontaneous combustion, load reduction of Xinyue environmental protection unit: on May 6, 2019, a tank car in Lubei high tech Zone occurred spontaneous combustion. According to the investigation, the fire was caused by the spontaneous combustion of a propylene tank car (unloaded) in the parking lot of a chemical loading and unloading area. The 350000 T / a propylene oxide plant of Xinyue Chemical Co., Ltd. was reduced to 30% for operation and rectification.

3. Due to the severe flood caused by typhoon, Jinling environmental protection plant was "killed": on August 11, 2019, typhoon "lichma" swept through Shandong Province, and the propylene oxide plant in Jinling, Shandong Province, suffered flooding due to terrain, and the second phase unit was seriously affected. The first phase plant will be shut down for 15 days, and the second phase will be shut down for 20 days.

4. Zibo plans to add new hppo process units: on September 26, 2019, Zibo Ecological Environment Bureau accepted the "230000 T / a hydrogen peroxide and 150000 T / a propylene oxide project of Shandong Minxiang Chemical Technology Co., Ltd." and announced the basic information of the environmental impact assessment documents of the construction project.

5. CNOOC shell polyether maintenance: in October 2019, CNOOC 280000 T / a polyether was installed and overhauled for more than a month, and the upstream 290000 T / a propylene oxide plant was in normal operation, and the amount of propylene oxide released increased by more than 10000 tons.

6. Shandong Binhua plans to add 300000 tons of PO / SM process units: on November 25, 2019, Shandong Binhua new materials Co., Ltd. plans to invest 12.6 billion yuan, including 600000 tons of PDH, 300000 tons of propylene oxide and 780000 tons of tert butyl alcohol.

7. LyondellBasell plans to build a 300000 ton PO / SM unit in China: on December 24, 2019, lyonbaser announced that it had signed a memorandum of understanding with Sinopec, and the two sides intend to establish a new joint venture to build the second propylene oxide / styrene unit in Ningbo. The joint venture company will be set up at a 50:50 share ratio. The new unit will continue to adopt leandbasser's advanced propylene oxide / styrene technology, which can produce 300000 tons of propylene oxide and 600000 tons of styrene each year. It is planned to start construction in early 2020, and is expected to be completed and put into operation in 2022. The products will be sold by the two parent companies on a pro rata basis.

Polyether

1. The 300000 t / a polyether project of Lanxing East damaqiao Park was approved: the approval decision was made in the environmental impact assessment document of the "300000 t / a new high performance polyether polyol project of Shandong Lanxing Dongda Co., Ltd." issued by Zibo ecological and Environmental Bureau, and was publicized. The total investment of the project announced this time is 2 billion yuan, which is located in Maqiao Chemical Industrial Park, Maqiao Town, Huantai County, Zibo City. It is a key project of Shandong Province in 2019.

2. Dream Lily American factory opened: at 10:45 U.S. time on December 19, dream Lily American factory (i.e., winsborough, South Carolina) opened. It is reported that the factory covers an area of 700000 square meters, with a plant area of 60000 square meters. The production capacity is expected to reach 1 billion yuan, and the sales outlets are mainly in the U.S. market.

3. The relocation and reconstruction of Tianjin petrochemical company went smoothly: after the "8.12" major fire and explosion accident in Tianjin port, all 583 hazardous chemical enterprises in Binhai New Area were listed in the "red, yellow and blue" safety management table. Among them, Tianjin Botian Chemical Co., Ltd. started relocation in 2016, and the plant area has been shut down in March 2016. According to news from Tianjin Dagu Chemical Co., Ltd., it is planned to stop production and move in the first half of 2020.

MDI

1. Acquisition of Wanhua Chemical Group: on August 28, 2019, Wanhua chemical (600309. SH) announced that the buyer and the seller had signed the equity transfer agreement on August 25. Cornell chemical transferred 51% of Fujian Cornell's equity to Wanhua chemical at the price of RMB zero, and both parties completed the equity delivery within 30 working days from the date of signing the agreement. On the date of signing the agreement, the paid in capital contribution of Fujian kangnair's shareholders is zero yuan, and the book net assets is zero yuan. According to the announcement, on October 19, 2018, the 400000 T / a MDI project of Fujian Cornell Polyurethane Co., Ltd. has been approved by Fujian Provincial Development and Reform Commission. The basic information of the project is as follows: the total investment for the 400000 T / a MDI project of Fujian kangnair Polyurethane Co., Ltd. is 6601840000 yuan, including 5604.58 million yuan in the first phase. The project is divided into two phases. The first phase is a 400000 T / a MDI plant, and a supporting construction of 55000 T / a formaldehyde (based on 100wt% formaldehyde) and 100000 t / a ODC hydrochloric acid electrolysis unit (calculated by 100% Cl2). Nitroaniline / 0.27 million tons / year, 2-year construction. The land for the project is the industrial land planned by Jiangyin Industrial Concentration Zone, with a total area of 566434 m2. According to the announcement, Wanhua chemical will have a manufacturing base in Fujian by acquiring Fujian Cornell Polyurethane Co., Ltd., and plans to invest in the construction of MDI and its supporting devices to enhance the company's production capacity and optimize the MDI industrial layout.

2. Wanhua chemical has suspended the investment of 400000 T / a MDI project in the United States: according to the South China Morning Post, Wanhua chemical has suspended the investment of 400000 T / a MDI project in Louisiana, USA. Wanhua chemical's U.S. business manager said the reason for the suspension was the rising cost of capital, but the company did not give up the U.S. market and will consider continuing to invest in the project when the time is right.

3. Ningbo Wanhua chemical production expansion plan: the market has learned that Wanhua chemical (Ningbo) Co., Ltd. has completed the filing of "MDI / HDI technology transformation and capacity expansion integration project" by Ningbo Economic and Information Bureau. The integrated project includes the technical transformation and capacity expansion of 1.5 million tons of MDI plant, the construction of 50 thousand tons of HDI device and related supporting devices. In March 2018, Wanhua chemical announced its MDI expansion plan, and the MDI production capacity of Wanhua Ningbo and Yantai will be increased from the existing annual output of 1.2 million tons and 600000 tons to 1.5 million tons and 1.1 million tons respectively. This time, Wanhua Ningbo expansion project has been put on record, and the project has officially entered the implementation stage. Wanhua chemical once again picked up the edge of technological innovation to enhance its comprehensive competitiveness and further consolidate its leading position in MDI in the world.

Note: the above news is from the Internet