August 16, 2024 – The upcoming Ethylene Downstream High-end New Materials Forum, scheduled for September 13 in Lianyungang, promises to delve deep into policies related to the ethylene industry chain, market opportunities for high-end downstream new material products, and the competitiveness of new technologies and projects, all within the context of carbon peaking and neutrality. This forum is expected to breathe new life into the development of the ethylene downstream high-end new materials industry.
Meanwhile, the Yulong Island Refining and Chemical Integration Project, a key national construction project during the 14th Five-Year Plan, is progressing rapidly. Located in the Shandong Yulong Petrochemical Industrial Park in Longkou, Yantai City, Shandong Province, the project has a total investment of over 100 billion yuan. Currently, the first phase of the project has entered the critical stage of final construction and production preparation, and is expected to be fully operational by the end of the year.
The construction of the Yulong Island Refining and Chemical Integration Project will not only drive industrial transformation and upgrading in Shandong Province, achieving high-quality development, but also provide sufficient raw material support for the ethylene downstream high-end new materials industry. According to AsiaMB, the first phase of the project includes a 20 million tons/year oil refining, 3 million tons/year mixed aromatics, and 3 million tons/year ethylene refining and chemical integration projects, with its large production scale and advanced technology ranking among the forefront in China.
In the current situation where the profitability of common ethylene downstream products is not optimistic, how to develop high-end new material products has become an important issue of concern in the industry. The commissioning of the Yulong Island Refining and Chemical Integration Project undoubtedly provides strong support for solving this problem. The project will produce a large amount of ethylene raw materials, providing an adequate material basis for the development of the ethylene downstream high-end new materials industry.
With the advancement of carbon peaking and neutrality goals, the demand for high-end new materials such as EVA photovoltaic materials and POE is showing a rapid growth trend. In addition, products such as metallocene polyethylene (mPE), ultra-high molecular weight polyethylene, COC/COP cycloolefin polymers, EVOH, and PVA have also received significant market attention. These high-end new materials have broad application prospects in electronics, automotive, construction and other fields, and will become the focus of future ethylene downstream industry development.
Therefore, related technology, equipment, and engineering companies will usher in huge market opportunities. They can enhance their technical level and market competitiveness by participating in large-scale projects similar to the Yulong Island Refining and Chemical Integration Project, jointly promoting the rapid development of the ethylene downstream high-end new materials industry.