At the 2006 Boao International Chemicals New Materials Forum held in 2006, some experts, officials and business representatives reminded that in recent years, China’s petroleum and chemical industry’s investment in fixed assets has increased at a high level, which has exacerbated the pressure on energy, resources, and the environment. The industry will experience a crisis of overcapacity.
Li Yongwu, president of the China Petroleum and Chemical Industry Association, said that in recent years, the petroleum and chemical industries have escalated their capacity expansion. In 2006, fixed asset investment increased by 29.37% year-on-year. Especially in regions with rich energy and resources in the central and western regions, a large number of large-scale chemical bases are being planned and constructed. This has led to a certain impact on the industrial efficiency of the petroleum and chemical industries, and increased pressure for energy conservation and environmental protection.
He analyzed that at present, as crude oil prices continue to fluctuate at high levels and coal and electricity prices increase, the cost of downstream products such as organic chemical products, organic intermediates, and synthetic materials will increase, which will have a greater impact on the energy-intensive petroleum and chemical industries. Especially nitrogen fertilizer, calcium carbide, yellow phosphorus, caustic soda production enterprises, profit margins continue to decline. In 2006, the oil and chemical industry's industry-wide cost-profit margin was 12.75%, a decrease of 1.16 percentage points from the previous year.
Delegates pointed out that while the rapid growth of investment in fixed assets, there are still many problems in the adjustment of product structure in the petroleum and chemical industries. On the one hand, overproduction of some traditional products has occurred. On the other hand, the production of new chemical materials cannot meet the vigorous demand brought about by the rapid economic development.
Ren Jianxin, general manager of China National Chemical Corporation, said that at present, many of China’s advanced, high-performance, special-purpose functional materials and composite materials still rely on imports, while the production of some traditional materials with a relatively low technological content starts to be surplus; The import volume of major chemical new materials is increasing year by year. At present, the imported chemical materials account for more than 38% of the total national demand.
Zhang Guobao, deputy director of the National Development and Reform Commission, said at the forum that although China's chemical industry has made great progress, compared with developed countries, there is still a big gap between the overall level of development of new chemical materials. Mainly manifested in the lack of patented results with independent intellectual property rights, relatively few products with high performance and high added value, lagging behind in the application and development of new materials, low conversion rate of results, and low scale production; material synthesis and processing With backward equipment and low utilization of resources and energy, the mineral raw materials consumed by the GNP per capita are two to four times higher than in developed countries, and the utilization rate of secondary resources is only about one third of the world’s advanced level. Recycling technology and low levels cause environmental problems to be prominent.
The delegates also pointed out that maintaining the steady development of the petroleum and chemical industries, preventing major ups and downs, and achieving the goal of energy conservation and emission reduction by all means are two key issues that the entire industry must attach importance to and are related to the overall development of the national economy.
The petroleum and chemical industry is an important basic industry and pillar industry of China's national economy. At present, it has formed an industrial system with relatively complete categories, broadly matched varieties, and considerable scale. There are more than 100,000 enterprises in the industry with different scales and economic patterns. Among them, there are more than 20,000 enterprises above designated size. In 2006, a total of 4.2 trillion yuan of industrial output value was completed.
Li Yongwu, president of the China Petroleum and Chemical Industry Association, said that in recent years, the petroleum and chemical industries have escalated their capacity expansion. In 2006, fixed asset investment increased by 29.37% year-on-year. Especially in regions with rich energy and resources in the central and western regions, a large number of large-scale chemical bases are being planned and constructed. This has led to a certain impact on the industrial efficiency of the petroleum and chemical industries, and increased pressure for energy conservation and environmental protection.
He analyzed that at present, as crude oil prices continue to fluctuate at high levels and coal and electricity prices increase, the cost of downstream products such as organic chemical products, organic intermediates, and synthetic materials will increase, which will have a greater impact on the energy-intensive petroleum and chemical industries. Especially nitrogen fertilizer, calcium carbide, yellow phosphorus, caustic soda production enterprises, profit margins continue to decline. In 2006, the oil and chemical industry's industry-wide cost-profit margin was 12.75%, a decrease of 1.16 percentage points from the previous year.
Delegates pointed out that while the rapid growth of investment in fixed assets, there are still many problems in the adjustment of product structure in the petroleum and chemical industries. On the one hand, overproduction of some traditional products has occurred. On the other hand, the production of new chemical materials cannot meet the vigorous demand brought about by the rapid economic development.
Ren Jianxin, general manager of China National Chemical Corporation, said that at present, many of China’s advanced, high-performance, special-purpose functional materials and composite materials still rely on imports, while the production of some traditional materials with a relatively low technological content starts to be surplus; The import volume of major chemical new materials is increasing year by year. At present, the imported chemical materials account for more than 38% of the total national demand.
Zhang Guobao, deputy director of the National Development and Reform Commission, said at the forum that although China's chemical industry has made great progress, compared with developed countries, there is still a big gap between the overall level of development of new chemical materials. Mainly manifested in the lack of patented results with independent intellectual property rights, relatively few products with high performance and high added value, lagging behind in the application and development of new materials, low conversion rate of results, and low scale production; material synthesis and processing With backward equipment and low utilization of resources and energy, the mineral raw materials consumed by the GNP per capita are two to four times higher than in developed countries, and the utilization rate of secondary resources is only about one third of the world’s advanced level. Recycling technology and low levels cause environmental problems to be prominent.
The delegates also pointed out that maintaining the steady development of the petroleum and chemical industries, preventing major ups and downs, and achieving the goal of energy conservation and emission reduction by all means are two key issues that the entire industry must attach importance to and are related to the overall development of the national economy.
The petroleum and chemical industry is an important basic industry and pillar industry of China's national economy. At present, it has formed an industrial system with relatively complete categories, broadly matched varieties, and considerable scale. There are more than 100,000 enterprises in the industry with different scales and economic patterns. Among them, there are more than 20,000 enterprises above designated size. In 2006, a total of 4.2 trillion yuan of industrial output value was completed.