The new new-Malaysia-India petrochemical industry center will become a highlight in Asia

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As the global macroeconomic outlook is uncertain - the European debt crisis has not eased, the US economy has weakened, and China's economic development has slowed down. Recently, Southeast Asia is attracting more and more foreign and local investment. Several heavy petrochemical projects are in full swing. Construction. Some experts predict that soon, a brand new Singapore-Malaysia-India petrochemical industry center will become a bright spot, and the focus of the Asian petrochemical industry is shifting to Southeast Asia.

In recent years, the average annual growth rate of Indonesia's economy has been maintained at more than 6%, coupled with the continuous increase in the country's middle class population, two factors have prompted rapid demand for major petrochemical feedstocks such as ethylene and propylene in Indonesia. At present, major raw materials (including naphtha) in the Indonesian petrochemical industry rely on imports. The petroleum processing and petrochemical industries in the country lag behind. The crude oil processing capacity is about 50 million tons/year, and the ethylene production capacity is about 600,000 tons/year. However, the demand for ethylene exceeds 1 million tons per year and the gap is huge. As the country’s economy continues to grow rapidly, the future supply gap will further expand.

In order to meet domestic demand, the Indonesian government announced that it will accelerate the development of the petrochemical industry by attracting foreign investment and strive to achieve self-sufficiency in petrochemical products by 2025. In February of this year, South Korea’s Hunan Petrochemical Corporation formally announced that it will invest US$5 billion in the construction of a large-scale petrochemical project in Cilegon, Indonesia. Construction will begin in the first quarter of 2013 and will begin in 2016. It is understood that Hunan Petrochemical plans to build a project including a 1 million tons / year of ethylene and 550,000 tons / year of propylene and the corresponding downstream devices, the production of petrochemical products will give priority to meet the Indonesian domestic market. In addition, Indonesia's only ethylene producer, Chandra Asri, has also confirmed that it will carry out ethylene expansion and related propylene and butadiene derivative projects, expanding the company’s ethylene production capacity from the current 600,000 tons/year to 1 million tons/year. At the same time, it will also use translocation to increase propylene production capacity, and plans to build a new 1-butene production plant and related downstream equipment such as styrene-butadiene rubber.

The petrochemical industry in Malaysia started in 1963 and has now become the center of the petrochemical industry in Southeast Asia and one of the world’s major petrochemical bases. At present, the country’s ethylene production capacity is 1.73 million tons/year, and propylene production capacity is 1.15 million tons/year. In May 2011, Petronas, the national oil company of Malaysia, announced that it will build a large-scale oil refining and petrochemical complex project to meet the growing demand for petrochemical products in Asia and achieve the company’s diversified business goals. In May of this year, the company announced that it has signed preliminary agreements with Japan's Itochu Corporation and Thailand's PTT Global Chemicals Co., Ltd. to form two independent petrochemical joint ventures, and will jointly invest USD 20 billion in RAPID joint ventures. Body items.

In March of this year, Petronas also announced that it will establish a joint venture with BASF to build a world-class specialty chemical plant in Johor, Malaysia, to produce isodecyl alcohol, high-activity polyisobutylene, non-ionic surfactants, methanesulfonic acid and other products.

Singapore’s good geographical location and well-established infrastructure have been the main reasons attracting the influx of multinational chemical companies. The country’s geographical location is excellent and it has a good connection with Asian countries. Therefore, it has become the first choice for many international companies. In recent years, Singapore has completed or nearly completed major petrochemical investment projects, such as Shell's petrochemical complex project with 800,000 tons/year of naphtha ethylene in Bouk Island, Singapore, and ExxonMobil Chemical in Singapore. 1 million tons/year ethylene device. At present, the ethylene production capacity in Singapore has reached 4 million tons/year.

While developing the petrochemical industry, Singapore is also actively developing its specialty chemicals business. LANXESS has built a Euro 200 million Ruthenium-based butadiene rubber plant and a 100,000-tonne 100,000 tonne/year butyl rubber plant on Jurong Island. Some Japanese synthetic rubber producers are also accelerating their expansion of synthetic rubber production capacity in Singapore. For example, Japan’s Zion’s new styrene butadiene rubber plant in Jurong Island, Singapore will be constructed in two phases. The first phase will have a capacity of 30,000 to 40,000 tons/year, and will be put into production in mid-July 2013; the second phase will have the same capacity of 30,000. It is expected to start production in the first half of 2016 with an annual production capacity of ~4 million tons. Sumitomo Chemical Co., Ltd. is building a 40,000 tons/year solution-polymerized styrene-butadiene rubber plant on Jurong Island, Singapore, and is expected to start production in the fourth quarter of 2013. In addition, Sumitomo Chemical has also set up a new polymethyl methacrylate unit in the area and plans to start production this year.

According to media reports from the country in February this year, Singapore’s 3.5 million tons/year LNG receiving terminal project built on Jurong Island has completed 80% of the construction volume. The completion of the terminal in 2013 will help Singapore supplement its own energy needs. Protecting local markets from international market prices and supply risks. In order to ensure the supply of raw materials, following the construction of liquefied natural gas receiving terminals, the Singapore Economic Development Board is urging investors to conduct a feasibility study on the construction of a large-scale liquefied petroleum gas terminal at Jurong Island in order to expand the sources of cracked raw materials and improve the competitiveness of Jurong Island. force.

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