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China new ACN project progress update

2022-05-06 13:46:55 CCFGroup

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The ACN capacity expansion projects are updated as the table showed, and the newly increased projects are mainly located in coastal provinces (Liaoning, Tianjin, Fujian, Guangdong and Jiangsu), and the constructions have not started. The previous planning projects, like Dalian Jianye and Jilin Songyuan, are removed with no any development.

 

For the integrated downstream units, the projects are mostly equipped with ABS units, but most of the downstream units cannot digest the ACN units. Calculated by 23% use, 600kta of ABS unit only needs 138kt of ACN. So nearly a half of ACN will be digested on the market. Nevertheless, the projects are still on schedule, and pay attention to the implementation progress.

 

For the start-up time, PetroChina Jilin, Liaoning Bora and CNOOC Hainan Fine Chemicals Project may be started up this year, and PetroChina Jilin’s unit is expected to start up in the third quarter, and the other two units may start up in the fourth quarter.

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