Actively respond to ethylene industry downturn cycle

According to authoritative statistics agency predicted that the 2010 World ethylene production capacity will reach 155,000,000 tons, from 2006 to 2010 the average annual growth rate of 6.8 percent; demand will reach 133,000,000 tons / year with an average annual growth rate of 4.9 percent. Due to a large number of new devices will be 2009 to 2010, together with the development of the petrochemical industry's cyclical characteristics of the ethylene industry will inevitably downward into the channel, in 2010 the ethylene plant operating rate to fall to 85%. At the same time, the world's ethylene industry is stepping up its focus to Asia and the Middle East shift to large-scale ethylene plant to continue to develop in the direction of raw materials showed the trend of diversification.

At present, China has become the world's second largest producer of ethylene, ethylene single device the size of an average of over 454,000 tons / year, the market is very competitive. Experts point out that, in the face of the industry cycle downturn, China's ethylene industry needs to rely on scientific and technological progress, vigorously promote the development of ethylene technology and equipment, advanced technology and equipment, do a good job in the new building plant and the technical transformation of existing devices, Lower investment costs and improve the skill level of ethylene plant; integrated refining and give full play to the advantages of ethylene raw materials optimization; to take effective measures to conscientiously do a good job in saving energy and reducing consumption and long-period operation; do a good job in cracking the use of the by-products to enhance the value of by-products Strive to improve China's ethylene industry's competitiveness.