China'S Clothing Demand Is &Nbsp, And Foreign Catalyst Companies Are Busy Making Money.

When you wear a plain Polyester fiber Raw material clothes Have you ever thought of extending along this garment to the upper reaches? Who is the most profitable in this industry chain?

Is it a garment manufacturer? Is it a trader? Or polyester manufacturers? No, except the oil companies that have the most resources, they are the catalyst companies with core technology in the industry chain, Shell global solutions, CRI/CRITERION standard Marketing Asia Pacific private limited company (CCMAP), American scientific design department (SD) and Union Carbine Co (later sold to Dow Chemical).

The main raw material for producing polyester is ethylene glycol. Ethylene glycol is made of ethylene oxide. Ethylene oxide is the main raw material of ethylene oxide. The main raw material of ethylene is petroleum. product The process of evolution must be added.

"There are 3 main catalysts for ethylene oxide and ethylene glycol in the world, and more than 90% of ethylene oxide and ethylene glycol production in the world use the catalyst products of these 3 companies." Zhejiang Merchants Securities analyst Dai Pengju said.

Over the years, China's demand for ethylene oxide is mainly dependent on imports. Domestic supply from ethylene glycol unit is less, and the continuous demand for ethylene glycol has been decreasing. In 2009, the domestic ethylene glycol self sufficiency rate was only 25%.

Dai Peng predicts that by 2012, China's equivalent consumption of ethylene oxide will reach 6 million 800 thousand tons, when the equivalent production capacity of ethylene oxide is only about 4 million 700 thousand tons, and still rely heavily on imports. Ethylene oxide is a dangerous chemical, and its chemical properties are not stable enough. Long distance spanportation has some difficulties. There is basically no direct import and export of ethylene oxide. Instead, it is imported from ethylene oxide, such as ethylene glycol, diethylene glycol, ethanolamine, non-ionic surface active agent and glycol ether.

Facing the growing demand in the Chinese market, the catalyst company, led by CRI/CRITERION standard Marketing Asia Pacific Private Limited (CCMAP), has continuously intensified its efforts to expand the Chinese market.

"Before China's own catalyst was developed, the price of foreign catalysts was 1 times higher than that of today. It is the advent of domestic catalysts that allow foreign catalyst products to continue to depreciate. An expert from Yanshan Petrochemical Research Institute told the first Financial Daily yesterday that at present there are more than 20 sets of ethylene oxide units in China, and Shell has the largest market share in the domestic market.

A person familiar with the catalyst industry told this newspaper that the annual output of 300 thousand tons of ethylene oxide and ethylene glycol, for example, does not include the cost of land and outer tank area. The rough investment is about US $150 million. If the catalyst is purchased internationally, including process technology, catalyst and some associated services, we need to pay 20 million ~2500 US dollars to foreign patent manufacturers in the 150 million US dollars.

Moreover, a 300 thousand ton scale ethylene oxide and ethylene glycol plant needs about 250 tons of catalyst at a time, and the life expectancy is 3~4 years.

Lai Jiancheng, general manager of Shell global solutions technology spanfer and sales Asia Pacific region, told the newspaper that the catalyst currently being used in the ethylene oxide and ethylene glycol plant is 15 thousand tons, and that the catalyst used in China is 2000 tons.

He expects that in the next 5~6 years, China's catalyst demand will increase from about 2000 tons to 4000 tons.