706 mu of land was expropriated, and it cost11400 million! Hengli Petrochemical went south to Huizhou, Guangdong Province to expand PTA production capacity.

Hengli Petrochemical Co., Ltd. (hereinafter referred to as "Hengli Petrochemical"), one of the top 500 enterprises in China in 2020, recently announced its foreign investment. In order to enhance the comprehensive competitiveness of the whole industrial chain of polyester chemical fiber, Hengli Petrochemical (Huizhou) Co., Ltd. (hereinafter referred to as "Hengli Petrochemical (Huizhou)" plans to invest114.94 million yuan.

After the project achieves production and efficiency, it is estimated that the average annual sales income will be 265,438+250 million yuan and the total profit will be 654,38+205 million yuan.

The 22.5 million tons/year PTA project of Hengli Petrochemical (Huizhou) Co., Ltd. is located in Daya Bay Petrochemical Zone, Huizhou, Guangdong Province. It is planned to acquire 706 mu of new land and build two sets of PTA devices and auxiliary facilities with an annual output of 2.5 million tons, with buildings (structures) covering an area of 282,000 square meters.

Hengli Petrochemical said that the company's existing PTA production capacity totals 1 1.6 million tons/year. It is the world's largest PTA production supplier with the most advanced technology and obvious cost advantage, and the only equity production company in the industry with a production capacity of more than 10 million tons. After the above-mentioned projects are completed, the PTA production capacity of listed companies will increase to16.6 million tons/year, which is conducive to enhancing the company's comprehensive competitiveness.

Jin, an analyst of open source securities, believes that Hengli Petrochemical's investment in PTA project in Daya Bay, Huizhou is a key link in the layout of South China and a solid step in extending the polyester industry chain. At the same time, Huizhou Daya Bay, as one of the eight petrochemical bases, is full of development opportunities, and many chemical giants such as CNOOC and Shell have chosen this layout. At this point, Hengli Petrochemical's production capacity layout occupies two seats in the eight petrochemical bases, highlighting the growth momentum of petrochemical aircraft carriers.

First Textile Network learned that up to now, Hengli Petrochemical has an annual production capacity of 4.5 million tons of PX in the upstream, providing supporting facilities for PTA products in the downstream of the company. The fourth PTA plant of Hengli Petrochemical Company with an annual output of 2.5 million tons was officially put into production in June 2020, and the fifth PTA plant was put into production at the end of June 2020. After full production, the total PTA production capacity of Hengli Petrochemical will reach110.6 million tons, and the leading position of PTA industry is stable. Part of PTA products of the company are for the personal use of the company's polyester factory, and the rest are exported to customers in the downstream chemical fiber field.

In the downstream production field, Hengli Petrochemical has laid out about 2.8 million tons of high-end polyester production capacity, including 6.5438+0.55 million tons of civil polyester filaments, 200,000 tons of industrial polyester filaments, 200,000 tons of polyester films, 650,000 tons of polyester chips and 6.5438+0.85 million tons of engineering plastics. In addition, the company is building the production capacity of 6.5438+350,000 tons/year of civil polyester filament and 200,000 tons/year of industrial filament. It is estimated that the production capacity will start in 2020, and the total production capacity of all kinds of polyester products of Hengli Petrochemical will exceed 4.3 million tons.

Jin introduced that from 2012 to 2020, Hengli Petrochemical * * * will put PTA 1 1.6 million tons. Production capacity, industry leading position is solid. In 20 12, two sets of PTA production lines with an annual output of 2.2 million tons were completed and put into operation in Hengli Petrochemical Phase I; 20152.2 million tons PTA plant was put into operation in the second phase; In the first quarter of 2020, the fourth 2.5 million tons PTA production line was successfully put into production; At the end of June 2020, the company's fifth PTA production device was officially put into production. At present, the total PTA production capacity of the company has reached 65,438+65,438+600,000 tons, which is in the leading position in the industry.

All PTA production devices in Hengli Petrochemical Company adopt Invista's production technology. The first three 6.6-million-ton PTA production lines adopt Invista P7 technology, and the fourth and fifth production lines adopt the industry-leading Invista P8 technology. In the future, with the continuous expansion of PTA production capacity in China, the industry competition pattern will intensify, and the old small and medium-sized devices will be eliminated in a new round of integration. The concentration of PTA industry will be further concentrated in the head enterprises, and the company's leading position and late-comer advantage will become more and more prominent, and it has strong competitiveness in advanced equipment, market share and pricing discourse power.

Jin believes that China's PTA production capacity will usher in explosive growth in 2020, and it is estimated that12.7 million tons of PTA production capacity will be released in a centralized way, and private enterprises will still be the main force to expand production. Official website shows that Hengli Petrochemical's fourth PTA production line with an annual output of 2.5 million tons was put into production in June 2020, and the fifth PTA production line with an annual output of 2.5 million tons was put into production at the end of June 2020. In addition, Yisheng New Materials Phase I 3 million tons and Xinfengming Phase II 2.2 million tons PTA projects will also be put into operation in 2020, when the pressure of domestic PTA will be further increased. In recent years, the scale of PTA plants put into production in China is basically more than 2 million tons. Compared with the large-scale integrated upstream and downstream devices newly put into production, the original small-scale devices of about 6,543,800 tons will gradually lose their competitiveness. Under the pressure of overcapacity, some backward small factories may be shut down, and China PTA industry may usher in a new round of industry integration period.

According to public information, Hengli Petrochemical is the core listed subsidiary of the Fortune 500 Hengli Group, headquartered in Dalian, Liaoning. At present, the company's main business covers petroleum refining, aromatics, olefins, PTA, ethylene glycol, polyester filament, engineering plastics, polyester film and other industrial fields, and has established large industrial bases in Suzhou, Dalian, Suqian, Nantong and Yingkou.

In order to realize the integrated development of the whole upstream and downstream industrial chain, Hengli Petrochemical (Changxing Island, Dalian) Industrial Park has been marching to the highest end of the petrochemical industrial chain-building an integrated refining and chemical project. On August 5, 20 15, Liaoning Provincial Environmental Protection Department approved the environmental impact report of Hengli Petrochemical Refining and Chemical Integration Project; 2065438+On September 9, 2005, Liaoning Provincial Development and Reform Commission approved the integration project of Hengli Petrochemical Refining and Chemical Industry, and Hengli Petrochemical (Dalian) Refining and Chemical Co., Ltd. became the first private enterprise in China to enter the field of petroleum refining and chemical industry. 20 15 12 9. The refinery-chemical integration project of Hengli Petrochemical started grandly. 20 16 Jiangsu Hengli Chemical Fiber Co., Ltd. successfully landed in the capital market by borrowing big rubber and plastic; In 20 18, 0/00% shares of Hengli Investment (Dalian) Co., Ltd. and Hengli Petrochemical (Dalian) Refining and Chemical Co., Ltd./kloc-0 were injected into listed companies. 20 18 12 and 20 million tons/year refining and chemical integration projects were officially put into operation, and the10.5 million tons/year ethylene project was officially launched; 2065438+On March 24th, 2009, the integrated refining and chemical plant successfully started the whole production process; It was put into production on 201May 9 17. Up to now, after 26 years of efforts, Hengli Petrochemical has set sail as an aircraft carrier-class private refining and chemical company, becoming the first industry leader among the eight petrochemical industrial bases in China.

In June 2020, the fourth set of 2.5 million tons/year PTA project of Hengli Petrochemical Company was officially put into operation, and the10.5 million tons/year ethylene project started smoothly at one time. In June 2020, the fifth set of 2.5 million tons/year PTA project was put into production. Hengli Petrochemical successfully formed an integrated development model of "crude oil-aromatic hydrocarbon, ethylene -PTA, ethylene glycol-polyester-polyester filament, polyester film and engineering plastics", which promoted and improved the strategic layout of the whole chain from "one drop of oil" to "one piece of cloth" and the full coverage business operation.

The financial report shows that in the first half of 2020, Hengli Petrochemical achieved an operating income of 67.358 billion yuan, a year-on-year increase of 5.911%; The net profit attributable to shareholders of listed companies was 556,543.8+0.7 billion yuan, a year-on-year increase of 37.20%. During the reporting period, the operating cash flow of Hengli Petrochemical was greatly improved, and the net cash flow generated by operating activities reached 65,438+0,865,438+0.92 billion yuan, up 47.00% year-on-year. With the epidemic raging in the first half of the year, Hengli Petrochemical's excellent profitability and steady anti-risk ability far exceeded market expectations. (First Textile Network Martin)