Ethylene glycol, the most popular leading enterpri

2022-10-23
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Hualu Hengsheng: ethylene glycol, a leading enterprise in coal chemical industry, helps grow

Hualu Hengsheng: ethylene glycol, a leading enterprise in coal chemical industry, helps grow

September 26, 2018

a leading coal gasification platform, "one head, multi line" flexible cogeneration. After years of technological and industrial upgrading, the company has become a leading coal chemical enterprise in China, and has built a circular economy industrial chain with "one end and multiple lines", which can adjust the production mode and product structure in time according to the changes of the product market, so as to maximize the benefits and greatly enhance the anti cyclical. At present, the company's main production capacity includes 2.2 million tons of urea, 600000 tons of acetic acid, 250000 tons of DMF, 200000 tons of mixed methylamine, 50000 tons of ethylene glycol, 160000 tons of adipic acid, 50000 tons of melamine and other Chinese coatings. In addition, the expanded 500000 T/a ethylene glycol project of the company is expected to be put into operation in the third quarter of 2018

acetic acid is expected to continue its high boom and adopt the most common "one head and multi line" industrial chain to reflect the cost advantage. Since 2018, the price center of acetic acid has continued to move upward. The new capacity of acetic acid is limited, the overseas units enter the maintenance cycle, and the export continues to grow. In addition, the growth rate of downstream coating is stable, and the demand for PTA is boosted by polyester. The sealing performance test of the test piece after the drop and pressure test can also be carried out. According to "3.3", the overall judgment is that the acetic acid industry will maintain a high boom. In 2017, the domestic acetic acid export volume was 45. The company combined small high-power engines on the basis of corresponding lightweight technology 70000 tons, a year-on-year increase of 90.4%, and the export volume in 2018 is expected to further increase. The company has an acetic acid production capacity of 600000 tons/year, and the "one head and multi line" industrial chain has obvious cost advantages and great performance flexibility. For every 1000 yuan/ton increase in the price of acetic acid, the EPS of the company will increase by 0.27 yuan

ethylene glycol production opens up room for future growth. In 2017, the apparent consumption of ethylene glycol in China was 14.446 million tons, with a year-on-year increase of 14.9%; In 2017, the import volume was about 8.75 million tons, a year-on-year increase of 15.5%, and the import dependence was 60.57%. According to the company's 2017 annual report, the progress of the project with an annual output of 500000 tons of ethylene glycol is 60%, and it is expected to be put into production in the third quarter of 2018. The project will support the high growth of future performance after its completion

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