News

On April 15th, Wanhua Chemical released its 2024 annual report and the first quarter report of 2025. According to the report, Wanhua Chemical's total revenue for 2024 was 182.069 billion yuan, representing a year-on-year increase of 3.83%. In contrast, the company's revenue in the first quarter of 2025 was 43.068 billion yuan, a year-on-year decrease of 6.70%. In addition, Wanhua Chemical's annual report indicates that by the end of 2024, the company's total production capacity of bulk isocyanates reached 4.91 million tons, the highest in the world.   According to the annual report of Wanhua Chemical, the company's total revenue for 2024 was 182.069 billion yuan, representing a year-on-year increase of 3.83%, while the net profit attributable to the parent company was 13.033 billion yuan, a year-on-year decrease of 22.49%. The total assets of the company were 293.333 billion yuan, an increase of 15.92% compared with the beginning of the period.   The growth in revenue was mainly due to the completion of technological transformation and capacity expansion of multiple sets of equipment, and the sales volume and revenue of major products maintained a year-on-year growth trend. The decline in profits was mainly affected by fluctuations in market prices and raw material costs. At the same time, the increase in scientific research investment led to a year-on-year growth in expenses, as well as the provision for asset impairment or scrapping of some investment projects.   Polyurethane Business Segment   The polyurethane business consists of two parts: isocyanate and polyether polyol.   Bulk isocyanates are classified into two types: MDI and TDI. By the end of 2024, Wanhua Chemical will have an MDI production capacity of 3.8 million tons per year. Meanwhile, Wanhua Fujian MDI will undergo technological transformation and expansion to add an additional 700,000 tons per year, which is expected to be completed in the second quarter of 2026. By then, Wanhua's global MDI production capacity will reach 4.5 million tons per year. By the end of 2024, Wanhua Chemical will have a TDI production capacity of 1.11 million tons per year. Meanwhile, the second 330,000-ton/year TDI project of Wanhua in Fujian is expected to be completed and put into operation in May 2025. By then, the total TDI production capacity of Wanhua will reach 1.44 million tons per year. With the commissioning of the two major projects, the total isocyanate production capacity of Wanhua Chemical will rise to 5.94 million tons! The company is currently the world's largest supplier of MDI and TDI.   Wanhua Chemical's polyether polyol business has a total production capacity of 1.59 million tons. In the polyether business field, it has developed into a core supplier for downstream industries such as home appliances, home furnishings, automobiles, and coatings, a trusted provider of differentiated solutions for customers, and a leading and world-class polyether polyol supplier in the Chinese market.   Petrochemical business segment   Wanhua Chemical's petrochemical business currently mainly focuses on the development of C2, C3 and C4 olefin derivatives. Relying on world-class scale PO/AE integrated plants and large ethylene plants, Wanhua continuously expands the industrial chain and value chain of C2, C3 and C4. In 2024, the PDH and other projects of the first phase of Wanhua Penglai were completed and successfully started up in one go, with the product quality reaching the leading level in the industry. In early 2025, the 250,000-ton/year LDPE plant of Wanhua Yantai was successfully started up in one go, laying a solid foundation for the company to enter the high-end polyolefin field.   On July 23, 2024, Wanhua Chemical, Wanrong New Materials (Fujian) Co., Ltd. signed a "Project Cooperation Agreement" with ABU Dhabi National Oil Company, Norse Chemical, and Boru Chemical. ADNOC, Borealis and Borouge formed an investment consortium and Wanrong New Materials established a Sino-foreign joint venture with a 50%:50% shareholding ratio to jointly start the construction of a special polyolefin integrated facility in Fuzhou City, Fujian Province.   In addition, Wanhua Chemical (Yantai) Petrochemical Co., Ltd. plans to introduce overseas chemical enterprises with rich LPG resources as strategic investors through capital increase and share expansion in the near future, in order to ensure the long-term stable supply of LPG raw materials.   Fine chemicals and new Materials business segment   This section includes business units such as the Functional Chemicals Division, New Materials Division, Surface Materials Division, High-performance Polymers Division, Chlorine Products Division, Nutrition Technology Co., LTD., and Battery Technology Co., LTD.   In 2024, Wanhua Chemical has several highly representative products, including the first phase of a 200,000-ton/year POE project, a special polyether unit, the world's largest single-unit capacity of 48,000 tons/year citral - flavor and fragrance project, and the first phase of a 900,000-ton/year propane dehydrogenation (PDH) project. The nylon 12 elastomer project, the Fujian MDI technological transformation and capacity expansion project, and the 180,000-ton hexamethylenediamine project per year have been put into operation, etc.

On April 14, the Information Office of The State Council held a regular press conference on economic data for the first quarter. Wang Lingjun, deputy director of the General Administration of Customs, introduced that China's foreign trade has forged ahead under pressure, achieving growth in scale and improvement in quality. In the first quarter of this year, China's imports and exports of goods trade reached 10.3 trillion yuan, increasing by 1.3% year-on-year. Among them, the export was 6.13 trillion yuan, increasing by 6.9%. Imports amounted to 4.17 trillion yuan, a decrease of 6%.   Wang Lingjun said that China's import and export situation in the first quarter of this year has four characteristics:   First, the growth rate of imports and exports has picked up month by month. In the first quarter, China's import and export volume reached a new high for the same period in history, exceeding 10 trillion yuan for eight consecutive quarters. From the monthly trend perspective, imports and exports declined by 2.2% in January, remained basically flat in February, and increased by 6% in March.   The second is that the proportion of private enterprises in imports and exports has increased. In the first quarter, the import and export volume of private enterprises in China reached 5.85 trillion yuan, increasing by 5.8%, accounting for 56.8% of the total value of China's imports and exports, up by 2.4 percentage points compared with the same period last year. During the same period, the import and export volume of foreign-invested enterprises reached 2.99 trillion yuan, increasing by 0.4%, accounting for 29% of the total import and export value.   Third, the growth rate of imports and exports with the countries jointly building the Belt and Road Initiative is higher than the overall rate. In the first quarter, China's imports and exports with the countries along the Belt and Road Initiative reached 5.26 trillion yuan, increasing by 2.2%. This was 0.9 percentage points higher than the overall figure and accounted for 51.1% of the total value of imports and exports. Among them, imports and exports with ASEAN reached 1.71 trillion yuan, increasing by 7.1%.   Fourth, the import and export of mechanical and electrical products have grown relatively fast. In the first quarter, China's import and export of mechanical and electrical products reached 5.29 trillion yuan, increasing by 7.7%. Among them, the items with relatively fast export growth include household appliances, notebook computers, electronic components, etc. The imports that have grown relatively fast include components of automatic data processing equipment, ships and Marine engineering equipment, etc.

On the morning of April 14th, 10 hydrogen-powered heavy-duty trucks fully loaded with chemicals, laptops, auto parts and other goods set off after refueling at the Sinopec Chongqing Petroleum Ganshui Hydrogen Refueling Station. They will pass through Guizhou and eventually arrive at Qinzhou Port in Guangxi to set sail. China's first cross-regional hydrogen fuel cell heavy-duty truck trunk line has thus been officially completed and will enter a regular operation stage. This "hydrogen Corridor" is approximately 1,150 kilometers long and has four hydrogen refueling stations along the way. It will drive the application scenarios of medium and short-distance branch logistics in the surrounding areas of Chongqing, Guizhou and Guangxi. It is an important step forward in the development of the hydrogen energy industry in the western region of China and is of great significance for accelerating the construction of an economic, efficient, convenient, green and safe new Western Land-sea Corridor.   The "Hydrogen Corridor" of the Western Land-Sea New Corridor is China's first trunk logistics channel centered on hydrogen fuel cell heavy-duty trucks. All four hydrogen refueling stations in the first phase were constructed by Sinopec, namely Chongqing Ganshui Hydrogen Refueling Station, Guiyang Comprehensive Bonded Hydrogen Refueling Station, Baise Weixin Hydrogen Refueling Station and Nanning Zhenxing Hydrogen Refueling Station, forming a stable hydrogen supply network. The "Hydrogen Corridor" passes through areas such as Chongqing Changshou, Guizhou Liupanshui, and Guangxi Baise, which are rich in hydrogen energy resources. Technologies such as electrolytic water hydrogen production and ammonia decomposition hydrogen production have been applied on a large scale. The annual output of industrial by-product hydrogen exceeds 400,000 tons, which can support the demand of 360,000 logistics vehicles. By building long-distance and high-drop trunk hydrogen energy application scenarios and innovating the "land-to-sea" logistics operation model, it provides a leading and referential solution for hydrogen energy transportation under complex geographical conditions across the country.       It is not only a logistics channel but also an industrial link. According to the operation platform of the New Land-Sea Corridor, the potential cargo sources in both directions of the trunk line alone amount to 220,000 TEUs per year, and they pass through Chongqing Road Logistics Base, Guizhou Express Logistics Park, Nanning Shajing Jiangnan Logistics Park, etc., with rich application scenarios. The construction of this "Hydrogen Corridor" will fully leverage the resource and industrial advantages of the provinces, autonomous regions and municipalities along the route, and build a hydrogen energy all-industry development pattern of "green channel logistics system + hydrogen energy supply system + hydrogen energy industry innovation system", promoting the deep integration of transportation, energy and industry, and achieving a positive interaction between economic and social development and ecological and environmental protection. Contribute to the construction of the New Western Land-Sea Corridor and the high-quality development of the western region.       Sinopec contributes to the efficient completion of the "Hydrogen Corridor" of the Western Land-Sea New Corridor. Sinopec Chuanwei Chemical, in collaboration with Chongqing Petroleum, has innovatively built the largest fuel cell hydrogen supply center in Southwest China in the absence of any referential experience at home and abroad, using by-product hydrogen. The first phase has a daily hydrogen supply capacity of 3,200 kilograms and has become an important storage facility supporting the construction of the hydrogen corridor. Chongqing Petroleum was the first to build and put into operation seven hydrogen refueling stations, becoming the largest hydrogen refueling operator in Chongqing. It also built the world's first hydrogen refueling station using underground hydrogen storage Wells and the first comprehensive refueling station in Southwest China covering all business forms including oil, gas, hydrogen, electricity and services. Guangxi Petroleum has built 7 hydrogen refueling stations and is the largest supplier of hydrogen energy for vehicles in Guangxi. It was the first in the country to create the first commercial ammonia decomposition hydrogen production and refueling integrated station. It also took the lead in establishing the "Guangxi Hydrogen Energy Federation", building a hydrogen energy platform for communication between government and enterprises, industry exchanges, and collaboration among industry, academia, research and application, as well as the industrial chain. Relying on the construction of the No. 2 hydrogen refueling station in Guiyang Comprehensive Bonded Zone, Guizhou Petroleum has promoted the coordination of policies, technologies and resources, created a model for hydrogen refueling station construction, and laid a foundation for the development of hydrogen refueling business within the province.   Yu Baocai, senior vice president of Sinopec Corporation, said that Sinopec actively responds to the national "dual carbon" strategy, fully supports the construction of the "Hydrogen Corridor" of the Western Land-Sea New Corridor, and provides stable and efficient hydrogen supply guarantee for hydrogen fuel cell heavy trucks. In the future, we will continue to increase investment, improve the layout of hydrogen refueling networks along the routes, promote technological innovation in green hydrogen production, and ensure the safe and reliable supply of hydrogen energy. Meanwhile, we will deepen cooperation with all parties in the industrial chain, jointly explore cost reduction and efficiency improvement paths in hydrogen storage, transportation, refueling and other links, help build a green and low-carbon hydrogen logistics demonstration project, and contribute to the country's energy transformation and high-quality development.   Sinopec actively promotes the development of hydrogen energy transportation. Sinopec has been continuously building itself into the leading hydrogen energy company. It has established 11 hydrogen supply centers for hydrogen fuel cells and 144 hydrogen refueling stations. Seven "hydrogen corridors" have been built, including the Western Land-Sea New Corridor, Beijing-Shanghai, Beijing-Tianjin, Chengdu-Chongqing, Shanghai-Jiaxing-Ningbo, Jizhou-Qingdao and Han-Yi Expressways, basically covering the "3+2" hydrogen fuel cell demonstration city clusters. It has become the enterprise with the most hydrogen refueling stations in operation globally. Next, Sinopec will continue to actively respond to the "Hydrogen Energy Expressway" initiative of the State-owned Assets Supervision and Administration Commission of the State Council. It will join hands with vehicle manufacturers, hydrogen fuel cell system enterprises, large logistics enterprises, hydrogen energy and hydrogen refueling station operation enterprises, etc., gradually connecting points into lines and lines into a surface, consolidating and improving the hydrogen energy production, supply, storage and sales network, and continuously exploring scalable and sustainable business models. Lead the high-quality development of the hydrogen energy industry chain.

On April 16, the National Bureau of Statistics released data showing that in March, the added value of industrial enterprises above designated size increased by 7.7% year-on-year in real terms and by 0.44% month-on-month. Among them, the oil and gas extraction industry increased by 6.8% year-on-year, the chemical raw materials and chemical products manufacturing industry increased by 8.8% year-on-year, and the rubber and plastic products industry increased by 7.6% year-on-year.   Looking at the three major categories, in March, the added value of the mining industry increased by 9.3% year-on-year, that of the manufacturing industry rose by 7.9%, and that of the power, heat, gas and water production and supply industry grew by 3.5%.   By economic type, in March, the added value of state-controlled enterprises increased by 5.3% year-on-year. Joint-stock enterprises increased by 8.3%, and foreign-funded and Hong Kong, Macao and Taiwan-invested enterprises increased by 5.2%. Private enterprises increased by 8.2%.   By industry, in March, among the 41 major industries, the added value of 39 industries maintained year-on-year growth. Among them, the coal mining and washing industry increased by 10.6%, the oil and gas extraction industry by 6.8%, the processing industry of agricultural and sideline products by 5.4%, the manufacturing industry of wine, beverages and refined tea by 7.3%, the textile industry by 5.7%, the manufacturing industry of chemical raw materials and chemical products by 8.8%, and the non-metallic mineral products industry by 0.9%. The ferrous metal smelting and rolling processing industry increased by 7.7%, the non-ferrous metal smelting and rolling processing industry by 6.5%, the general equipment manufacturing industry by 9.3%, the special equipment manufacturing industry by 4.7%, the automotive manufacturing industry by 11.5%, and the railway, shipbuilding, aerospace and other transportation equipment manufacturing industry by 19.0%. The electrical machinery and equipment manufacturing industry increased by 13.0%, the computer, communication and other electronic equipment manufacturing industry increased by 13.1%, and the power, heat production and supply industry increased by 3.3%.   By product, in March, among the 623 products of industrial enterprises above designated size, the output of 405 products increased year-on-year. Among them, steel production reached 134.42 million tons, increasing by 8.3% year-on-year. Cement production reached 157.88 million tons, increasing by 2.5%. Ten kinds of non-ferrous metals reached 6.92 million tons, increasing by 3.7%. Ethylene reached 3.19 million tons, increasing by 6.1%. The number of automobiles reached 3.045 million, increasing by 8.4%. Among them, the number of new energy vehicles was 1.298 million, growing by 40.6%. The power generation was 778 billion kilowatt-hours, increasing by 1.8%. The crude oil processing volume was 63.06 million tons, increasing by 0.4%.   In March, the product sales rate of industrial enterprises above designated size was 93.0%, down 0.1 percentage point year-on-year. Industrial enterprises above designated size achieved an export delivery value of 1,349.3 billion yuan, representing a nominal year-on-year increase of 7.7%.   From January to March, the added value of industrial enterprises above designated size increased by 6.5% year-on-year. Among them, the oil and gas extraction industry increased by 3% year-on-year, the chemical raw materials and chemical products manufacturing industry increased by 9.2% year-on-year, and the rubber and plastic products industry increased by 8.4% year-on-year.

It was learned from China State Shipbuilding Corporation that on April 15th, the world's largest 24,000 TEU dual-fuel powered container ship was officially delivered, once again setting a new record for the construction of dual-fuel container ships in China. After delivery, this vessel will be used for cargo transportation on the Far East to Europe route.   The world's largest dual-fuel-powered container ship delivered today can carry 220,000 tons of cargo at a time. With about 24,000 containers stacked in height, it is equivalent to a 25-story building and is known as the "super cargo carrier" at sea. Meanwhile, this type of vessel also uses green fuel - liquefied natural gas as its power source, which can provide the ship with an ultra-long range of nearly 20,000 nautical miles for a single voyage.   Wang Jiaying, the marketing director of Hudong-Zhonghua of China State Shipbuilding Corporation, said that this ship is the most advanced in the world. Its feature is that it uses liquefied natural gas as the power source, which is cleaner and more environmentally friendly. Moreover, its container loading volume is also the largest in the world, which greatly improves the efficiency and economy of sea transportation.   Experts told reporters that China has continuously set new records in the field of container ship construction - from 21,000 TEUs to 23,000 TEUs, and now to the 24,000 TEUs delivered today. While ships are getting larger and larger, the construction period is also getting shorter and shorter, which reflects China's shipbuilding capabilities.

The Ministry of Industry and Information Technology and the Ministry of Ecology and Environment have recently organized and carried out the recommendation work for major environmental protection technologies and equipment that the state encourages to develop in 2025.   This application will focus on the continuous and in-depth fight against pollution in the industrial sector and the main indicators of national ecological and environmental protection. It will strengthen innovation-driven development, break through the technical bottlenecks in key core technologies and processes of environmental protection equipment, as well as in the fields of supporting components, materials, and chemicals. Strengthen the promotion and application of advanced and applicable environmental protection equipment in key fields such as metallurgy, chemical engineering, building materials, light industry, textile, and electroplating, and continuously enhance the standardization, completeness, high-end, intelligence, and greenness of environmental protection equipment.   The scope of the technical equipment declared this time includes 11 sub-sectors: air pollution prevention and control, water pollution prevention and control, soil pollution remediation, solid waste treatment, noise and vibration control, special instruments and meters for environmental monitoring, special materials and agents for environmental pollution prevention and control, emergency treatment of environmental pollution, special components for environmental pollution prevention and control equipment, co-processing of pollution reduction and carbon emission reduction, and treatment of new pollutants.   The categories of technical equipment are divided into research and development, application and promotion. Among them, the research and development category refers to the technical equipment that has achieved major technological breakthroughs through independent research and development, technology introduction and other means and has been preliminarily verified by users. The application category refers to the technical equipment that is leading domestically, has a leading role in the industry and market application prospects, and has achieved industrialized production. Promotion category refers to technical equipment that is mature and reliable in technology, has great promotion potential, is economically applicable and has successful application cases.   This application work requires that the recommended enterprises have no record of illegal or irregular activities in the past three years, and have not been included in the list of enterprises with abnormal business operations or the list of seriously law-breaking and untrustworthy entities. The recommended technical equipment is at the leading level in the industry, with clear intellectual property rights or proprietary technology rights. It complies with relevant product quality standards and technical specifications for the acceptance of environmental protection facilities. After application, the control of pollutants is better than the relevant national pollution discharge standards, or better than the special emission limits for key regions, key river basins, and key industries.

On the 15th, it was learned from the State Farms Bureau of the Ministry of Agriculture and Rural Affairs that in recent years, China has strengthened overall planning, closely collaborated and cooperated with relevant entities such as industry, academia, research and application, and fully strengthened the five major measures of "policy support, technological innovation, talent foundation strengthening, foreign cooperation and historical culture", promoting the development of the natural rubber industry to achieve positive results.   It is understood that in terms of policy support, in recent years' No. 1 Central Document, it has been clearly stated that pilot projects for the renewal and transformation of old natural rubber plantations should be carried out, supportive policies for natural rubber should be improved, and efforts should be made to ensure the stable production and quality improvement of natural rubber. Recently, the "Plan for Accelerating the Building of a Strong Agricultural Country (2024-2035)" issued by the Central Committee of the Communist Party of China and The State Council proposed to promote the renewal and transformation of old natural rubber plantations and accelerate the construction of special rubber plantations.   In terms of scientific and technological innovation, the State Farms Bureau of the Ministry of Agriculture and Rural Affairs stated that China has established a natural rubber research system with the Chinese Academy of Tropical Agricultural Sciences as the core, local research institutes as the backbone, and leading enterprises and research institutions as supplements. It has won over 100 national awards and more than 300 provincial and ministerial-level awards in total.   In terms of strengthening the foundation with talents, the relevant departments of the major rubber production areas actively organize personnel to participate in various technical training, skills competitions and demonstration observations and other exchange activities, exploring the establishment of a stable core rubber worker team. All regions have been continuously strengthening the construction of teams of scientific and technological innovation talents and intensifying the introduction and cultivation of high-level scientific and technological talents. Establish and improve the incentive system for rubber talent cultivation.   In terms of international cooperation, the State Farms Bureau of the Ministry of Agriculture and Rural Affairs stated that China's leading natural rubber enterprises, while stabilizing domestic production and supply, actively participate in the high-quality joint construction of the "Belt and Road Initiative", and lay out the entire industrial chain of natural rubber on a global scale to expand development space. It is reported that currently, China's overseas investment mainly focuses on planting and processing, and is constantly expanding to logistics, trade and other links. The investment regions mainly focus on Southeast Asian countries such as Thailand, Indonesia and Malaysia, and gradually expand to African countries such as Cote d 'Ivoire and Cameroon.   In addition, in recent years, Hainan, Yunnan, Guangdong and other places have carried out protective development of the rubber red resources within their jurisdictions in accordance with local conditions, and transformed them into rubber cultural and tourism complexes with multiple functions such as study and exchange, leisure agriculture and cultural experience, injecting cultural cohesion into the development of the industry.   While recognizing the good results achieved in the development of the industry, we should also deeply understand that the task of ensuring the security of natural rubber supply in our country in the future remains arduous. A responsible person from the State Farms Bureau of the Ministry of Agriculture and Rural Affairs stated that in the next step, efforts should still be made continuously to play the "combination punch" of these five measures well, promote the healthy development of the natural rubber industry, and lay a solid foundation for high-quality development.

Recently, Professor Huang Wencai from the School of Electronic Science and Technology of Xiamen University, in collaboration with Professor Lyu Fengzai from Fuzhou Fuzhi PhotoCatalysis Research Center and Professor Dong Zhenchao from the University of Science and Technology of China, has made a significant breakthrough in the field of hydrogen production from seawater through photysis. They developed a porous microreactor chip, setting new records for the photo-hydrogen conversion efficiency (STH efficiency) and stable operation duration of hydrogen production from natural seawater at normal temperature and pressure.   Hydrogen production by photolysis of seawater is an ideal way of hydrogen production. However, the stability of the existing system can only be maintained for about 10 hours. The reported STH efficiency of water photolysis at near-normal pressure and normal temperature is only 0.41% at most, which is still far from industrialization.   In response to this, the research team developed a porous microreactor chip based on vacancy engineering, achieving breakthroughs in multiple performance aspects. The research team proposed a design scheme for depositing thin films on porous substrates and developed a semiconductor chip with excellent performance. This chip can stably operate in natural seawater for over 300 hours, far exceeding the durability bottleneck of 10 hours, with an STH efficiency reaching 0.92%.   It is understood that the research team has completed the design of the first fully solar-driven hydrogen production module and successfully carried out the experiment of hydrogen production by photolysis of seawater under outdoor natural conditions.

Recently, Professor Huang Wencai from the School of Electronic Science and Technology of Xiamen University, in collaboration with Professor Lyu Fengzai from Fuzhou Fuzhi PhotoCatalysis Research Center and Professor Dong Zhenchao from the University of Science and Technology of China, has made a significant breakthrough in the field of hydrogen production from seawater through photysis. They developed a porous microreactor chip, setting new records for the photo-hydrogen conversion efficiency (STH efficiency) and stable operation duration of hydrogen production from natural seawater at normal temperature and pressure.   Hydrogen production by photolysis of seawater is an ideal way of hydrogen production. However, the stability of the existing system can only be maintained for about 10 hours. The reported STH efficiency of water photolysis at near-normal pressure and normal temperature is only 0.41% at most, which is still far from industrialization.   In response to this, the research team developed a porous microreactor chip based on vacancy engineering, achieving breakthroughs in multiple performance aspects. The research team proposed a design scheme for depositing thin films on porous substrates and developed a semiconductor chip with excellent performance. This chip can stably operate in natural seawater for over 300 hours, far exceeding the durability bottleneck of 10 hours, with an STH efficiency reaching 0.92%.   It is understood that the research team has completed the design of the first fully solar-driven hydrogen production module and successfully carried out the experiment of hydrogen production by photolysis of seawater under outdoor natural conditions.

On the morning of April 15th, the green hydrogen alcohol aviation fuel chemical co-production project, invested and constructed by Ningxia Jiaze Group Co., Ltd. with a total investment of 8 billion yuan, officially broke ground in the Chemical Industry Park of Jidong County, Jixi City, Heilongjiang Province.   This project mainly uses biomass straw as raw material to produce green ethanol through fermentation and catalytically synthesize green aviation fuel. After the project is completed, it can achieve an annual production capacity of 450,000 tons of green methanol, 150,000 tons of green ethanol and 120,000 tons of green aviation fuel. It is expected to generate an annual output value of approximately 600 million US dollars (4.38 billion RMB), pay taxes of over 300 million yuan, create 800 direct new jobs and 2,000 indirect jobs, and effectively consume agricultural and forestry waste. Drive the in-depth development of the green fine chemical industry in Jixi City.   The utilization of biomass as a carbon source, coupled with photovoltaic electrolysis of water to produce "green hydrogen", and the catalytic synthesis of green aviation fuel and green methanol have become current hotspots in green and low-carbon technology research and development and emerging directions in the energy and chemical industries.   It is predicted that by 2050, sustainable jet fuel (SAF) is expected to contribute up to 65% of the net-zero carbon emissions path in the aviation industry. Due to the fact that chemical battery and hydrogen fuel cell technologies are still not mature at present and cannot match fossil fuels in terms of energy density, the development of SAF is the most important way for the zero-carbon transformation of aviation.   SAF is divided into biofuels and non-biorenewable fuels. Compared with traditional petroleum-based aviation kerosene, the greenhouse gas emissions of non-biorenewable fuels can be reduced by 65% to 85%. The main energy and raw materials of non-biosynthetic aviation fuel are renewable electricity (wind power, photovoltaic power), electrolyzed water to produce green hydrogen and carbon dioxide synthesis, so it is also called E-fuels.   The global gap of SAF is relatively large, and the current usage proportion is less than 0.01%. The International Air Transport Association (IATA) predicts that by 2025, SAF will replace 1% to 2% of aviation fuel, with a demand of approximately 6.3 million tons. The demand for SAF will reach 358 million tons in 2050. The huge global demand and the severe shortage of production capacity will create a brand-new blue ocean market for SAF.

Recently, the Ministry of Ecology and Environment issued the "Opinions on Strengthening the Environmental Impact Assessment of Construction Projects Involving New Pollutants in Key Industries", explicitly prohibiting the approval of construction projects that do not meet the requirements for new pollutant control.   A responsible person from the Department of Environmental Impact Assessment and Emission Management of the Ministry of Ecology and Environment stated that currently, the governance of new pollutants in China is in its infancy and still faces problems such as unclear control scope, incomplete relevant environmental standard system, and lack of control measures. The management and technical support that can be relied upon to comprehensively carry out the assessment of new pollutants in environmental impact assessment is insufficient. Therefore, it is necessary to clarify which new pollutants should be included in the environmental impact assessment, and how to evaluate and effectively control new pollutants that have no standard control.   The Opinion places the evaluation focus on key industries and new pollutants with relevant standards or monitoring methods, clarifies the environmental access requirements for projects and the requirements for evaluation work, and gives full play to the role of environmental impact assessment in source prevention and green guidance.   First, new, expanded or renovated projects that produce or use new pollutants on the list of key controlled new pollutants and those explicitly prohibited by the convention must be resolutely not approved.   Second, construction projects should optimize raw materials, processes and treatment measures to reduce the generation of new pollutants from the source.   Third, for new pollutants with existing discharge standards, requirements should be put forward to ensure compliance with discharge standards and incorporated into the management of pollutant discharge permits.   Fourth, for new pollutants with environmental quality standards and corresponding monitoring methods, requirements for current monitoring, evaluation and prediction of regional environmental quality are put forward.   Fifth, for new pollutants that have no environmental quality standards but have monitoring methods, daily monitoring and surveillance should be carried out.   The Opinion focuses on six industries, namely petrochemicals, coatings, textile printing and dyeing, rubber, pesticides and pharmaceuticals. When conducting environmental impact assessment for construction projects in these six industries, the first step is to identify and sort out the possible new pollutants based on the raw and auxiliary materials and products of the project. If no new pollutants of particular concern are involved, no relevant work is required. If involved, the assessment should be conducted based on the specific circumstances of the pollutant, in combination with relevant technical requirements such as the current technical guidelines for environmental impact assessment and the technical guidelines for the preparation of environmental impact reports for construction projects.   The new pollutants that need to be included in the environmental impact assessment work currently mainly refer to the 14 types of key controlled new pollutants clearly defined in the "List of Key Controlled New Pollutants (2023 Edition)", as well as the list of toxic and harmful pollutants, the list of priority controlled chemicals, and the chemical substances in the annex to the Stockholm Convention. As some of these new pollutants do not yet have relevant environmental quality standards, pollutant discharge standards or environmental monitoring standards, and thus do not meet the conditions for conducting evaluations, we propose to focus on the pollutants in the above list that have already been issued with environmental quality standards, pollutant discharge standards, environmental monitoring standards, or have monitoring method standards and pollution control technologies.   The Ministry of Ecology and Environment requires that in the environmental impact assessment management of specific construction projects, environmental impact assessment approval departments at all levels should pay close attention to the new pollutants that the projects may involve, strictly review the raw and auxiliary materials and products of construction projects, and not approve construction projects that use new pollutants prohibited from production, processing and use as raw and auxiliary materials or products in accordance with the law. For other projects involving new pollutants that need to be included in environmental impact assessment management, the relevant requirements of the "Opinions" must be strictly implemented in the approval process.

Dow Consumer Solutions' Silicone Business unit announced that Dow's silicone business will increase the prices of its products starting from April 20, 2025 or the date permitted by the contract. The adjusted increase will be 5-10% based on different product lines and markets.   This price adjustment is dedicated to ensuring that Dow's consumer Solutions silicone business remains a long-term and reliable supplier, continuously meeting customers' expectations for product innovation, technology and application support. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

On April 17th, Fangyuan Co., Ltd. announced that due to changes in the market environment and the company's business development strategy, it has decided to terminate the "Battery-grade lithium Carbonate Production and Comprehensive Utilization of Spent lithium iron Phosphate Batteries Project" with an investment of no more than 3 billion yuan.   The project was originally planned to be constructed in two phases. The first phase included an annual production capacity of 30,000 tons of battery-grade lithium carbonate and 46,000 tons of lithium iron phosphate precursors, while the second phase included an annual production capacity of 40,000 tons of lithium iron phosphate cathode materials. The company has actually invested 97 million yuan in this project and has carried out the land reserve withdrawal treatment for the project. The company will handle the subsequent matters such as the cancellation of Fangyuan Lithium Industry.   Fangyuan Co., Ltd. mentioned in the announcement that the decision aims to optimize resource allocation, reduce business risks and enhance the company's operational efficiency. To some extent, it can be seen that the company has re-evaluated its future business strategy. In the context of increasing market uncertainties, how to allocate resources more effectively and maximize value has become an important issue that listed companies must confront.   By terminating this project, Fangyuan Co., Ltd. will be able to invest 3 billion yuan in other more promising business areas, such as technological innovation, product research and development, and market expansion. Such adjustments will help enhance the company's core competitiveness and ensure sustainable development in the future.   After terminating the production of battery-grade lithium carbonate and the comprehensive utilization project of spent lithium iron phosphate batteries, how Fangyuan Co., Ltd. will plan its future business is worth further attention from the market.

The National Bureau of Statistics released data on April 16. In the first quarter of 2025, the capacity utilization rate of industrial enterprises above designated size across the country was 74.1%, up 0.5 percentage points from the same period of the previous year. Among them, the oil and gas extraction industry accounted for 92.4%, the chemical raw materials and chemical products manufacturing industry accounted for 73.5%, and the chemical fiber manufacturing industry accounted for 86.3%.   Looking at the three major categories, in the first quarter of 2025, the capacity utilization rate of the mining industry was 74.6%, a decrease of 0.4 percentage points compared with the same period of the previous year. The capacity utilization rate of the manufacturing industry was 74.1%, rising by 0.3 percentage points. The capacity utilization rate of the electricity, heat, gas and water production and supply industry was 73.6%, rising by 2.4 percentage points.   By major industries, in the first quarter of 2025, the capacity utilization rate of the coal mining and washing industry was 71.9%, that of the food manufacturing industry was 69.3%, that of the textile industry was 77.8%, that of the chemical raw materials and chemical products manufacturing industry was 73.5%, that of the non-metallic mineral products industry was 60.9%, and that of the ferrous metal smelting and rolling processing industry was 79.3%. The non-ferrous metal smelting and rolling processing industry accounted for 77.5%, the general equipment manufacturing industry for 78.1%, the special equipment manufacturing industry for 75.6%, the automotive manufacturing industry for 71.9%, the electrical machinery and equipment manufacturing industry for 71.7%, and the computer, communication and other electronic equipment manufacturing industry for 74.7%.

On April 15 local time, a "fact sheet" regarding Section 232 released on the White House website of the United States mentioned that "China is now facing tariffs of up to 245% on products imported into the United States." At the regular press conference of the Ministry of Foreign Affairs on the 16th, a reporter asked the Chinese side questions about the above situation.   Chinese Foreign Ministry Spokesperson Lin Jian said in response to relevant inquiries, "You can ask the US side for the specific figure of the tax rate." He said that China has repeatedly stated its solemn position on the tariff issue. This tariff war was initiated by the US side. China has taken necessary countermeasures to safeguard its own legitimate rights and interests and international fairness and justice, which is completely reasonable and legal. There are no winners in tariff wars and trade wars. China is reluctant to fight, but it is by no means afraid of doing so. -----------------------------------------------------

Recently, the Nantong Municipal Data Bureau released the environmental impact report of Kesen (Nantong) New Materials Co., Ltd. with an annual output of 1 million tons of bottle-grade polyester chips (800,000 tons of PET, 200,000 tons of RPET) and 2178 tons of acetaldehyde as a by-product to be approved.   Project details   Project name: Annual output of 1 million tons of bottle grade polyester chips (800,000 tons of PET, 200,000 tons of RPET) and 2178 tons of acetaldehyde by-product project   Construction unit: Kosen (Nantong) New Materials Co., LTD   Nature of construction: New construction   Construction location: South of Weifang Road, west of Jinger Road, Yangkou Port Lingang Industrial Zone, Rudong County, Nantong City, Jiangsu Province   Floor area: 138062.66m²   Total investment: The total investment of the first phase is 1026.76 million yuan, the total investment of the second phase is 1313.47 million yuan, the total investment of 2340.23 million yuan: the environmental protection investment is about 112.5 million yuan, accounting for 4.8% of the total investment.   Construction content: The project is planned to build a total annual output of 1 million tons of bottle-grade polyester chips (800,000 tons of PET, 200,000 tons of RPET) and 2178 tons of acetaldehyde by-product project. The project is divided into two phases, and the contents are as follows:   Phase I: 2 PET production lines with an annual output of 200,000 tons (including esterification device and polymerization device), 1 set of by-product acetaldehyde recovery device (annual output of 908.3 tons in phase I, annual output of 1269.7 tons in phase II, annual output of 2178 tons after completion of Phase II), and corresponding public works and auxiliary facilities:   Phase II: 2 PET production lines with an annual output of 200,000 tons (including esterification unit and polymerization unit), 1 RPET production line with an annual output of 200,000 tons (including broken bottle sheet recycling unit and polymerization unit), as well as corresponding utilities and auxiliary facilities.   The PET synthesis process of the project adopts the most mature direct esterification and continuous polycondensation process to produce polyester. With terephthalic acid (PTA) and ethylene glycol (EG) as the main raw materials, polyethylene terephthalate (PET) is produced through esterification reaction and polycondensation reaction.   Direct esterification has the advantages of low raw material consumption and short reaction time, and has become the main process and preferred technical route of polyester since the 1980s. At the same time, compared with the current three-kettle process and four-kettle process, the reaction of each stage of the five-kettle process is more uniform and less by-products. The five-kettle process adopts lower esterification temperature and lower operating pressure, and the operating flexibility, stability, comprehensive energy consumption and product quality are superior to other modes.   The PET production plant adopts the proprietary technology of Oerlikon Bamag Gehuitong (Yangzhou) Engineering Co., LTD. (referred to as: OBHE). The dealdehyde device for PET production adopts the patented technology of KOKSAN Group, the construction unit. Compressed air is used to replace conventional nitrogen to dealdehyde the high-viscosity sections in the polymerization stage. The operating cost and energy consumption are significantly reduced, and the technology is obviously advanced.   The RPET synthesis process of the project is planned to adopt the patented technology of the construction unit KOKSAN Group, chemical alcoholysis of the purchased broken bottles, and then polymerization, to produce high-viscosity slices (IV=0.820), and finally send to the dealdehyde deformalization device of KOKSAN Group for dealdehyde treatment, so as to realize the regeneration of broken bottles, which is the first in China.

On April 15, BOE A released the 2024 annual performance bulletin. The company's total revenue in 2024 reached 198,381 billion yuan, an increase of 13.66%. Operating profit was 493,100 yuan, an increase of 224.67% over the same period last year. Net profit attributable to shareholders of listed companies was 5.323 billion yuan, an increase of 108.97%.   The main reasons for the increase in performance are:   1. In 2024, the international environment is complex and changeable, the domestic economy is generally good, and the industry shows a pattern of "weak growth and rebalancing". In the face of many internal and external challenges, the company continues to maintain the leading edge in the field of semiconductor display, smart response, seize opportunities, operating performance to achieve year-on-year growth.   2, LCD, by the supply side adhere to the demand production, the demand side of the "old for new" policy strong stimulus, innovative application expansion of the incremental impact, the main application areas show structural improvement. TV applications increased significantly year-on-year, and the mainland Chinese market returned to a growth trend in the second half of the year, and the degree of large size reached a new high; Overseas market demand, driven by sports events and promotions, also showed a good trend, and product prices fluctuated upward throughout the year.   The company adheres to the leadership of innovation, continuously optimizes the product structure, and works closely with brand customers to maintain the world's first shipment in mainstream applications such as smartphones, tablets, laptops, desktop monitors, and TVS. The company focuses on super size (85 inches and above) products, shipments ranked first in the world; UB Cell technology continues to iterate to match the needs of high-end TV products.   3. In terms of flexible AMOLED, the annual shipment of about 140 million pieces in 2024 continues to grow year-on-year, the product structure is significantly optimized, and the proportion of high-end products is significantly increased. Among them, the world's first three-fold product was delivered in mass production, and the overall shipment of folded products increased by about 40%; Tandem Double-layer tandem smartphone terminal solution is available exclusively for flagship models of several brands to achieve mass production. At the same time, the company actively layout the vehicle, IT and other medium-sized innovation applications, continue to strengthen their own product and technical capabilities, and steadily improve the overall competitiveness of the company's flexible AMOLED business.   4, Under the guidance of the "Screen of Things" strategy, the company's innovative business results emerged. MLED business strategy focus results showed initial results, business improvement is obvious; Sensing smart window revenue doubled year-on-year, and the light curtain side window products achieved high-end customer fixed-point; Smart medical industry business revenue, outpatient volume, discharge volume continued to grow.   5. In 2024, the company innovatively proposed the "N curve" theory based on the strategy of "Screen of Things", and the related business progressed smoothly. The perovskite pilot line successfully produced the industry's first 2.4m×1.2m photovoltaic cell sample, and the conversion efficiency reached the industry's top level; Glass-based packaging to achieve key technological breakthroughs; The "AI+" strategy was officially released to actively promote AI in manufacturing, product innovation, operation and management.

On April 13, according to industry insiders, Maoming Petrochemical 50,000 tons of POE a successful drive. Maoming Petrochemical 50,000 tons/year polyolefin elastomer (POE) industrial test equipment project with a total investment of 998 million yuan, mainly to build a set of 50,000 tons/year polyolefin elastomer (POE) industrial test equipment, a intermediate tank area and supporting waste gas treatment facilities, the planned construction period is March 2023 - March 2025.   The main raw materials such as ethylene, 1-octene, 1-butene and hydrogen required for the production of this project are produced by the chemical factory, and raw materials such as catalyst, n-hexane, triisobutylaluminum, antioxidant masterbatch and cocatalyst are purchased. The designed production capacity is 50,000 tons/year, including 30,000 tons/year of 1-octene elastomer and 20,000 tons/year of 1-butene elastomer.   It is reported that Maoming Petrochemical 50,000 tons/year POE industrial test equipment project is China petrochemical's first independent research and development of polyolefin elastomer industrialization test project, after production can break the technological monopoly of foreign companies in the POE field, effectively protect the independent control of the supply chain of new energy materials.   Recently, Wanhua Chemical 400,000 tons/year polyolefin elastomer project also ushered in significant progress:   On June 14, Yantai Penglai District Administrative Examination and Approval Service Bureau on Wanhua Chemical (Penglai) Co., LTD. 400,000 tons/year polyolefin elastomer project (Plot 1) construction land and Wanhua Chemical (Penglai) Co., LTD. 400,000 tons/year polyolefin elastomer project (Plot 2) construction land planning permission before the announcement, June 29, 2024, Wanhua Chemical Phase I 200,000 tons/year POE project successfully put into operation. Wanhua Chemical Penglai Phase II 400,000 tons POE project has started construction, is expected to be completed and put into operation at the end of 2025, when the total capacity of Wanhua POE will reach 600,000 tons/year.

On April 13, local time, the British government announced that in order to reduce the burden on enterprises and promote economic growth, it will suspend tariffs on 89 products from today. The government said it would suspend tariffs on 89 products until July 2027, including pasta, fruit juices, spices, plastics and garden supplies. 24% of the list is plastic raw materials and products, from food packaging films to auto parts molds are listed. In the case of fruit juice, the tariffs, which were previously between 14% and 30%, will be reduced to zero during the suspension. The government said the move would save businesses around £17m a year and could eventually benefit consumers.   British Prime Minister Starmer recently said he would take "all necessary measures" to protect British businesses from the trade conflict, and the suspension of tariffs on a wide range of products is part of those measures. The government has also announced a £20bn expansion of export finance support, including dedicated support for companies affected by US tariffs, and small businesses will also be able to access loans of up to £2m.   It is understood that some of the data of China's exports to the UK are:   China's export of scissors and knives to the UK has increased by 17.2% for three consecutive years   Zhejiang plastic mould companies account for 38% of UK imports   Small home appliance manufacturers in Guangdong have seen a 40 per cent surge in UK orders   After the suspension of tariffs on 89 goods, the price advantage of Chinese products has been further highlighted, which may accelerate the seizure of the British market.   For Chinese enterprises, the UK's open market, combined with the cost competitiveness advantage of Chinese manufacturing, will bring a surge in orders in the short term (Chinese enterprises should pay attention to the adjustment of relevant product standards in the UK). At the same time, it is also necessary to pay attention to the possibility that the United Kingdom may take advantage of the EU, ASEAN, etc., to form a "de-China-Us" and force China to upgrade its industry.   The UK's Tax on Plastic products mainly includes the Plastic Packaging Tax (PPT) :   • From 1 April 2022, the UK will impose a plastic packaging tax (PPT) on plastic packaging that is manufactured or imported into the UK in quantities exceeding 10 tonnes per year and uses less than 30% recycled plastic.   • From 1 April 2025, the rate of this tax will increase from £217.85 per tonne to £223.69;   From 13 April 2025, the UK will suspend tariffs on 89 products, including plastic products.

In March, the added value of chemical raw materials and chemical products manufacturing industry increased by 8.8% year-on-year   2025-04-16 14:34:43   According to data released by the National Bureau of Statistics on April 16, in March, the value-added of industrial enterprises above designated size increased by 7.7% year-on-year in real terms, and increased by 0.44% month-on-month. Among them, the oil and gas mining industry increased by 6.8%, chemical raw materials and chemical products manufacturing increased by 8.8%, and rubber and plastic products industry increased by 7.6%.   In three categories, mining added value increased 9.3 per cent year on year in March, manufacturing increased 7.9 per cent and electricity, heat, gas and water production and supply increased 3.5 per cent.   By economic type, in March, the added value of state-owned enterprises increased by 5.3% year-on-year; Joint-stock enterprises grew by 8.3%, and enterprises with foreign investment and investment from Hong Kong, Macao and Taiwan increased by 5.2%. The private sector grew by 8.2%.       By industry, in March, 39 of the 41 major industries maintained year-on-year growth in added value. Among them, the coal mining and washing industry grew by 10.6%, the oil and natural gas extraction industry by 6.8%, the agricultural and sideline food processing industry by 5.4%, the wine, beverage and refined tea manufacturing industry by 7.3%, the textile industry by 5.7%, the chemical raw materials and chemical products manufacturing by 8.8%, and the non-metallic mineral products industry by 0.9%. Ferrous metal smelting and rolling processing industry grew by 7.7%, non-ferrous metal smelting and rolling processing industry by 6.5%, general equipment manufacturing by 9.3%, special equipment manufacturing by 4.7%, automobile manufacturing by 11.5%, railway, shipping, aerospace and other transportation equipment manufacturing by 19.0%. The manufacturing of electrical machinery and equipment increased by 13.0%, the manufacturing of computers, communications and other electronic equipment increased by 13.1%, and the production and supply of electricity and heat increased by 3.3%.   By product, in March, 405 kinds of products of 623 kinds of industrial products above designated size increased year-on-year. Among them, 134.42 million tons of steel, an increase of 8.3%; 157.88 million tons of cement, up 2.5%; 10 kinds of non-ferrous metals 6.92 million tons, an increase of 3.7%; Ethylene 3.19 million tons, an increase of 6.1%; There were 3.045 million automobiles, an increase of 8.4%, of which 1.298 million were new-energy vehicles, an increase of 40.6%; Power generation was 778 billion KWH, up 1.8%; Crude oil processing was 63.06 million tons, up 0.4%.   In March, the sales rate of industrial enterprises above designated size was 93.0%, down 0.1 percentage points year on year. The export delivery value of industrial enterprises above designated size reached 1,349.3 billion yuan, a nominal increase of 7.7%.   From January to March, the added value of industrial enterprises above designated size increased by 6.5% year-on-year. Among them, the oil and gas mining industry increased by 3%, chemical raw materials and chemical products manufacturing increased by 9.2%, and rubber and plastic products industry increased by 8.4%.