12th Five-Year Target of Petrochemical Equipment Finalized

The national “Twelfth Five-Year” petrochemical equipment industry development target officially surfaced: through the development of high-end equipment, to promote the localization of large-scale complete sets of equipment, vigorously develop energy-saving and environmental protection technology and equipment, improve the ability of independent innovation, etc., to promote the petrochemical equipment industry from big to strong change.

The industry believes that the above goals outline a development road map for the domestic petrochemical equipment industry. Ocean engineering equipment, large-scale refining equipment, and energy-saving and environmental protection equipment are expected to usher in a leap-forward development.

High-end marine equipment seizes opportunities

At the China Petroleum and Chemical Equipment Industry Development Forum hosted by the Petrochemical Federation at the weekend, Li Yongwu, president of the China Petroleum and Chemical Industry Federation, pointed out that China’s petrochemical equipment industry as a whole is “large but not strong” and “twelve five”. In this period, we must seize the favorable opportunity for the country to vigorously develop high-end equipment manufacturing, speed up industrial adjustment, strengthen research and development and industrialization of major technology equipment, and strive to improve the core competitiveness and risk resistance of the industry.

The key to making petrochemical equipment bigger and stronger is to increase the proportion of high-end equipment. At present, the state has identified the five major fields of marine engineering equipment and intelligent manufacturing equipment as the focus of the high-end equipment manufacturing industry, among which the marine engineering equipment is expected by the market.

"Offshore equipment is in the upstream of the oil and chemical equipment industry chain, with high technological content, high added value, strong relevance and strong driving force. With the imbalance of supply and demand of energy resources in the world aggravated, the prospects for the development of offshore equipment are very broad." Yong Wu said that during the "12th Five-Year Plan" period, China's offshore oil and gas field development project construction investment is expected to reach 250 billion -300 billion yuan, the petrochemical equipment industry to seize this rare historical opportunity.

He proposed to develop large-scale, high-end and intelligent offshore operations and auxiliary service equipment, special resources development equipment, large offshore structures, submarine systems, and key equipment systems around exploration, production, processing, storage, transportation, and service. At the same time, we must also promote the development and innovation of marine renewable energy utilization equipment, seabed mineral resources and equipment, and marine monitoring equipment.

Sun Tengliang, chairman of the China Chemical Machinery and Power Technology Association, pointed out that in the “Twelfth Five-Year Plan”, China’s oil and gas exploitation will be based on both land and sea. China's offshore oil and natural gas resources are 24 billion tons and 16 trillion cubic meters respectively, and there is huge room for development.

According to him, after the offshore engineering equipment was listed in the high-end manufacturing special project, it has been determined that the “Twelfth Five-Year Plan” will focus on the development of floating equipment and oil and gas drilling equipment. The former mainly includes platform structures, external transmission systems, engineering vessels, etc. The latter includes equipment modules and underwater equipment.

“Ocean oil and gas development equipment is a typical high-tech, high-risk, high-input, high-value-added industry. During the 12th Five-Year Plan period, CNOOC will invest more than 200 billion yuan to achieve the goal of adding 50 million tons of oil and gas production capacity. Sinopec will also invest heavily in this area. It can be said that offshore oil and gas development equipment has a very broad prospect.” Sun Tengliang said.

National Securities analyst Fu Caixia pointed out that due to the surge in oil prices to stimulate the recovery of the global marine equipment market, coupled with China's future investment in offshore oil and gas field development will increase significantly, domestic marine equipment companies will gradually increase the proportion of import substitution, so the A-share listed The company faces development opportunities.

The marine equipment industry involves offshore oil and gas development, offshore platform manufacturing, auxiliary equipment manufacturing, oil and gas exploration services, and equipment design general contracting. The listed companies include Zhenhua Heavy Industry, China Shipbuilding, China Heavy Industry, CIMC, and the sea. Oil works.

Localization of large-scale complete sets of equipment to promote key

In the process of large-scale changes in petrochemical equipment, localization is the main theme.

During the “Eleventh Five-Year Plan” period, the domestic production rate of domestic petrochemical equipment has greatly increased. According to Wang Tingjun, director of the original localization office of Sinopec Group, after major breakthroughs in the past five years, localization of petrochemical major equipment such as one million tons of ethylene and one million tons of PTA achieved major breakthroughs. Some major equipment that had been relying on imports from abroad began to be based in China. , and promote the application of large petrochemical projects.

“According to investment calculations, the current localization rate of petrochemical equipment, 10 million tons/year oil refining equipment has reached more than 90%, 100 million tons/year localization rate of ethylene equipment has reached more than 75%.” Wang Tingjun said at the forum.

However, he also pointed out that at present, there are still some large-scale, high-end equipment in petrochemical complete sets of equipment that have not yet been developed, or there is still a gap in technical level. This part of the equipment has high technical requirements and is difficult to manufacture. Only a few industrialized countries in the world can manufacture such as large-scale reactors, ultra-high pressure compressors, ultra-low temperature chemical process pumps, high-precision metering pumps, large diaphragm pumps, canned pumps, and magnetic pumps. Wait. For these devices, domestic companies still need to step up development.

Sun Tengliang said that in the future, the start-up scale of new domestic oil refining projects must reach 10 million tons/year. By 2015, the average refining capacity of the national oil refining companies will increase to 6 million tons per year, forming a number of large-scale oil refinery bases of 20 million tons per year.

“In order to improve the quality of oil products, refineries need to increase secondary processing equipment such as hydrocracking, hydrorefining, or catalytic reforming; in order to improve the processing capability of heavy crude oil, it is necessary to expand the capacity of delayed coking, hydrocracking, and hydrorefining. Scale; In order to adapt to the processing of high-sulfur oil, desulfurization equipment and sulfur recovery equipment will also be added,” said Sun Tengliang.

In his view, the focus of the “Twelfth Five-Year” refining equipment manufacturing industry is the large-scale design and manufacturing of refinery equipment, desulfurization, sulfur recovery, coal to hydrogen, catalytic cracking, hydrocracking, hydrofinishing, delayed coking, and catalytic reforming. The key equipment of the device.

In addition, he disclosed that in 2015, the planned ethylene production capacity in China will reach 262-33 million tons. During the “Twelfth Five-Year Plan” period, 700-800 million tons of new ethylene plants will be built. The focus is to continue to increase the quality and operational stability of the million-million-ton ethylene plant. Sex, localization rate from the current 80% to 90%.

“In short, the 'Twelfth Five-Year Plan' will focus on key construction projects, with the focus on complete sets of equipment for 10 million-ton oil-refining, million-ton-grade ethylene, large chemical fertilizers, and large-scale coal chemical industries, and promote the localization and autonomy of major petrochemical equipment.” Li Yongwu said.

Subsequently learned from the petrochemical association that the third largest petrochemical equipment exhibition to be held in the second half of the year—the third Shanghai Petrochemical Exhibition is expected to become a platform for the centralized debut and display of results of domestic large-scale petrochemical complete sets of equipment in the “Eleventh Five-Year Plan”. The 9th China International Ocean Oil and Gas Exhibition and related forums will also be held during the same period, and the latest policy trends related to marine equipment will also emerge.

At present, listed companies related to refining equipment in the A-share market include Hangzhou Oxygen Co., Ltd., and heavy-duty equipment. The former parent company, Hangzhou Oxygen Concentrator Group, was identified by the country as a large-scale ethylene cold box localization base; the latter started in 2006. In the field of petrochemical equipment, the products include petrochemical containers and heavy-duty forgings.

Environmental protection energy-saving and environmental protection equipment industry is going strong

Promoting energy conservation and emission reduction is an important part of the 12th Five-Year Plan. As a high-energy-consuming industry, petrochemical will become the main force of energy conservation and emission reduction. At the same time, some of the equipment related to energy saving and environmental protection are also closely related to this.

Li Yongwu said that another major goal of the "Twelfth Five-Year Plan" petrochemical equipment is to focus on energy conservation and emission reduction and vigorously develop energy-saving and environmental protection technologies and equipment. To this end, it will vigorously develop and promote integrated desulfurization, denitrification and mercury removal equipment for coal-fired industrial boilers, high-concentration refractory wastewater treatment technology and equipment, oilfield drilling waste treatment and disposal technologies and complete sets of equipment, and waste oil reclaimed base oil complete sets of equipment.

During the "12th Five-Year Plan" period, an important task for the development of China's petrochemical equipment manufacturing industry is to develop and manufacture key equipment of new-type, high-efficiency, energy-saving and emission-reduction technologies as breakthroughs, and to develop and develop new types of strategic equipment required for the development of advanced key equipment. The goal is to adjust the industrial structure, product structure, and enterprise organizational structure so that the company can continuously optimize and upgrade.” Sun Tengliang said.

According to him, during the "12th Five-Year Plan" period, China's investment in energy-saving and environmental protection industries will reach 3.1 trillion yuan, which is more than double the "Eleventh Five-Year Plan" of 1.4 trillion.

“For the petrochemical industry, during the “Twelfth Five-Year Plan” period, it will focus on energy conservation in seven industries including oil refining, ethylene, ammonia synthesis, soda ash, urea, yellow phosphorus, and calcium carbide, etc. While integrating energy-saving equipment development and technology, Do a good job in the promotion of high-efficiency energy-saving equipment,” said Sun Tengliang.

It is understood that the membrane anode electrolysis cell currently being promoted in the caustic soda industry is about 100 degrees per ton of caustic soda equivalent to the conventional ion membrane electrolyzer, while the other is a new type of high-efficiency energy-saving oxygen cathode ion membrane electrolysis cell technology being developed. Ton of caustic soda can save electricity 600-800 degrees.

It is worth noting that new energy equipment is also an important part of energy-saving and environmental protection equipment. Sun Tengliang pointed out that the core of new energy is nuclear power, wind power and photovoltaic. Among them, most of the key equipment required for nuclear power is composed of high-pressure vessels and high-pressure pipelines with extremely high safety levels, and has a high degree of correlation with the petrochemical equipment manufacturing industry.

The Ministry of Industry and Information Technology recently revealed that China will issue the “12th Five-Year Plan for Energy Saving and Environmental Protection Equipment” and will use technology as the main line to propose a number of environmental protection technical equipment that needs R&D, application and promotion, and compile recommended catalogues to upgrade the technology of environmental protection equipment. Level.

Guihai Xiao, an analyst at Donghai Securities, pointed out that with the implementation of sintering flue gas desulphurization in the steel industry, it will promote the reduction of sulfur dioxide emissions in the non-electric sector, which can focus on related listed companies, Longjing Environmental Protection and Tianli Environmental Protection, which is good at energy saving in industrial furnaces and kilns. . For waste heat utilization, we can pay attention to Hailu Heavy Industry Co., Ltd. and Hangcao Co., Ltd. Energy-efficient motor equipment can focus on Tellhow.

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