The hottest natural gas supply is tight, which is

  • Detail

Tight natural gas supply is good for methanol to olefins

at the beginning of 2014, the price of natural gas has increased significantly. Recently, the two large enterprises jointly raised prices, while many market institutions predict that the gap of natural gas in 2014 will be at least 70billion cubic meters, no less than that in 2013. Based on this, a number of chemical enterprises visited believed that the profits of the olefin industry using natural gas as raw material were under pressure, and that methanol to olefin would be firmly centered on the application of the free trade Experimental Zone in the future to promote financial reform and innovation

analyst Liu Jian agrees with this view very much. He pointed out that in the past five years, petrochemical production capacity in the Middle East has expanded significantly with cheap natural gas, accounting for more than 50% of the global new production capacity in the same period, suppressing the price of global petrochemical products. However, due to the following reasons, its natural resources may become increasingly scarce in the future, and the capacity expansion in the Middle East will be reversed. First, the population of the Middle East is growing rapidly, and due to the implementation of high subsidies (the oil price is only 1/3 of the global), the energy growth rate is more than 5%, twice that of the world; Secondly, the energy structure of the region is to replace oil with gas: because the price of crude oil with equal calorific value is much higher than that of natural gas, countries in the Middle East are beginning to use natural gas to replace crude oil for power generation, resulting in the growth rate of domestic consumption of natural gas being twice that of crude oil. On the whole, natural gas began to be scarce. At present, the five major petrochemical producing countries in the Middle East, Kuwait and the United Arab Emirates, have begun to import natural gas, and Saudi Arabia and Iran have no idle production capacity. In the next two years, the new petrochemical production capacity in the Middle East is only 2 units, about 1/4 of that in the past, significantly slowing down

in fact, the slowdown of petrochemical expansion in the Middle East has begun since 2012. In the past two years, the growth rate of ethylene and methanol imported from the Middle East has slowed down significantly, and quantitative changes have caused qualitative changes. The prices of ethylene and methanol increased by 30% and 60% respectively in the second half of 2013. With the continuation of this trend, the price of ethylene and methanol will further rise, with PP accounting for 17% [3] in the future, which will benefit enterprises in the industry

even though ethylene and propylene in Northeast Asia are supported by raw material prices and demand recently, price innovation is the foundation and core of the development of new material industry, but it is estimated that when the price of ethylene and propylene is 1500 dollars/ton, 3500 yuan/ton is the highest price of methanol that MTO (methanol to olefin) can bear. However, due to the lack of substitutability of other methanol downstream products, price transmission is still possible in the long run. However, the final product price of MTO is limited by the oil price, and the methanol price higher than 3500 yuan/ton will have a significant negative impact on the operating rate of MTO

Qilu Petrochemical insiders said that in 2016, methanol to olefins may exceed the traditional technical route, and the quality of methanol to olefins has been significantly improved since 2012

this article comes from the Internet, and the copyright belongs to the original author. It is only for everyone to share and learn. If the author believes that infringement is involved, please contact us. Our ordinary stretching distance of 100 ⑵ 00mm is enough to be deleted immediately after verification

Copyright © 2011 JIN SHI