BASF Leads Chemical Building Materials | Ethylene Processing Chain | Three Challenges in the Chemical Industry

BASF continues to innovate to lead the world in chemical building materials.

Chemistry is everywhere in buildings, from roofs to basements, from interior walls to exterior walls, from ceilings to floors - buildings are made energy efficient and durable by chemistry. As a leading global chemical company, BASF provides high-value products and smart solutions for a wide range of industries, especially in the construction industry.

BASF leads the world in chemical building materials through continuous technological innovation, providing the industry with a wide range of raw materials, products, and system solutions. It is used in more than 70 building product categories, such as pigments, dispersions, sound-absorbing materials, raw materials for sealants, a variety of insulation products and solutions, high-quality Nobin eco-friendly coatings, comprehensive flooring and waterproofing systems, repair mortars, tile adhesives, high-performance concrete admixtures, etc.

As a pioneer of energy-efficient building concepts, BASF has been meeting the requirements of building design in different climatic environments for decades, helping customers to create comfortable and energy-efficient green buildings. Products include the innovative Neopor foam insulation solutions, advanced polyurethane building insulation solutions, high-performing Fansen exterior insulation and finishing systems, reflective coatings, and more.

BASF's innovative and proven solutions drive the development of green buildings, reduce CO2 emissions and make the places where we work and live durable enough to meet the challenges of various climatic environments and natural disasters.

Maoming's large ethylene drives the deep processing industry chain.

Ltd. in Maoming Petrochemical Industrial Park, with an annual output of 50,000 tons of epoxy ethoxylated series products, was recently put into operation. This is the largest production base of new fine chemical materials derived from ethylene oxide in South China, relying on the adjacent ethylene oxide resources of Maoming Petrochemical, producing fatty alcohol polyoxyethylene ether series and other chemical products, with an annual output value of 900 million yuan.

Aoke project is the proof of the radiation and driving effect of the Maoming Large Ethylene Project. According to the person in charge of Maoming Petrochemical Industrial Park, Maoming Petrochemical 1 million tons/year ethylene project not only achieved good benefits itself but also became a new engine of regional economic development, effectively driving the development of the surrounding ethylene deep processing and fine chemicals.

It is reported that the Maoming Ethylene Base and the adjacent Maoming Petrochemical Industrial Park are connected through a pipeline corridor, which realizes a mutual supply of materials and sharing of public works. Enterprises in the petrochemical industrial park not only have a convenient and fast supply of raw materials but also produce wastewater and waste gas that can be treated by the advanced environmental protection facilities of the base. This unique advantage and mutually beneficial win-win effect have attracted a large number of customers to come to set up plants and investments, and the Maoming ethylene deep processing industry chain continues to extend. By the end of the year, more than 20 projects have been completed in Maoming Petrochemical Industrial Park, achieving an industrial output value of more than 16 billion yuan, and another 35 projects involving an investment of 17.4 billion yuan are being negotiated and promoted, presenting a new situation of the harmonious development of the big ethylene base and post-processing enterprises.

The current chemical industry adjustment faces triple challenges.

Recently, at the "Global Entrepreneur Summit", Fu Xiangsheng, Vice General Manager of China National Chemical Corporation, said that the chemical industry is facing a triple challenge. In the face of such a challenge, there are opportunities for our enterprises to conduct foreign mergers and acquisitions, one is the impact of the global financial crisis. The second is the cyclical adjustment and influence of the industry. The third is the impact of overcapacity, these three major impacts on our financial crisis in the process of accelerating the globalization of enterprises, providing an opportunity for restructuring.

Fu Xiangsheng believes that the chemical industry is currently in the trough of cyclical adjustment. 1 to July, the petrochemical industry investment in fixed assets is 515 billion, an increase of 13.5%. On the whole, the industry does not have a solid foundation for a stable recovery, the lack of demand is still very serious, most of the products are hovering at low prices, and the export situation is very serious. From the chemical industry overcapacity, the problem is also more prominent. In the previous years, when the industry was at the peak of the economic cycle, the chemical industry developed at a high speed, the annual growth in sales revenue is also very large, profit growth is also very large, and the market space we feel that the market space is huge, so the industry investment development is very fast. The domestic production capacity of many products is excess, especially after the outbreak of the financial crisis, this aspect of the problem should be more prominent.

Fu Xiangsheng said, from this year, the history of urea production capacity is a serious excess. In terms of production capacity, at about 63 million tons, production is expected to be 53 million tons, and the actual demand is 45 million tons. There are also products such as coke and dimethyl alcohol, overcapacity is more prominent.