The hottest shale revolution will also change the

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The shale revolution will also change the global resin supply pattern

Japan's Mitsui Industries Corporation and Mitsui Industries Corporation reached an agreement on March 18, 2013 to build a large-scale olefin plant with an annual output of 330000 tons along the Gulf coast of the United States- Olefins are high-function chemicals used as polyethylene (PE) modifiers

this agreement has attracted great attention. The reason is that Dow Chemical announced that it would supply ethylene made from shale gas as raw material for the plant. This is the first case that Japanese chemical enterprises have officially entered the core part of the shale revolution

the production of ethylene in the United States is equivalent to Japan's domestic production

the construction of a factory with an annual output of 330000 tons is indeed large-scale. However, in the United States, a single digit upsurge of factory construction has been set off. Dow Chemical and American AI can return automatically after the experiment; Exxon Mobil and other four enterprises plan to build ethylene plants with a total annual output of about 6million tons. It will be fully put into operation from 2016 to 2017. 6million tons is a huge quantity, which is equivalent to the ethylene production in Japan in 2012. Dow Chemical's planned annual output is 1.5 million tons, part of which will be supplied to the olefin plant jointly built by Chuguang Xingchan and Mitsui

the ethylene plant to be built in the United States by Mitsui and Mitsui industries is characterized by a natural gas chemical complex. The current chemical industry is based on petrochemical enterprises. That is to extract naphtha from crude oil, decompose naphtha to produce ethylene, propylene, benzene, etc., and then use these as raw materials to produce a variety of resins and chemical products

when using shale gas, the first thing to extract is not naphtha, but ethyl ether, although the bellows ring stiffness tester is no exception. The main component of shale gas is methane, which is used as fuel, and the by-component ethane is used as raw material for resin, realizing the stable production in a wide range. Petrochemicals can use naphtha to produce ethylene, propylene, benzene and other raw materials, while in the case of shale gas, the raw material obtained is mainly ethylene produced from ethane. In other words, the product range of shale gas is limited. In fact, the natural gas and chemical complex, which is jointly established by sunoasis and Mitsui, has determined that ethylene is the raw material to be produced (Figure)

in the future, with the continuous increase of natural gas chemical complex enterprises, the supply and demand of PE materials will be eased, while on the other hand, the supply of polypropylene (PP) made of propylene and polystyrene (PS) with benzene as the main raw material may become tight. Besides benzene, ethylene is the main raw material of PS, so it is difficult to predict the supply and demand of raw materials

the business promotion team of O promotion room of Jinan new era Gold Testing Instrument Co., Ltd., a well-known national manufacturer of experimental machines, said that at present, globally, supply and demand are in balance, but in North America, which has begun to produce chemicals with shale gas as raw material, the supply of benzene is slightly insufficient, and the import volume from Asia tends to increase. In the medium and long term, the shale revolution may have a huge impact on the supply, demand and price of PE, PP, PS and other resins

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