A drafting plan entitled "To further promote the localization of large petrochemical equipment" drafted by the National Development and Reform Commission is currently soliciting opinions from large-scale petrochemical state-owned enterprises such as PetroChina and Sinopec. According to the "Programme," domestic petrochemical equipment that has the ability to be domestically produced and has been promoted has been banned from importing.
This is considered by the industry as the first national implementation plan for the equipment manufacturing industry completed by the National Development and Reform Commission. In response to the reality that China’s large-scale petrochemical projects basically introduce foreign advanced technologies and domestic equipment to participate in tendering and bidding difficulties, a series of localization construction suggestions have been put forward. . The discussion paper stipulates that when chemical companies apply for new projects, they must submit a list of equipment, among which domestic equipment that has the ability to be domestically produced and has been promoted, will be banned from importing; if it has localization capabilities but it has not been promoted, the government will pass taxation. Policy restrictions on imports. The discussion paper also stated that during the “11th Five-Year Plan†period, the goal of localization of petrochemical equipment should reach 75%.
The non-imported equipment proposed in the discussion draft includes: 800,000 to 2 million tons of hydrocracking reactors, 700,000 tons of cracked gas compressors, and 300,000 tons of propylene compressors. The 1 million tons of cracked gas compressors and propylene compressors, 600,000 tons of PTA air compressors and other equipment are listed as restricted imports.
Experts involved in the formulation of the plan believe that the design and manufacturing capabilities of China's petrochemical equipment industry have reached a considerable scale and technological level. Most of the petrochemical equipment can be designed and manufactured on its own, and some of the equipment has reached the international advanced level. The localization rate of oil refining equipment has reached more than 90%; the localization rate of 300,000 tons of ethylene equipment has reached 80%; some of the PTA equipment has also been domestically produced. This has, to a large extent, changed the situation in which China's petrochemical plant equipment has long depended on imports. The research and development of the million-ton ethylene core equipment also achieved breakthroughs and began to be applied. There is no need for repeated introduction.
According to relevant sources, in accordance with the national petrochemical industry's annual investment of more than 3,000 billion yuan, equipment investment generally accounts for about 30% of the total project investment, then the total demand for equipment in the national petrochemical industry will reach 100 billion yuan each year. The draft discussion paper proposed that during the “11th Five-Year Plan†period, the goal of localization of petrochemical equipment should reach 75%. Only petrochemical industry, for China's equipment manufacturing industry, means a market space of at least 75 billion yuan per year.
The discussion paper also clarified that it is necessary to rely on key projects to promote the localization of major technology and equipment.
This is considered by the industry as the first national implementation plan for the equipment manufacturing industry completed by the National Development and Reform Commission. In response to the reality that China’s large-scale petrochemical projects basically introduce foreign advanced technologies and domestic equipment to participate in tendering and bidding difficulties, a series of localization construction suggestions have been put forward. . The discussion paper stipulates that when chemical companies apply for new projects, they must submit a list of equipment, among which domestic equipment that has the ability to be domestically produced and has been promoted, will be banned from importing; if it has localization capabilities but it has not been promoted, the government will pass taxation. Policy restrictions on imports. The discussion paper also stated that during the “11th Five-Year Plan†period, the goal of localization of petrochemical equipment should reach 75%.
The non-imported equipment proposed in the discussion draft includes: 800,000 to 2 million tons of hydrocracking reactors, 700,000 tons of cracked gas compressors, and 300,000 tons of propylene compressors. The 1 million tons of cracked gas compressors and propylene compressors, 600,000 tons of PTA air compressors and other equipment are listed as restricted imports.
Experts involved in the formulation of the plan believe that the design and manufacturing capabilities of China's petrochemical equipment industry have reached a considerable scale and technological level. Most of the petrochemical equipment can be designed and manufactured on its own, and some of the equipment has reached the international advanced level. The localization rate of oil refining equipment has reached more than 90%; the localization rate of 300,000 tons of ethylene equipment has reached 80%; some of the PTA equipment has also been domestically produced. This has, to a large extent, changed the situation in which China's petrochemical plant equipment has long depended on imports. The research and development of the million-ton ethylene core equipment also achieved breakthroughs and began to be applied. There is no need for repeated introduction.
According to relevant sources, in accordance with the national petrochemical industry's annual investment of more than 3,000 billion yuan, equipment investment generally accounts for about 30% of the total project investment, then the total demand for equipment in the national petrochemical industry will reach 100 billion yuan each year. The draft discussion paper proposed that during the “11th Five-Year Plan†period, the goal of localization of petrochemical equipment should reach 75%. Only petrochemical industry, for China's equipment manufacturing industry, means a market space of at least 75 billion yuan per year.
The discussion paper also clarified that it is necessary to rely on key projects to promote the localization of major technology and equipment.
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