The petrochemical industry in Asia has developed rapidly.
at present, the petrochemical industry in Asia has got rid of the financial crisis from 1997 to 1998 and entered the development track of recovery and virtuous circle. It is estimated that the annual growth rate of petrochemical products demand in Asia will increase from 10% last year to 15% this year. By 2002, about 60% of the world petrochemical products demand growth will be in Asia. South Korea, Japan, Thailand and Singapore have excess production capacity of petrochemical products. China is the main importer of basic petrochemical products in the region, and China's imports of petrochemical products will continue to maintain at more than 50%
Japan's petrochemical industry accounts for 24.5% of Asia's petrochemical industry. At present, the country is continuing to accelerate the restructuring of the petrochemical industry and the joint reorganization of enterprises. Mitsui chemical and Sumitomo chemical will fully unite in 2003 to form the largest chemical company in Asia. Its ethylene production capacity is 1.7 million tons/year, accounting for 25% of Japan's total ethylene production capacity. In 2000, Mitsubishi Chemical and Showa electric successively shut down their respective ethylene production units of 275000 tons/year and 231000 tons/year, so that the total production capacity of 14 ethylene units in Japan is 6.77 million tons/year, and the average production capacity of the units is 483000 tons/year
South Korea's petrochemical industry accounts for 17.6% of Asia's petrochemical industry. At present, the country is continuing to implement industrial restructuring and introduce western technology to establish joint ventures. LG Chemical shifted its business focus from petrochemicals to biotechnology and information and electronic materials. LG Chemical Company experimental data also has the function of manual retrieval and editing. The long-term development strategy of the Department will increase its ABS capacity to 1million tons/year by 2006. The plan includes expanding the ABS capacity of Lishui, South Korea, from 350000 tons/year to 430000 tons/year by 2003. The ABS capacity of LG Yongxing Chemical joint venture in China increased from 150000 tons/year to 370000 tons/year. LG Dow Chemical polycarbonate company will build two 65000 ton/year polycarbonate units in Lishui before 2003, and the 140000 ton/year toluene diisocyanate (TDI) unit jointly invested with BASF will be put into operation in 2003
Thailand's petrochemical industry accounts for 6.4% of Asia's petrochemical industry. At present, the country is stepping up the expansion of petrochemical plants. Siam Cement Group invested 410million US dollars to expand its petrochemical plant. The following projects will be completed by the end of 2001: the ethylene capacity will be expanded from 600000 tons/year to 800000 tons/year, the HDPE capacity will be expanded from 400000 tons/year to 690000 tons/year, the PP capacity will be expanded from 260000 tons/year to 320000 tons/year, the PTA capacity will be increased to 800000 tons/year, and the TBA capacity will be expanded from 50000 tons/year to 95000 tons/year, SM has expanded from 240000 tons/year to 30 tons/year. The content of this meeting is relatively rich, 10000 tons/year. The polycarbonate plant jointly built by the company and Bayer will also expand from 650000 tons/year to 1.3 million tons/year. By 2003, the capacity of the second PTA plant built by Siam Mitsui PTA company will be expanded to 800000 tons/year
Malaysia's petrochemical industry accounts for 3.4% of Asia's petrochemical industry. Jinan experimental machine factory wire change experimental machine is used to measure the ability of metal wires to withstand the plastic projection screen surface in one-way or two-way changes. It can wipe away dust and greasy deformation with absorbent cotton dipped in glass cleaner, and show the surface and internal defects of wires. Due to the growth of demand, the country is also accelerating the expansion of petrochemical plants. The 400000 T/a acetic acid plant jointly invested by Malaysian ethylene company and BP was completed last year. The capacity of its ethylene plant in kertech will be expanded from 100000 t/A to 500000 T/A. the expansion project will be completed in 2004. In 2003 or 2004, Malaysia will usher in another peak demand for petrochemical products. The 160000 ton/year acrylic acid and ester unit jointly invested with BASF in Kuantan has been put into operation recently, and the 65000 ton/year trimellitic anhydride unit jointly constructed with BP will be completed in 2002