Large petrochemical projects increased, the valve industry to greet opportunities

Abstract: in addition to the hydrogenation capacity accounted for the world advanced level, three of the refining production of clean fuel reforming unit, alkylation unit capacity is basically higher than the state's main refinery.

In recent years, with the rapid growth of China's economy, the domestic demand for refined oil has risen rapidly. The consumption value of 2015 cubic meters has reached 2.76 tons, ranking second in the world. The prosperity of the refined oil market has not only promoted the growth of the refining sector of the state-owned oil companies, but also provided opportunities for the development of local refineries.

After nearly 20 years of development, China's refining has developed into a force that can not be ignored. In 2015, refining capacity exceeded 200 million tons / year, accounting for 28% of China's refining capacity. At present, the refining enterprises are mainly located in oil producing provinces such as Shandong, Shaanxi and Liaoning, occupying 56%, 11% and 8% of the total refining capacity respectively. Although China's refining capacity surplus, but refining is still stepping up production of large-scale refining projects, to upgrade quality and enhance competitiveness. It can be expected that the competition between state-owned enterprises and local enterprises will be intensified in the future.