Source: SHBD, new chemical materials, China chemical industry information weekly, Jixian. Com recently, Hainan Baiouyi Science and Technology Co. , Ltd. . 30,000 tons/year special polyolefin and supporting projects to achieve cross-border, the project has been transferred from the construction phase to the production preparation and trial operation phase. Project Construction, production, design, construction, supervision, quality supervision and other representatives of the parties jointly signed the overall Project Certificate, marks China's first set of 10,000 tons of industrial polyolefin elastomer (POE-RRB- production facilities completed, becoming a breakthroughPoe POE localization of an important milestone! Baiouyi company is a high-tech and innovative enterprise hatched from the“Big yellow honeycomb” strategy of Jingbo Group. It has 2 big production bases and 3 Big R & D centers, focusing on α-olefin, catalyst and polymerization process, the industrial production of Poe is realized. Meanwhile, companies such as Wanhua chemical, satellite chemical, Sinopec and Maoming petrochemical are also pushing ahead with the POE project. With the deepening of the national“Double carbon” strategy and the rapid development of new strategic industries, such as photovoltaic, New Energy Vehicles, chemical industry and new materials industry to meet new development opportunities. Poe, as a new generation of Thermoplastic elastomer, is a star product of high-end polyolefin new materials. It has high technical barriers and is difficult to produce. The successful delivery of 30,000 t/a special polyolefin and its supporting projects in beiouyi company has laid a solid foundation for the smooth start-up and commissioning of the first Poe industrial production plant in China, and achieved a historic breakthrough in the development of the industry, it is beneficial for BAIOUYI company to gain the market advantage, lead the development of the industry and promote the international competitiveness of our new material industry chain.

Baiouyi company is another independent high-tech innovative enterprise hatched out of the"Big yellow honeycomb" strategy of Jingbo Group, is a polyolefin elastomer, α-olefin as the core industry chain of high-quality polymer new material suppliers, with Shandong, Hainan production base, Boxing County, Qingdao, Hangzhou Three R & D Center. Baiouyi adheres to the development concept of high performance materials and high value services, committed to become the world's leading polyolefin elastomer solutions service providers. Shandong Jingbo Holding Group Co. , Ltd. was established in 1991, the predecessor is a school-run factory. Through gradual restructuring, Jingbo has now become a diversified industrial group funded by social charity organizations and professional managers. Jingbo's business focuses on high-performance materials and high-end chemicals and their supporting development of special high-end equipment and core industrial services. The company has more than 12000 employees, has 4 large-scale production bases, sales and service network throughout the world more than 30 countries and regions. Relying on the abundant chemical material industry accumulation and resource base of Jingbo Group, Baiouyi company focuses on the three“Choke” problems of α-olefin, catalyst and polymerization process, it has made continuous breakthroughs in self-supply of core raw materials, breakthroughs in catalytic technology, and process optimization and upgrading. It has taken many years to successfully complete the pilot-scale and pilot-scale trials of Poe and α-olefin products, and complete the first Poe industrial production plant in China, to achieve the cross-border, will be fully operational, the first breakthrough Poe large-scale industrialization technology.

Poe is one of the most important new material products in recent years. From 2021 to 2022, there has been no breakthrough in Poe industry in China for more than one year. The 300 million ton/year project is an important event in China's Poe industry and a milestone in China's Poe industrialization. Poe is a high-end new material in the end-consumer market. It is widely used in the end-consumer field, such as photovoltaic film, sole stock, LLDPE blend modification, etc. , poe are dependent on economic growth to drive demand expansion. According to the latest statistics, by the end of the 2023 year, the number of announced Poe industrialization projects in China, including those planned for the near future and those planned for the medium to long term, total size is over 4.4 million tons per year. In other words, the future of China's Poe industry from zero after the breakthrough, will quickly surge to more than 4 million tons per year, the industry's annual growth rate of 125% . Excluding the second and third phases of the medium-to long-term plan, the scale of China's Poe industry will also break through 1M tonnes per year by the end of 2025, with rapid growth likely in the next two years.

In the middle of the 2021, the 600-ton-a-year Poe pilot plant of Jingbo Petrochemical Co. was put into operation, which was also the first Poe pilot project in China. At the end of the 2021, Wanhua Chemical's 2,000-ton-a-year pilot plant and Huisheng's 500-ton-a-year pilot plant went into operation one after another. In September 2022, Dongfang Shenghong's 800-ton-a-year plant went into production, maoming petrochemical company's 1,000-ton-a-year plant went into operation. In November 2022, Tianjin Petrochemical Company's 1,000-ton-a-year pilot plant went into operation. Before the end of the 2023, all Poe plants in production in China were pilot-scale projects. Although the supply of these enterprises was available in the market, their scale was small and their quality was stable, as a result, domestic Poe products have not yet entered the high-end application market. Beau 300 million tons/year Poe device after China, it is very likely to become China's first truly industrialized Poe device. PV will be the largest incremental demand for Poe downstream applications. Global Poe consumption exceeded 1.2 million tonnes in 2020, of which about 170,000 tonnes were used for photovoltaic Poe, resulting in consumption of more than 1 million tonnes in other applications. With the mass production of N-type modules, we calculate that the global demand for POE will reach 32/66/1.18 million tons in the neutral scenario from 2023 to 2025, and PV will become the largest increment of Poe demand. If Poe demand in other industries is maintained at 1.10-1.2 million tonnes, global 2023 demand for Poe under a 2024 neutral scenario could reach 1.42-1.52 million tonnes, or 1.76-1.86 million tonnes, and 2.28-2.38 million tonnes in 2025.

Due to the patent protection of metallocene catalyst by overseas enterprises and the lack of self-sufficiency of high carbon α-olefin, Poe has not been domesticated. Under the patent protection of metallocene catalyst from overseas enterprises and the blockade of the production process of high-carbon alpha-olefin, Poe's production technology is currently concentrated in overseas enterprises Dow, Mitsui, LG, exxonmobil, SK/Sabik, the annual production capacity of all types of Poe can reach about 2 million tons. Dow has capacity of up to about 1m tonnes, or about 50 per cent. In addition to the BAIOUYI set of projects, Wanhua chemical project progress faster, the progress of other projects relatively slow. Wanhua Chemical's 200,000-ton-a-year Poe plant is scheduled to start production in the first and second quarters of the 2024, and is one of the projects that are making rapid progress. The project is expected to be 2024 in early 2010 and initially return to normal in 2025. In addition, the 100,000-ton-a-year Poe facility for the satellite Huasheng is initially scheduled to reach production in the middle and late 2024 of the project, which is currently in the early stages of construction and is likely to be delayed. Maoming petrochemical's 50,000-tonne-a-year Poe plant is scheduled to start production in 2025 and is in a relatively early stage. Sinopec's 100,000-ton-a-year Poe plant is scheduled to be put into trial operation in the second half of the 2024, with an initial plan to resume normal production in 2025. Huisheng and Huisheng joint venture company Huisheng (Jiangsu) New Materials Co. , Ltd. , the first phase of the project is scheduled to start operation in the 2026, and the project is currently at a relatively early stage. Jintang new material 300,000 tons/year Poe plant is planned to be produced around 2025, but there is a high probability of delay. In addition, there are many Poe chemical projects, mostly for the existing Poe Plant Phase II, Phase III planning projects, these projects are put into production time after the 2026, whether such projects can really meet the production doubts.