Conditions and opportunities for petrochemical industry to speed up the pace of going out

wallpapers Industry 2020-12-09

was held on September 17, 2015 China International Petrochemical conference "going out" forum of oil and gas chemical industry. Experts at the meeting believed that the "going global" of oil and gas chemical industry has a bright future. Shi Derui, managing partner in Greater China of

and

, a management consulting firm, said that the drop in oil prices had promoted strategic mergers and acquisitions in the petrochemical industry. Chemical M & A activities have gradually recovered from the low point in 2012, and the transaction volume and volume have begun to rise sharply. It is expected that global M & A activities will increase in the next 12 months. China, in particular, has grown from a small M & a market to the world's most important petrochemical M & a market. Asia and China will play a key role in petrochemical M & A. Zhao Jungui, vice president and Secretary General of China Petroleum and Chemical Industry Federation, said that China's petrochemical industry has the ability and conditions to "go global". Over the past 30 years of reform and opening up, China's petrochemical industry has been developing rapidly and continuously. It has become an industry with relatively perfect foundation, complete categories, advanced technology management level and certain international competitiveness. It has the foundation and conditions to promote global operation. In 2014, the overseas oil and gas equity output of PetroChina, Sinopec and CNOOC reached 133.63 million tons, and the newly signed contract amount was 19.78 billion US dollars. By the middle of 2015, Chinese funded enterprises have built and operated 11 overseas invested refinery projects, with a total capacity of 76.6 million tons / year and an equity capacity of 53.17 million tons / year. In 10 overseas countries, more than 30 potash fertilizer projects have been operated in different engineering stages, with a planned production capacity of more than 10 million tons / year and a capacity of nearly 1 million tons / year.

it is understood that the three major oil companies and other central enterprises have initially built a global network of resources, raw materials, production, marketing, service, logistics and warehousing, and even R & D networks. Overseas assets and sales are among the top 100 non-financial multinational enterprises in China according to the statistics of the Ministry of Commerce. At the same time, Wanhua chemical, Zhejiang Rongsheng, Zhejiang Hengyi and other local and private enterprises are becoming an important force in overseas investment and merger of China's petrochemical industry. The layout of "going global" of China's petrochemical industry has been launched.

"at present, many countries in Europe and the United States have very high debt ratios, which leads to the bottleneck of European industrial development, which provides a good opportunity for Chinese enterprises to" go out "and overseas M & A Yu Dahai, strategic partner of Anhong capital and chairman of Yu Dahai consulting and investment company, pointed out. Shen Jinrong, chairman and general manager of

and

Zhongce Rubber Group Co., Ltd., said that China's advantageous tire enterprises already have high investment ability, abundant cash flow and strong global competitiveness. Shen Jinrong said that the advantageous enterprises have a higher R & D capability; their management level and production organization capacity have been greatly improved; the degree of intelligence and informatization has been very close to the global synchronous level; the talent training and reserve are sufficient to meet the demand for talents from transnational production and operation; the related supporting industries are developing rapidly; and the development of relevant supporting industries is fast; In the new normal of China's economy, overseas investment has become a better choice. Some experts of

and

said that there are many successful cases of "going out" of tire enterprises in recent years, but there are also some problems. For example, the strong competitiveness of China's tire enterprises is based on the strong competitiveness of its supporting industry chain. After the related enterprises "go out", the industrial chain can not be brought out at once. A large number of supporting parts and raw materials in the industrial chain need to be imported from China. However, China's export commodities are subject to differential tax rebate policy, which results in the cost of purchasing supporting products abroad is higher than that at home, which almost obliterates the other advantages gained by "going out". It is suggested that the government adjust the export tax rebate policy as soon as possible. Zhu Jianmin, chairman of

and

Liaoning oak group, said that Liaoning oak was a "quasi going out" enterprise in order to obtain ethylene raw materials. He believes that in order to avoid the problems of cultural integration encountered by many enterprises "going global", the way of overseas joint venture or direct merger and acquisition is better than that of overseas sole proprietorship. Zhao Jungui of

and

stressed that the implementation of the "going out" development road is the only way for China's petrochemical industry to become stronger. China China has one belt, one road and one belt, one road, and the other two industries will be listed as the key area of international capacity cooperation. The Federation of petroleum and chemical industry will promote the implementation of the "one belt and one way" strategy. It will make overall use of two resources and two markets in the 13th Five-Year plan, strengthen the capacity building of oil and gas supply, promote the cooperation of the whole industry chain of "one belt and one road", deepen cooperation in engineering, technology and equipment, and cultivate China. New advantages in foreign trade of petrochemical industry.


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