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This strong growth in the oil and petrochemical equipment market was mainly due to the sharp increase in world crude oil prices since July 2006, and in particular, the price of crude oil for 80 US dollars in July has reached the highest point since 2000. Although oil prices began to fall sharply since August, the impact of falling oil prices on China's petroleum and petrochemical equipment manufacturing industry has not yet become apparent.
Under the strong promotion of soaring oil prices, petroleum and petrochemical enterprises continued to advance structural adjustments in 2006, eliminate outdated processes, equipment and devices, and upgrade equipment scale and technology level. China National Petroleum increased its value-added energy consumption by 1.52 tons of standard coal, a year-on-year decrease. 11.5%, 41.3% lower than the national average industrial added value energy consumption; 10,000 yuan added value fresh water consumption 28 cubic meters, down 1.6% year-on-year. As of the end of 2006, Sinopec Group has cumulatively shut down 16.2 million tons of backward refining capacity, and its major energy consumption targets have reached or reached the highest level in history; the comprehensive energy consumption of refining crude oil processing was 66.23 kg of standard oil per ton, a year-on-year decrease of 2.81 kg; Dynamic energy consumption was 677 kg of standard oil per ton, a year-on-year decrease of 6.48 kg.
The country’s concern about the localization of major equipment in the petrochemical sector has also brought about excellent development opportunities for oil and petrochemical equipment companies, and has also contributed more to the promotion of China’s major equipment localization.
The first one million tons ethylene project was completed and put into production
Sinopec Maoming's 1 million-ton/year ethylene renovation and expansion project was officially completed and put into operation on November 18, 2006. Maoming Petrochemical has thus become China's largest ethylene production base. It is understood that the localization rate of newly-built cracking devices in the Maoming Ethylene Expansion and Expansion Project has reached 87.8%, among which core equipment such as cracking gas compressors and cold boxes have been domestically produced. Its two new devices, namely 350,000 tons/year high-density polyethylene and 300,000 tons/year polypropylene, not only lead the domestic level in technology, but also quickly achieve full-load production after production.
The localization of large-scale ethylene plants has promoted the development of the equipment manufacturing industry and the adjustment of product structure. A number of large-scale equipment manufacturing companies, including Yizhong, Shengu, Hangzhou Steam, Hangzhou Oxygen, and Lanzhou Petrochemical Machinery Plant, have obtained independent innovation. Practice and improvement opportunities have become the backbone of the domestic equipment manufacturing industry.
World-class horizontal drilling rig developed independently
China’s first self-designed, self-built 400-foot offshore oil, a 122-meter jack-up drilling platform, was built in Dalian and delivered to China National Offshore Oil Corporation on May 31, 2006, marking the inclusion of A major breakthrough has been made in the development of large-scale offshore oil equipment in the national "Eleventh Five-Year" development plan.
The platform can be drilled at a depth of 122 meters. A number of key technologies have been independently developed by Dalian Shipbuilding Heavy Industry. It is the largest offshore oil drilling platform with the largest scale, the highest degree of automation, and the deepest operating depth. Its establishment means that Chinese oil people can use the domestic drilling platform to produce oil in the deep sea. This is of great significance for safeguarding China's large-scale development of offshore oil resources and implementing energy security strategies. It is currently the largest in China, with the highest degree of automation, and the deepest operating depth. International advanced offshore oil drilling platform.
China's largest air separation unit settled in Anqing
On August 6, 2006, the largest air separation plant independently designed and manufactured in China was successfully driven by Anqing Petrochemical once. It produced qualified high-purity oxygen and nitrogen. This indicates that the long-term history of China's large-scale air separation plant equipment market has completely come to an end. China's air separation equipment manufacturing industry is among the most advanced in the world.
High oil price consolidation oil and petrochemical equipment dipped
Affected by high oil prices, the oil and petrochemical equipment industry showed a strong growth trend in 2006. According to statistics, from January to October 2006, the industry’s product sales revenue was 52.418 billion yuan, up 47.12% year-on-year; total profit was 3.78 billion yuan, up 111.36% year-on-year; industrial output value was 57.374 billion yuan, up 41.61% year-on-year; new product output value was 70.22 Billion yuan, a year-on-year growth of 7.3%; export delivery value of 7.08 billion yuan, an increase of 139.57%.