Under the background of the continuous innovation and upgrading of China's chemical industry and the new opportunities spawned by the "two carbon" goal, Qi Xiangtengda, a leading chemical enterprise in the carbon four-industry chain, made a big offering.
On October 28, Qi Xiangtengda (002408. SZ) announced that the company and the Chinese Academy of Sciences Qingdao Institute of Bioenergy and Process Research (hereinafter referred to as "The Chinese Academy of Sciences Qingdao Institute") reached a strategic cooperation agreement, the two sides will strengthen new energy, new materials, high-end chemical and other technologies research and development, involving a series of rubber elastomers, hydrogen energy development and utilization, bio-based materials, high value-added chemicals key raw materials and catalysts and other fields, the two sides will be based on their respective advantages and needs to carry out comprehensive cooperation in technology research and development, platform co-construction, talent training and other aspects.
As a global leader in the methylacetophenone and maleic anhydride industry, Qi Xiang Tengda has established a complete industrial chain layout and industrial foundation in related fields, and the relevant research reports show that the company's above two types of products account for more than 50% and 30% in the domestic market. In recent years, Qi Xiang Tengda has actively integrated into the global scientific and technological innovation network, strengthened technical cooperation with top foreign enterprises, introduced the world's leading technology to land in China, and realized the expansion of the industrial chain from carbon four to carbon three and new materials.
The strategic cooperation with the Qingdao Institute of the Chinese Academy of Sciences has revealed Qi Xiang Tengda's greater ambition in scientific and technological innovation and industrial layout. Cooperation with the "national brand" scientific research institutions will enable Qi Xiang Tengda to improve the R & D and technical level in the fields of new energy, new materials and high-end chemicals, and then accelerate the construction and expansion of related industrial chains, and a "new Qi Xiang" that is expected to be comparable to Wanhua Chemical is emerging.
From capacity leader to technology-driven
Founded in 2002, in 2010 successfully listed Qi Xiang Tengda, has been focusing on the raw material carbon four deep processing into high value-added fine chemical products research and development, production and sales, after nearly 20 years of industrial layout and scientific and technological innovation, Qi Xiang Tengda has become the world's leading production capacity of methanone and maleic anhydride production leader.
In recent years, on the basis of developing and consolidating the traditional main business, Qi Xiang Tengda has further aimed at the field of high value-added fine chemicals and new chemical materials, implemented a high barrier, integrated and diversified development strategy, and strived to build a modern industrial production system of "structural optimization, high-end technology, complete chain, green and low carbon", and create a "science and technology Qi Xiang".
Through independent research and development, mergers and acquisitions and the introduction of foreign advanced technology, Qi Xiang Tengda has accumulated certain technological and industrial advantages. On the one hand, Qi Xiang Tengda has laid out downstream high-end and refined products in multiple directions and dug deep into the value of the carbon four industrial chains. In 2019, through the merger and acquisition of Heze Huali, Qi Xiang Tengda obtained the MMA technology of the direct oxidation method of tert-butanol, and the 200,000 tons/year MMA project completed and put into operation this year is the direct oxidation process of tert-butanol, which was listed in the national "Petrochemical Green Process Directory (2020 Edition)".
At the same time, in order to achieve the extension from carbon four to carbon three, and form a perfect "propane- propylene - propylene oxide" integrated industrial chain layout. Qi Xiang Tengda actively introduced advanced technology, successively introduced the UOP production process of Oleflex in the United States, invested in the construction of 700,000 tons / year propane dehydrogenation project, introduced the German Evonik, thyssenkrupp shared hydrogen peroxide direct oxidation technology, and invested in the construction of 300,000 tons / year propylene oxide project.
Thanks to scientific and technological innovation and pro-cyclical, Qi Xiang Tengda's performance in 2021 has increased significantly, and the three quarterly reports released on October 28 show that the company achieved a net profit attributable to shareholders of listed companies of 2.163 billion yuan in the first three quarters, an increase of 174.84% year-on-year.
While leading production capacity and performance, Qi Xiang Tengda's model of technology and innovation-driven development has become increasingly prominent. According to the recent in-depth research report of Dongxing Securities, Qi Xiang Tengda's "production technology is at the leading level in the industry, and the technical methods are the current leading production technologies and methods." The company's methyl ethyl ketone product quality is at the leading level in the same industry, enjoying a high reputation in domestic and foreign markets, and the product standard is higher than the ASTM standard and the domestic industry standard. Including the newly built isononanol, propane dehydrogenation and propylene oxide projects are also the introduction of foreign advanced mature technology and technology, and have exclusivity. ”
Join hands with "national brand" scientific research institutions
Cut into the new energy track
While introducing foreign advanced technology, Qi Xiang Tengda continues to improve its independent innovation ability, continuously increases R&D investment in the field of catalysts, and strives to achieve the application and transformation of technological achievements to further reduce production costs. With the accumulation of technology and industrial advantages, Qi Xiang Tengda needs to find a new breakthrough in independent innovation ability, and the scientific research ability of the Qingdao Institute of the Chinese Academy of Sciences will form a benign complement with qi Xiang Tengda's existing industrial technology.
According to public information, the Qingdao Institute of the Chinese Academy of Sciences has undertaken a number of major tasks of the state and the Chinese Academy of Sciences, and has produced a number of major achievements in the biosynthesis technology of the new generation of HN materials, the design and construction of artificial cells for optically driven carbon sequestration capacity, the design and application of carbon-hydrogen bond selective oxidation P450 enzyme, the advanced energy conversion technology of biomass waste, the development of characteristic biological resources and the utilization of high value.
According to the strategic cooperation agreement, the two sides will carry out all-round cooperation in new energy, new materials, high-end chemicals and other fields such as new energy, new materials and high-end chemicals such as series of rubber elastomers, hydrogen energy development and utilization, bio-based materials, key raw materials and catalysts for high value-added chemicals. From the perspective of Qi Xiang Tengda, it will further realize the company's leap in the fields of new energy, new materials, and high-end chemicals.
This cooperation between industry leaders and "national brand" scientific research institutions is also under the background that "carbon neutrality" will have a profound impact on the chemical industry.
As far as Qi Xiang Tengda's business segment is concerned, the company's traditional main business will benefit from the industry "reshuffle" brought about by the rigidity of the "carbon neutrality" policy. Huaan Securities pointed out that on the basis of "carbon neutrality", the energy use cost and energy efficiency requirements have been improved, which will further broaden the chemical enterprises without technical and cost advantages, while the hard requirements of carbon indicators and the gradual strict environmental protection inspection have made it difficult for the high-energy-consuming chemical sub-industry to expand production, so that the leading enterprises in the industry with cost advantages, scale advantages and technical advantages will become stock high-quality assets and stand out.
While the advantages of the traditional main business are further highlighted, Qi Xiang Tengda's expansion of new industrial chains such as hydrogen energy development and utilization is also facing a broad market space. Under the global wave of new energy, hydrogen energy has been regarded as one of the main energy sources in the future because of its clean, efficient and renewable characteristics. According to public information, Qixiang Tengda's existing production plants such as methyl ethyl ketone and low-carbon alkane dehydrogenation will produce hydrogen by-product, and the current annual output is about 10,000-15,000 tons, and most of the hydrogen produced by-product is transmitted through the pipeline to Qilu Petrochemical and the surrounding hydrogenation devices, and some of them are used by themselves.
With the completion and operation of 700,000 tons/year propane dehydrogenation at the end of this year, Qixiang Tengda hydrogen production capacity will be greatly improved. At present, propane dehydrogenation can produce about 37.9 kg of hydrogen for every 1 ton of propylene produced. According to this estimate, if the Qi Xiang Tengda 700,000 tons / propane dehydrogenation project is fully produced, about 26,500 tons of by-product hydrogen will be added every year. Qi Xiang Tengda also said many times on the interactive easy that the company continues to pay attention to the development of hydrogen energy technology and seeks high value-added uses.
According to industry analysts, compared with renewable energy electrolysis of water to hydrogen technology, obtaining fuel hydrogen by purifying industrial by-product hydrogen is conducive to reducing the operating cost of hydrogen fuel cells. However, the presence of trace AMOUNTs of CO impurities in industrial fuel hydrogen can quickly poison fuel cell catalysts, and the development of CO-free hydrogen (CO≦0.2 ppm) preparation technology is an important direction of hydrogen energy research. Recently, the Qingdao Institute of the Chinese Academy of Sciences and the team of the University of Hannover in Germany have developed a new type of high-stability hybrid conductor ceramic membrane for hydrogen purification, and the combustion of low-purity hydrogen can promote the in-situ removal of oxygen generated by the water decomposition on the other side of the ceramic membrane, so as to directly obtain CO-free hydrogen, which can be used directly as fuel for hydrogen fuel cells.
It is also worth noting that Zibo City, Shandong Province, where Qi Xiang Tengda is located, is also making efforts to build an advanced and influential hydrogen energy industry highland in China. In September this year, the Office of the People's Government of Zibo Municipality officially issued the "Opinions on Further Encouraging the Development of the Hydrogen Energy Industry" and "Several Policies on Supporting the Development of the Hydrogen Energy Industry", which proposed that in 2022, Zibo will build an important hydrogen energy industry base in the province, and the industrial chain of hydrogen production, storage and transportation, hydrogen refueling, key materials and components of fuel cells, and hydrogen fuel cell vehicles will be fully formed, and the output value of the hydrogen energy industry chain will reach 2 billion yuan.
At present, Qi Xiang Tengda has 700,000 tons / year propane dehydrogenation project, 300,000 tons / year propylene oxide project, 200,000 tons / year maleic anhydride project, 200,000 tons / year isononanol project and 100,000 tons / year PMMA project. Coupled with the planned expansion of the 80,000 tons / year methyl ethyl ketone project, the company's main products in the construction capacity is equivalent to the current production capacity, almost equivalent to the reconstruction of a Qi Xiang Tengda. As the bottom of the price of chemical products continues to rise in the context of carbon neutrality, qixiang tengda continuous expansion will lay a solid foundation for the subsequent rapid growth of performance, after these projects are put into production, qixiang tengda product output, operating income, market influence and other aspects should be greatly improved compared with before the construction, is expected to become the chemical leader of the benchmark Wanhua chemical.
Du Yuan/Wen