——Interview with Neil C. Palatt, Senior Director of the American Plastics Industry Association In 2007, China was the second largest source of plastics imports and the third largest export market in the US plastics import and export trade. Due to the subprime mortgage crisis in the United States and the relatively mature growth potential in Europe and the United States, for the US plastics industry, strengthening cooperation with China has become more important than ever. Neil C. Pratt, senior director of the American Plastics Industry Association, accepted an interview with this reporter on issues related to the cooperation between China and the United States in the plastics industry.
Looking forward to closer cooperation, Parat said that the United States is the world's largest producer of synthetic resins, with the U.S. accounting for about 40% of the world's total polyolefin production. Globalization and the rapid development of outsourcing to low-cost countries have reduced the number of people employed in the US plastics industry by 11% annually since 2002. However, more advanced technology, higher-quality labor, and more new international businesses have enabled the US plastics manufacturing industry to rapidly increase its annual shipments at an average annual rate of 18%. The average annual growth rate of output value has reached 8%. It also increased significantly from 5.8 billion U.S. dollars in 2006 to 10.9 billion U.S. dollars in 2007. The competitiveness of the US plastics industry is stronger than ever.
Parat believes that China's plastics industry is undergoing tremendous changes, not only the rapid expansion of industry scale, but also the rapid increase in product quality. China's plastics machinery processing capacity has already ranked first in the world, and is being transformed from a large machine-building country to an autonomously-developed country; China's production of synthetic resins for plastics has also leapt to second place in the world, and a large number of imports have gradually shifted to domestic production. The processing capacity of plastic products ranks second in the world, and low value-added products are gradually being replaced by Chinese brands with independent intellectual property rights.
Palat said that the United States is the world's largest single plastics consumer market. In recent years, the number of plastics and plastic products imported from China by the United States has grown rapidly. According to U.S. customs statistics, in 2007, US imports of synthetic resins, plastic products, plastics machinery, and plastic molds amounted to 333 million U.S. dollars, 7.91 billion U.S. dollars, 43 million U.S. dollars, and 129 million U.S. dollars, respectively, accounting for the total import volume of the U.S. plastics industry. 22% of the amount. In the same year, the United States exported US$2.886 billion, US$658 million, US$113 million, and US$9.5 million to Chinese synthetic resin, plastic products, plastic machinery, and plastic molds, respectively, and China became the third largest plastic export market in the United States.
Parat said that China and the United States, both of which occupy an important position in the plastics industry, should in the future carry out closer exchanges and cooperation in various forms, including products and technologies.
Joint ventures and cooperation for common development Palat believes that the establishment of Sino-US joint ventures has become an important measure for the development of plastics companies in China. Through joint ventures, based on China's meeting global needs and embodying a global development strategy, it has become the consensus of US companies. Investing in large-scale projects and establishing joint ventures will remain an important form of Sino-American plastic cooperation.
The Fujian Refining and Chemical Integration Project jointly invested by Exxon Mobil Corporation, Saudi Aramco and Sinopec is the world’s first upstream and downstream integrated Sino-foreign joint venture project in China’s petroleum and petrochemical industry, which is of great significance for upgrading the status of China’s petrochemical industry. Concerned. Among them, an ethylene plant with an annual capacity of 800,000 tons and a corresponding downstream synthetic resin production plant are expected to be put into production in 2009.
In August last year, DuPont China Group Co., Ltd. and Sinopec Corp. established Beijing Huamei Polymer Co., Ltd. The joint venture will use DuPont's advanced EVA (ethylene vinyl acetate) production technology to produce EVA and blends. The production capacity of the production line is 60,000 tons/year and is expected to be put into operation by the end of this year.
Technological exchange seeks a win-win situation More and more US plastics companies are realizing value-added business through technology licensing. It has also become an important means for many Chinese companies to speed up their technological development by acquiring technology licenses to improve their ability to innovate. Parat stressed that technological exchanges will play an increasingly important role in the development of the plastics industry in the United States and China.
It is understood that Sinopec Maoming Petrochemical Company introduced in 2006 the Chevron Phillips company's loop slurry high-density polyethylene production process. The Maoming Petrochemical high-density polyethylene plant built using this complete technology has an annual production capacity of 350,000 tons. The produced products have the advantages of anti-aging, low temperature resistance, acid and alkali resistance, high crystallinity, insulation, and good processing and molding properties, and are thermoplastics with high added value. This kind of product has a large demand, but in the past, China lacked dedicated production equipment for this product, and more than 60% of its products rely on imports. Maoming Petrochemical's production of this device has played a significant role in optimizing China's ethylene downstream product structure, raising the level of post-processing of general plastic products, and stimulating regional economic development.
In January 2007, Sinopec Shanghai Gaoqiao Petrochemical Company's annual production capacity of 200,000 tons of ABS equipment was officially put into operation. This is the only unit in China that uses Dow's continuous bulk polymerization process and is the world's largest continuous bulk polymerization ABS production facility. The process has the advantages of low consumption of raw materials, electricity, water, and nitrogen, and low emission of “three wastesâ€. The product produced by this process has pure color, strong coloring ability and high added value, and is particularly suitable for use in information technology equipment components. The introduction of this technology has played a positive role in alleviating the shortage of ABS in China and improving the market competitiveness of ABS produced in China.
Palat finally stated that in the future, an important task of the China-US Plastics Association is to promote technical exchanges between the two countries. The US Plastics Association has sent invitations to Chinese companies and hopes that Chinese plastics companies will actively participate in the plastic product design competition to be held during the 2009 US International Plastics Fair to demonstrate and exchange the latest innovations in the field of plastics.
Looking forward to closer cooperation, Parat said that the United States is the world's largest producer of synthetic resins, with the U.S. accounting for about 40% of the world's total polyolefin production. Globalization and the rapid development of outsourcing to low-cost countries have reduced the number of people employed in the US plastics industry by 11% annually since 2002. However, more advanced technology, higher-quality labor, and more new international businesses have enabled the US plastics manufacturing industry to rapidly increase its annual shipments at an average annual rate of 18%. The average annual growth rate of output value has reached 8%. It also increased significantly from 5.8 billion U.S. dollars in 2006 to 10.9 billion U.S. dollars in 2007. The competitiveness of the US plastics industry is stronger than ever.
Parat believes that China's plastics industry is undergoing tremendous changes, not only the rapid expansion of industry scale, but also the rapid increase in product quality. China's plastics machinery processing capacity has already ranked first in the world, and is being transformed from a large machine-building country to an autonomously-developed country; China's production of synthetic resins for plastics has also leapt to second place in the world, and a large number of imports have gradually shifted to domestic production. The processing capacity of plastic products ranks second in the world, and low value-added products are gradually being replaced by Chinese brands with independent intellectual property rights.
Palat said that the United States is the world's largest single plastics consumer market. In recent years, the number of plastics and plastic products imported from China by the United States has grown rapidly. According to U.S. customs statistics, in 2007, US imports of synthetic resins, plastic products, plastics machinery, and plastic molds amounted to 333 million U.S. dollars, 7.91 billion U.S. dollars, 43 million U.S. dollars, and 129 million U.S. dollars, respectively, accounting for the total import volume of the U.S. plastics industry. 22% of the amount. In the same year, the United States exported US$2.886 billion, US$658 million, US$113 million, and US$9.5 million to Chinese synthetic resin, plastic products, plastic machinery, and plastic molds, respectively, and China became the third largest plastic export market in the United States.
Parat said that China and the United States, both of which occupy an important position in the plastics industry, should in the future carry out closer exchanges and cooperation in various forms, including products and technologies.
Joint ventures and cooperation for common development Palat believes that the establishment of Sino-US joint ventures has become an important measure for the development of plastics companies in China. Through joint ventures, based on China's meeting global needs and embodying a global development strategy, it has become the consensus of US companies. Investing in large-scale projects and establishing joint ventures will remain an important form of Sino-American plastic cooperation.
The Fujian Refining and Chemical Integration Project jointly invested by Exxon Mobil Corporation, Saudi Aramco and Sinopec is the world’s first upstream and downstream integrated Sino-foreign joint venture project in China’s petroleum and petrochemical industry, which is of great significance for upgrading the status of China’s petrochemical industry. Concerned. Among them, an ethylene plant with an annual capacity of 800,000 tons and a corresponding downstream synthetic resin production plant are expected to be put into production in 2009.
In August last year, DuPont China Group Co., Ltd. and Sinopec Corp. established Beijing Huamei Polymer Co., Ltd. The joint venture will use DuPont's advanced EVA (ethylene vinyl acetate) production technology to produce EVA and blends. The production capacity of the production line is 60,000 tons/year and is expected to be put into operation by the end of this year.
Technological exchange seeks a win-win situation More and more US plastics companies are realizing value-added business through technology licensing. It has also become an important means for many Chinese companies to speed up their technological development by acquiring technology licenses to improve their ability to innovate. Parat stressed that technological exchanges will play an increasingly important role in the development of the plastics industry in the United States and China.
It is understood that Sinopec Maoming Petrochemical Company introduced in 2006 the Chevron Phillips company's loop slurry high-density polyethylene production process. The Maoming Petrochemical high-density polyethylene plant built using this complete technology has an annual production capacity of 350,000 tons. The produced products have the advantages of anti-aging, low temperature resistance, acid and alkali resistance, high crystallinity, insulation, and good processing and molding properties, and are thermoplastics with high added value. This kind of product has a large demand, but in the past, China lacked dedicated production equipment for this product, and more than 60% of its products rely on imports. Maoming Petrochemical's production of this device has played a significant role in optimizing China's ethylene downstream product structure, raising the level of post-processing of general plastic products, and stimulating regional economic development.
In January 2007, Sinopec Shanghai Gaoqiao Petrochemical Company's annual production capacity of 200,000 tons of ABS equipment was officially put into operation. This is the only unit in China that uses Dow's continuous bulk polymerization process and is the world's largest continuous bulk polymerization ABS production facility. The process has the advantages of low consumption of raw materials, electricity, water, and nitrogen, and low emission of “three wastesâ€. The product produced by this process has pure color, strong coloring ability and high added value, and is particularly suitable for use in information technology equipment components. The introduction of this technology has played a positive role in alleviating the shortage of ABS in China and improving the market competitiveness of ABS produced in China.
Palat finally stated that in the future, an important task of the China-US Plastics Association is to promote technical exchanges between the two countries. The US Plastics Association has sent invitations to Chinese companies and hopes that Chinese plastics companies will actively participate in the plastic product design competition to be held during the 2009 US International Plastics Fair to demonstrate and exchange the latest innovations in the field of plastics.
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