In 2020, the cost of polyolefins at Baofeng Energy was 3,693 yuan per ton; the target for the future is to bring this cost below 3,000 yuan per ton!

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In 2020, the cost of polyolefins at Baofeng Energy was 3,693 yuan per ton; the target for the future is to bring this cost below 3,000 yuan per ton! Author/Source: Modern Coal Chemical Industry Date: 2021-04-02 Clicks: 48 Baofeng Energy states that it has a production capacity of 1.2 million tons per year for polyolefins; the total output of polyolefins is 1.3355 million tons. The methanol consumption is as low as 2.885 tons per ton of product, while the yield of dienes is 34.66%. According to the annual report, in 2020 the production volume of polyethylene was 694,800 tons, while the sales volume was 686,100 tons. The company generated revenue of 4,264,521,100 yuan, resulting in an average revenue per ton of polyethylene of 6,215 yuan per ton. In 2020, the production volume of polypropylene reached 640,700 tons, while the sales volume was 633,900 tons. The revenue generated amounted to 4,418,241,900 yuan, resulting in an average revenue per ton of polypropylene of 6,970 yuan per ton. http://img.yf116.cn/image/img/20210402/1019553719537.jpg In 2020, Baofeng Energy produced 694,800 tons of polyethylene and 640,700 tons of polypropylene; the operating cost for its olefin products was 5,276,452,000 yuan. In 2020, the average cost of polyolefins was 3,693 yuan per ton, a decrease of 301 yuan per ton or 7.5% compared to the previous year; this figure was about 17% lower than that of the major domestic olefin producers. In the future, the Ningdong facility will see an additional production capacity of 1 million tons per year for polyolefins. The company plans to invest 67.3 billion yuan to build a 4 million-ton coal-to-olefins project in Inner Mongolia. The MTO project falls into the category of industries where latecomer advantages are particularly evident. By utilizing the latest generation of MTO technology, the investment required for this project in Inner Mongolia is 30% lower than that of similar projects owned by central state-owned enterprises; material consumption is reduced by 15%, and the cost of polyolefins is expected to remain below 3,300 yuan per ton. Baofeng Energy stated that in 2020 the company developed 9 new types of specialty materials, including high melt index fiber materials, melt-blown materials, thin-walled injection molding materials, small and medium-sized hollow materials, water supply pipe materials, and high-strength film materials. The proportion of these specialty materials reached 57%; among them, the high-strength film materials can be used for shrink films in heavy packaging, enabling them to serve as a substitute for high-end imported products ； The company’s current and future production capacity includes specialized materials for metallocene polyethylene films featuring high strength, puncture resistance, and high transparency, a range of polypropylene impact copolymer products, and a range of hexene copolymerized polyethylene products. At the same time, to meet the specific needs of large-end customers such as Jinlongyu, Midea, and Qinglong Pipe Industry, the company has developed specialized materials such as TRB432 pipe material and BM593 small and medium hollow material.