On
Oct. 16, 2013, Xinjiang Blue Ridge Tunhe Chemical Industry Joint Stock Co.,
Ltd. (Blue Ridge Tunhe) announced that 46% of its biodegradable plastic
program, with a production capacity of 160,000 t/a, has been completed, and
that the whole program is estimated to be completed in 2014. The biodegradable
plastic products include PBS and PBT, according to CCM’s Biomaterials China
News issued in November.
Construction
of the biodegradable plastic program began on April 16, 2013. Previously, Blue
Ridge Tunhe completed pilot production of its PBS production line, with a
capacity of 10,000t/a, on July 28, 2012, which may provide technological
support for the subsequent PBS program.
As
a traditional petrochemical processing enterprise in Western China, Blue Ridge
Tunhe has only just started its PBS business. Since its PBS product has not yet
passed the related environmental protection authentication, it cannot export
its products, and can only produce for domestic markets.
Generally,
domestic PBS industry is witnessing a large production capacity expansion in
2013. This is intensifying the competition within the PBS industry.
On
one hand, new entrants or enterprises without abundant experience in the PBS
industry are faced with more severe market conditions for PBS in 2013. Similar
to Blue Ridge Tunhe, their PBS products have not passed the related
environmental protection authentication, so their products can only be sold in
the domestic market, thus intensifying the competition in the PBS industry in
2013. The domestic PBS industry has seen an overcapacity in 2013. According to
related statistics, the domestic PBS capacity has reached 118,000t/a, while the
domestic demand of PBS is estimated to be only 15,000-20,000 tonnes in 2013.
In
2013, three companies established new PBS plants or further expanded their
production capacity. On June 6, 2013, Shandong Fuwin New Material Co., Ltd.
(Shandong Fuwin) announced that it had expanded its PBS production capacity
from 5,000t/a to 25,000t/a. In April 2013, the first phase of Shanxi Jinhui
Group (Jinhui Group)'s PBS program, with a production capacity of 20,000t/a,
entered pilot production and is currently operating strongly. In Feb. 2013,
Jiangsu Yangnong Chemical Group Co., Ltd. (Yangnong Chemical) completed the construction
of its PBS program, which has a production capacity of 10,000t/a.
On
the other hand, leading PBS enterprises, like Kingfa Sci&Tech Co. Ltd.
(Kingfa), Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. (Xinfu
Pharmaceutical), and Anqing Hexing Chemical Co., Ltd. (Anqing Hexing), have
witnessed an upturn trend in their PBS business in 2013, mainly due to the
recovery of global economy. This is because the aforementioned three companies'
PBS products have passed the related environmental protection authentication
and are produced primarily for export.
Xinfu
Pharmaceutical has taken advantage of the global economic recovery. Xinfu
Pharmaceutical's revenue and gross profit margin of its PBS business increased
by 12.5% (from USD2,246 million in 2012 to USD2,725 million in 2013) and 2.95%
respectively in H1 2013 year-on-year, due to the improving demand in Europe.
Overview
of China's PAM industry in 2013
China's
PTA industry is in a predicament in 2013
China's
bamboo fiber industry developing rapidly in 2013
Hismer
Bio-Technology's chitosan fiber wins the award of "Chinese fabric
star"
Construction
of Blue Ridge Tunhe's biodegradable PBS program going smoothly
YFY
Yangzhou's straw-based paper program enters operation
Elevance
completes commercial production of bio-based C18 diacid
China's
sebacic acid industry witnesses a good momentum of development
China's
potato price increases in July-Aug. but decreases in Sept. 2013
China's
PLA import volume down while export volume up in Sept. 2013
New
extracting season for cassava begins in Sept. 2013
China's
import volume of castor oil and its derivatives decreases in Sept. 2013
Bio-based
PU for shoes has passed the acceptance check
Corbian
Purac shows high-performance PLA in K 2013
Four
institutions jointly develop PLA mulching film
K
2013 will be held in Dusseldorf from Oct. 16 to Oct. 23, 2013
Two
companies start the world's first cellulosic ethanol plant
Biomaterials
China News, with 12 to 14 topics in one issue, published by CCM on 8th
every month, will bring you the latest information on the market dynamics,
company dynamics, new biomaterials products, new biomaterials technology development,
new legislations as well as policies and raw material supply dynamics, which are
shaping the significant market intelligence of the industry.
CCM is dedicated to market research in China
Guangzhou CCM Information Science & Technology Co., Ltd.
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