Development requirements of chemical industry

(3) Hengli Petrochemical [600346.SH] : The company originated in Wujiang, Suzhou, Suzhou, Nantong, Suqian, Dalian, Comfort, Huizhou and other six production bases, Hengli Petrochemical based on the main business, adhere to the development of the whole industry chain, is committed to creating "crude oil - aromatics, olefin - PTA, ethylene glycol - PET - civil silk, industrial silk, polyester film, engineering plastics and other new materials" of the world's whole industry chain development. With 20 million tons of petroleum refining projects, is the world's largest single unit and the largest capacity of PTA manufacturers, the existing capacity of 11.6 million tons, 5 million tons under construction, but also China's polyester chemical fiber field scale, high-end, differentiated leader.

(4) Rongsheng Petrochemical [002493.SZ] : The company is a large-scale direct spinning polyester filament production enterprise, mainly engaged in PTA, polyester fiber related products production and sales, is one of the national petrochemical and chemical fiber industry leading enterprises. The company has formed an annual production capacity of more than 10 million tons of PTA, 1 million tons of polyester, 1 million tons of polyester spinning (FDY, POY), and 450,000 tons of polyester elastic yarn (DTY). After more than ten years of accumulation, the current production scale, raw material consumption and product quality of Rongsheng Polyester and spinning and elastic supporting projects are in the forefront of domestic peers, and comprehensive energy consumption is at the international advanced level.

3.5 Major Global competitors

The 2020 Global Chemical 50 list shows that the top 50 companies on the list had chemical sales of $855.6 billion in 2019, down $71.2 billion from $926.8 billion in 2018. The threshold for the top 50 global chemical companies to list in 2020 is $7 billion, $200 million lower than the $7.2 billion threshold for the 2019 list. This shows that global chemical economic activity is slowing down, and the sales and profits of major chemical companies are affected.

From the perspective of regional distribution, the United States has 10 companies on the list of chemical companies, ranking first among all countries, followed by Japan with 8 companies on the list, China and Germany each have 6 companies on the list, South Korea has 4 companies on the list, and the United Kingdom, Belgium and France are 2.

Major non-Chinese companies in the world include LINDE[LIN.N], Shandwick [SHW.N], ECOLAB [ECL.N], PPG Industries [PPG.N], LyondellBasell Industries [LYB.N], International Flavors [IF.N], NUTRIEN[NTR.N], Celannis [CE.N] Linde [LIN.DF], BASF [BAS.DF], DU PONT[DUP.DF], SYMRISE[SY1.DF], Evonik Industries [EVK.DF], Air Liquide [0NWF.L], KONINKLIJKE DSM[0NPP.L], SYMRISE ORD SHS[0G6T.L], EVONIK INDUSTRIES[0QDS.L], NOVOZYMES B ORD[0Q4U.L], Shinetsu Chemical Industry [4063.T], Asahi Kasei [3407.T], Nitto Denko [6988.T], METHANEX[MX.TO], NUTRIEN[NTR.TO], Air Liquide Group [AI.PA], LG CHEM[051910.KS], etc.

(1) LINDE[LIN.N] is an Irish-registered multinational chemical company formed by the merger of Linde AG (founded 1879) and Praxair of the United States. Linde plc provides innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. It is the world's largest industrial gases company by market share and revenue. The Linde Group has two main business areas: gas (industrial gases and medical gases) and engineering. In the industrial gases sector, the group trades under a range of well-known brands including Linde, AGA, BOC, TIG, MOX, Afrox and PanGas.

(2) BASF [BASFY.OO] : The world's largest chemical producer, serving at least 300,000 customers worldwide. Basf operates in five segments: Chemicals, Performance Products, Oil and Gas, Functional Materials and Solutions, and Agricultural Solutions. The Agricultural Solutions segment's products include insecticides, fungicides and herbicides. The Functional Materials and Solutions segment offers industrial coatings, catalysts, and battery materials. The Performance Products segment produces food additives, paper, and products for the oil and gas industry, as well as dispersions and pigments. The oil and gas sector deals with exploration and production. The Chemicals segment provides plasticizers, solvents and electronic chemicals to the market.

(3) DowDuPont (DowDuPont), in 2017, DuPont and Dow Chemical Company merged to form DowDuPont (DowDuPont), with the intention of eventually splitting into three independent publicly traded companies: Corteva Agriscience focused on agriculture; Dow focuses on materials science; Dupont focuses on specialty products. The dissolution of DowDuPont was completed on June 1, 2019.