Be careful! New energy dividends attract petrochemical bosses! Asia's richest man can't si

Compared with traditional chemicals, new materials such as PC, DMC, ABS, PBS, PBAT have higher added value; at the same time, the implementation of the domestic "two-carbon" strategy, the transformation and upgrading of the manufacturing industry, and the changes in consumption structure will promote The rapid development of domestic renewable energy, new energy vehicles, 5G technology, consumer electronics and integrated circuits will inevitably lead to an increase in the demand for related new chemical materials.

Polyester 100 billion market value giant
Generous entry into the fields of new materials and new energy
It has entered the field of new materials and new energy in a big way, and the Nuggets "dual-carbon" market, the domestic petrochemical leader Dongfang Shenghong ushered in a great performance! From printing and dyeing to chemical fiber, to petroleum refining, Dongfang Shenghong has continued to expand through a bottom-up whole industry chain, and has grown into an A-share petrochemical giant with a market value of nearly 100 billion.

On the evening of January 5, Dongfang Shenghong released a performance forecast, which is expected to make a substantial profit of 4.1 billion to 5 billion yuan in 2021, an increase of 435% to 552.44% over the same period of the previous year (after retrospective adjustment). The substantial growth in performance indicates that Dongfang Shenghong's major asset restructuring has come to a successful conclusion.

On December 23, 2021, Dongfang Shenghong announced that the company plans to acquire Jiangsu Sierbang Petrochemical Co., Ltd. (“Serbond”) under the same parent company Shenghong Group at a price of 14.36 billion yuan by issuing shares and paying cash. ”) 100% equity and raising no more than 4.089 billion yuan was unconditionally approved by the M&A and Restructuring Committee of the China Securities Regulatory Commission. The injection of Sierbang into Dongfang Shenghong is also regarded as an important measure for Shenghong Group to accelerate the pace of transformation in the fields of new materials and new energy, and to dig into the "dual carbon" market. The editor learned that Shenghong Group will accelerate its layout in three major directions including new energy, high-performance new materials, and low-carbon green industries in the future. As the most important subsidiary and listing platform of Shenghong Group, Dongfang Shenghong will undoubtedly be Carrying the main force for the implementation of this strategy.

"Through the acquisition of Sierbang, Dongfang Shenghong will directly enter the field of photovoltaic materials EVA, and the company's business 'new' structure will gradually emerge. According to the plan, after the acquisition of Sierbon, Dongfang Shenghong will not only have a 'from a dro of oil to a root' The whole industrial chain layout of silk will also cut into the fields of new materials and new energy, forming an industrial matrix of "refining + polyester + new materials".

In addition to Dongfang Shenghong, since the second half of 20 years, Hengli has introduced a lithium battery diaphragm production line, and Rongsheng Zhejiang Petrochemical has put into operation an EVA plant with an annual output of 300,000 tons. The big players in the polyester industry have also deployed the new energy market. New business formats and new elements to seize more market share.

Asia's richest man can't sit still!

Invest 480 billion yuan to plan the transformation of new energy
Of course, everyone wants to get a share of the "cash cow". While the domestic polyester leader enters the new track to gain huge profits, foreign petrochemical giants can't sit still! Last Thursday, local time, Reliance Industries, which is controlled by Asia’s richest man Mukesh Ambani, announced that it had signed an investment agreement with the Gujarat government worth nearly 5.95 trillion Indian rupees (about 81 billion U.S. dollars). Most of the investment will go towards building green energy projects to achieve the petrochemical giant's 2035 vision of carbon neutrality.

According to the announcement, 5 trillion rupees (about 76 billion US dollars, 482.7 billion yuan) will be used to invest in the construction of 100 gigawatts of renewable energy projects and a green hydrogen network, in addition to 600 billion rupees will be used to build production solar energy Plants for panels, hydrogen electrolyzers, fuel cells and energy storage cells with a total investment cycle of 15 years. The remaining investment is mainly used to upgrade retail network services, including upgrading and new 5G communication projects.

According to reports, Reliance Industries has started the process of finding land for new energy projects, and has already proposed a land demand of 450,000 acres to the government.

It is worth mentioning that although this announcement is only a memorandum, it does not mean that every project can be implemented. But compared with Ambani's "three-year $10 billion" green transition investment commitment in June last year, the pace is still a lot bigger. Considering that 60% of Reliance Industries' revenue currently comes from oil refining and chemical businesses, it does require a lot of determination to achieve the company's 2035 operational carbon neutrality goal.

In addition to Ambani, "Asia's second richest man" Gautam Adani also called out the goal of investing US$70 billion in the "green value chain" by 2030 at the end of last year, and has reached an agreement with South Korea's Posco , plans to invest $5 billion to build a "green steel" plant in Gujarat.

According to the Bloomberg Billionaires Real-Time Index, Ambani is currently worth $96.8 billion, ranking 12th in the world, while Adani ranks 14th with $85.6 billion.

Facing the complex and changeable market environment, "improving the upstream and strengthening the downstream" has become an inevitable strategic choice for petrochemical leaders. On the one hand, by expanding and improving the layout of the mid-to-upstream industries, further expanding the business support and development barriers of high-end chemical raw materials, the foundation for the development of the entire industry chain has become wider and wider, and space is reserved for the expansion of downstream industries. The superimposed "carbon neutrality" policy is gradually implemented, the new energy market still has a broad space, and the demand is still a blue ocean. The intervention of the giants will help to build a petrochemical leader and reach a peak, and may also bring more opportunities to the market. turmoil.