my country’s alkylate (isooctane) production capacity continues to expand, and industry profits are expected to reach high levels
Alkylate, also known as isooctane and gasoline additive, is a hydrocarbon-containing product in the petroleum refining process. Alkylated oil has the advantages of high combustion calorific value, high octane number, low sulfur content, good sensitivity, and wide boiling point range. As a high-quality oil raw material, it is widely used in printing inks, paints, detergents, glues, cosmetics, aviation, etc. It is widely used in gasoline, automotive gasoline and other fields.
Alkylate oil is a gasoline additive that meets the National VI standard gasoline production requirements and accounts for nearly 10% of gasoline production costs. On June 30, 2023, the Ministry of Finance and the State Administration of Taxation issued the “Announcement on the Implementation Standards of Consumption Tax Policies for Certain Refined Oils”, which clearly stated that from the date of the announcement, alkylate (isooctane) will be levied consumption tax on gasoline. . It is expected that in the future, with the gradual implementation of the refined oil consumption tax adjustment policy, the price of alkylate oil in my country will increase, and industry profits are expected to achieve high levels.
With in-depth research and technological advancement, the application scope of alkylate oils continues to expand, including printing inks, paints, detergents, glues, cosmetics, etc. In the field of printing inks, alkylated oils can be used as ink binders and thickeners; in the field of paints, alkylated oils have excellent solubility and dilution properties and can be used as paint thinners; in the field of detergents, alkylated oils Base oil can quickly dissolve dirt and can be used in car care, ship repair, etc. Benefiting from the promotion of national policies and the growth of market demand, the prosperity of my country’s alkylate industry will continue to improve.
According to the “2023-2028 China Alkylate (Isooctane) Industry Market In-depth Research and Development Prospects Forecast Report》 shows that the main preparation processes for alkylation include hydrofluoric acid (HF) and sulfuric acid. Currently, my country has nearly 130 HF alkylation units and nearly 120 sulfuric acid alkylation units. set. As the number of new alkylation units continues to grow, my country’s alkylate production capacity continues to increase, reaching nearly 25 million tons in 2022.
my country’s alkylate industry is highly concentrated, with leading companies occupying a dominant position in the market. Yuxin Co., Ltd., Yueyang Xingchang, Qixiang Tengda, Rongsheng Petrochemical, Fujian United Petrochemical, etc. are the main alkylate producers in my country. Yueyang Xingchang’s main products include alkylate, methyl tert-butyl ether (MTBE) and polypropylene (PP). Its annual alkylate production capacity reaches 200,000 tons. According to the annual report of Yueyang Xingchang Enterprise, the company will achieve revenue of 3.22 billion yuan in 2022, a year-on-year increase of 65%.
Industry analysts said that alkylate oil, as a high-quality oil raw material, is widely used in many fields. In the future, with the gradual release of market demand, the development trend of my country’s alkylate industry will continue to improve. Alkylate is a gasoline additive. In the future, with the gradual implementation of National VI standards and refined oil consumption tax adjustment policies, the prosperity of my country’s alkylate industry will further increase.