Feasibility Analysis Of Acrylonitrile Expansion Projects Of CNPC JILIN Petrochemical

Acrylonitrile is one of the main products of the Jilin Petrochemical Company (hereinafter referred to as JPC).Considering the better market conditions in recent years, there is a possibility for a larger long-term market development of acrylonitrile.The JPC took the good market opportunities and timely expanded the capability of acrylonitrile products . This paper based on the acrylonitrile plant expansion project, we combined the feasibility both on theory and practices of this investing project.We tested the changes of economic indicators that making sure they were still feasible through the changes of market effected by the implementation and planning of this project.The Acrylic industry is undergoing structural adjustment acrylic, the acrylic market is transforming from Europe to Asia. The largest producers of acrylic such as Japan also faces the industrial restructuring and shows the tendency of stopping or transferring the production factories, as people all anticipated,in the future, China will be the main battlefield of acrylic market competition. In recent years China has become the world's largest consumption of acrylic,but acrylonitrile as the main raw material for acrylic productions,its supply has been in short at least in next 5 years, the gap will continue to rely on imports to made up.Aiming to be a stronger, bigger acrylonitrile producer,increasing the market competitiveness, the JPC brought in a new acrylonitrile plant with the capacity of 106,000 tons / year . This paper describes the new market conditions, through the research of evaluating the feasibility of the project to guide the practice of project decisions. Market strategy of the project as follows: in order to seize the opportunity to capture the target market, with JPC's high reputation, reasonable price and high quality products, ensure delivery, stably develop and establish the relationship with target market. In the construction schedule for the full acrylic with Jilin Chemical Fiber Group Company completed expansion project complete, to prevent the transformation of the target market. Operation carefully to ensure quality, reduce costs and enhance their competitiveness. In addition, the use of new-product hydrogen cyanide, the downstream industrial scale methyl methacrylate, the downstream device to play the economic scale, expand market share in the occupation, increase economic efficiency.In this paper, the main idea of the current situation of the market from the project, first by analyzing the pre-market demand, supply and price situation, with the current market conditions to analise comparatively. Obtained due to changing market conditions, resulting in production cost and profit situation of great change, the expansion project on the impact of acrylonitrile unit level. Financial estimates for the main research methods and comparative analysis, the corresponding results.