Research Report on the catalyst industry

2016-06-21 11:51:47

With the development of industrialization and urbanization in China, the environmental pollution is becoming more and more serious. National attention to environmental protection has increased to an unprecedented height. At present, the overall scale of China's environmental protection industry has gradually expanded, the industry has been expanding, the overall level has been continuously improved. The growing importance of environmental protection, environmental pollution total investment accounted for gross domestic product (GDP) the proportion increased year by year, but compared with the actual needs of the pollution governance peak in western countries and China's pollution control, environmental inputs also differ very far. According to international experience, in the period of rapid economic growth, China has only to increase investment in environmental protection, so that the environmental protection industry to achieve GDP 3% can effectively control pollution, so that environmental protection and economic development to adapt. Therefore, the future development of China's environmental protection industry is considerable.

First, the upstream and downstream industry overview
1 upstream industry overview
    Upstream industry is mainly on the supply of raw materials, which affect the procurement costs of the industry, but the supply market is fully competitive, product oversupply, the impact on the development of the industry is small.
    The raw materials of SCR de NOx catalyst mainly include noble metal and metal oxide, in which precious metals are mainly Pt, Pd, Rh and Ag as catalysts, metal oxides have V2O5, Fe2O3, CrOx, MnOx, MgO and NiO, etc.. These raw materials enterprises formed a collection of SCR denitrification catalyst industry upstream industry. At present, with the further research of the SCR denitrification catalyst, noble metal catalyst was soon replaced by the metal oxide catalyst. Among the numerous metal oxide catalysts, most of them are V2O5/TiO2, or V2O5-WO3/TiO2, which are used in traditional SCR devices, which have high catalytic activity.
   SCR denitrification catalyst raw material composition, mainly including titanium and vanadium of these two components. Titanium is one of the major elements in the earth's crust, which is in the form of oxide or titanate, and is often associated with iron. China is one of the countries with rich titanium resources, which accounts for about 48% of the world's titanium reserves. Among them, China's titanium ore reserves of about 2 tons (in TiO2), ranking first in the world, accounting for 98% of the total reserves of titanium resources in China, Jin Hongshi accounted for only 2% of the total reserves of. China titanium resources mainly in the lower grade of primary ore, a small amount of high grade beach placer. The ilmenite resources in primary ore accounted for 97%, accounting for 3% of placer resources; rutile, primary ore and placer deposits accounted for 86% and 14%. China has titanium deposit up to more than 140, distributed in more than 20 area, the main origin have Sichuan, Hebei, Shaanxi, Gansu, Guangdong, Guangxi, Hainan, Yunnan, Hubei, Shanxi, Henan, Hainan, Fujian and other places.
    China is extremely rich in vanadium resources, is the world's vanadium resource reserves. Currently the world's total output of vanadium is about t/a, the world's three largest producer of vanadium in South Africa, China and russia. Its vanadium production accounted for 45.5% of the world's total production share, 29.5% and 22.7%, other countries accounted for only 2.3%.
Rich titanium and vanadium resources provide a powerful guarantee for the development of SCR de NOx catalyst industry.
2 downstream industry overview
    Flue gas desulfurization and denitrification industry customers are mainly divided into two categories, one is the thermal power industry, the other is non thermal power industry, including steel, cement, petrochemical, coal chemical industry, etc.. Due to thermal power so far is still China's power demand of the main form, from the point of view of the nationwide, thermal power plant with installed capacity of large, big, wide distribution and other characteristics, to regional distribution and the regional concentration degree is very high. In general, the oligopoly. So in the thermal power plant flue gas treatment, the task is heavy, more stringent requirements, more difficult.
As of the end of 2014, but there is still a part of the power plant has not yet completed the transformation of the denitrification system, the market has a lot of space. With the development of economy, the increasingly serious air pollution, the state of atmospheric emission standards and control more and more strict, in advance of the new mode of "ten of the atmosphere" and "PPP", "45" environmental protection market has great potential, the total social investment is expected to reach 17 trillion yuan. Downstream industry demand increased, providing a more broad market space.
Industry development favorable and unfavorable factors
1 favorable factors
(1) the support of the national industrial policy
Environmental protection industry is a typical policy driven industry, has a strong policy driven characteristics, the growth and development of environmental protection industry and the country's environmental protection policy, laws and regulations and policies are closely related. The eighteen great first mention of the "beautiful China" concept, the construction of ecological civilization on a prominent position, highlighting the ruling party to improve environmental protection, the determination and will to eliminate the environmental crisis. This has laid a solid foundation for the development of the environmental protection industry.
Current situation of atmospheric environment of our country is very serious, in order to solve the problem of air pollution, in recent years the thermal power plant air pollutant emission standards "national environmental protection" 1025 "planning" the "Twelfth Five" energy-saving environmental protection industry development plan "," energy conservation "1025" planning "and so on a series of policies issued continuously, vigorously promote the atmospheric environmental protection special equipment manufacturing industry, especially the removal of NOx catalyst industry development.
(2) the equipment manufacturing industry has broad market prospects
Currently removal denitrification unit for a total capacity ratio is still relatively small, the key region for prevention and control of atmospheric pollution "1025" planning "and de NOx national price promotion, strengthen the cement, chemical, steel, thermal power industry, the treatment of nitrogen oxides, bring the cement plant, chemical plant, steel plant, electric power plants, waste incineration plant exhaust denitrification demand, is expected to" 45 "during denitrification system facing broad market demand and bring de NOx equipment peak demand.
(3) the continuous improvement of the technical level of environmental protection equipment manufacturing industry
Core technology breakthroughs, the independent research and development of key manufacturing equipment, and promote the continuous improvement of the level of environmental protection equipment manufacturing industry. While improving the product effect, it can effectively reduce the environmental cost of enterprises, and promote the wide application of atmospheric environmental protection equipment in various high pollution industries.
2 adverse factors
(1) the economic development faces greater downward pressure on environmental protection investment and environmental expenditure
In China's primary energy consumption structure, coal accounted for more than 60%, a dominant position of coal in the energy structure of the short term is difficult to shake, but in the current economic downward pressure, proposed by the government in our country should be the construction of coastal nuclear power, UHV transmission, large hydropower, and large-scale wind power, photovoltaic and other renewable energy projects. These clean energy construction in the future will have a certain alternative effect on thermal power generation, but also for the production of equipment to produce adverse effects.
(2) the implementation of the new deal in the system of environmental protection, mechanism, management is not perfect
Environmental protection projects more reflected in the environmental benefits and social benefits, the need to support the country's fiscal policy and monetary policy. Specific implementation of the new system of the new deal, the management model has not been established, the potential market is limited, the lack of an equal competitive market rules, resulting in bad money drives out good money phenomenon. Lead to the catalyst industry excellent technology and services in the application of the market, there is a phenomenon of unfair treatment.
(3) independent innovation and comprehensive ability is weak
Overall, China's environmental protection industry innovation capability is not strong enough, the level of equipment is not high enough, the independent brand is not loud enough. Lack of diversification, multi-level and long-term stability of R & D funding channels; standardization of products, complete sets of series level is not high; independent research and development ability is not strong, high degree of dependence on foreign high technology; high-end talent reserves relatively insufficient. In the near future, the technology will become one of the important bottlenecks restricting the development of China's environmental protection industry. Although various technologies have been applied in our country, but not widely, there are still a lot of high pollution industry enterprises do not use these key technologies. In addition, although in recent years to organize the implementation of the desulfurization, denitrification and other key technical problems, to lay the foundation for the control of atmospheric pollution. But there are still many techniques in our country does not have independent intellectual property rights, some just put into operation or under construction, to be tested in practice. China's environmental protection enterprises in the transformation, introduction and absorption of foreign mature environmental technology and equipment, as well as in the development of technological processes there are still a lot of problems, lack of comprehensive strength to address the growing environmental problems.
China's market size of the industry to take off
Since the beginning of 2012, the thermal power industry began to change. At the same time, increased year by year in the face of the base of pollutants, increasingly strict emission standards, electric power industry in accordance with national requirements, has been committed to the comprehensive governance of pollutants from coal burning, so the removal of nitrate industry the main income source is in power station boiler field.
According to the China Environmental Protection Industry Association desulfurization and denitrification Committee data, by the end of 2014, the major power companies in the country to install the installation rate of more than 90%. National energy saving and environmental protection investment more than 60 billion yuan, of which Huaneng Power International Limited by Share Ltd invested 17 billion 300 million yuan, China Datang Group invested 7 billion yuan, China Power Investment Corp invested 5 billion 500 million yuan. In addition, in 2014 the national energy conservation and emission reduction technology transformation efforts continue to strengthen, the proportion of denitrification unit reached 93.7%, completed on schedule sulfur dioxide, nitrogen oxide emissions task. By the China Electricity Council preliminary statistics, as of the end of 2014 flue gas de denitration unit capacity about 66 million kilowatts, about the country's total coal-fired electricity installed capacity of 80%, nearly 22 percent higher than in 2013, than the United States (2011) is as high as 30 percentage points. (see chart).
Investment in environmental protection funds: 2014, the coal enterprises to actively raise funds to overcome the difficulties, the transformation of large-scale environmental protection facilities. By the China Electric Power Association preliminary estimates, only in 2014 desulfurization, denitrification, dust removal and transformation costs more than 50 billion yuan, the annual cost of electricity for environmental protection facilities operating costs more than 80 billion yuan.
1 thermal power industry, the market scale of denitrification
Put into operation in 2014 of the thermal power plant flue gas removal denitrification unit capacity of about 2.5 million kilowatts; as of the end of 2014, has been put into operation of the thermal power plant flue gas removal denitrification unit capacity of about 6.8 million kilowatts, accounting for 74% of the active thermal power capacity. Due to the high efficiency of SCR process for nitrogen oxides removal, suitable for high standard emission limit of thermal power industry, has been, the technology related to the construction of the process and equipment of thermal power industry. At the beginning of the development of the technology of denitrification in China, all of the key technologies and equipments of foreign SCR depend on the introduction of foreign technology. In recent years, with the development of China's domestic flue gas denitrification technology, industrialization, independent innovation and development of the full speed, to adapt to the complex and diverse SCR coal technology in China has been the rapid promotion of the full thermal power industry. According to statistics, in 2014 the whole industry thermal power SCR denitrification unit capacity of up to one to one, about 96.18% of the total active power unit capacity, compared with the last year increased by 1. Thermal power plant flue gas desulphurization franchise contract has been signed by the unit capacity of 19 million 700 thousand kilowatts, of which, 13 million 970 thousand kilowatts units have been put into operation by the franchise mode.
2 iron and steel industry, the market size of the industry
From January 1, 2015, the iron and steel sintering, pelletizing industry standards for the discharge of atmospheric pollutants, such as a series of industry of new emission standards for buffer period will end, then all the iron and steel enterprises will perform the newly-built enterprises pollutant discharge limits, the key areas of the iron and steel enterprises implementation of more stringent emission limits. After years of flue gas desulfurization technology in thermal power industry, it provides an important theoretical and practical experience for the selection of sintering flue gas desulfurization process, and develops more rapidly, but it belongs to the initial stage of flue gas denitrification.
3 cement industry, the market size of the industry to take off
As of the end of 2014, the cement industry, the installation of more than 1350 of the production line, accounting for 80% of the total production line. The cement industry is the third largest NOx emission source after the fire power plant and motor vehicle in China. China's cement industry 90% of enterprises to achieve desulfurization standards, 60% of the enterprises can meet particulate standards, while only 10% of enterprises to meet the standard of denitrification. Therefore, the future of the market in the cement industry has a great market demand.
industry barriers
1 Technical Barriers
With the environmental management standard is getting higher and higher, the corresponding removal of NOx control technology needs to develop in the direction of the high-end, high denitrification, full load removal denitrification, resistance to high concentrations of SO2 at low temperature de NOx, low cost removal of mercury, dioxins catalytic transformation is a worldwide problem. Due to the characteristics of the new entry of the enterprise formed a technical barriers, only with a strong technical foundation and engineering experience of enterprises in the environmental protection industry and based on the catalyst industry.
2 Capital Barrier
Air pollution control equipment manufacturing industry, especially the catalyst industry is a technology, capital intensive industry. To enter the industry need to invest a lot of money to the professional technology and equipment research and development or the introduction of and the purchase of a large number of advanced specialized production equipment, professional testing equipment and analytical instruments, construction of large area, high standards of production and processing plants and equipped with large flows of funds used to undertake, market development and procurement of raw materials. In addition, the downstream customers often according to the project implementation progress of the amount of the contract payment, enterprises need to advance more funds for production.
3 talent barrier
With the increasingly fierce market competition in the industry, denitration technology and process requirements of downstream industries as well as national standards and continuous improvement in the off nitrate equipment production enterprise in all aspects of the product design, R & D, production, service and management need corresponding professional technical and management personnel, especially in technology research and development and undertaking innovative projects, to understand customer needs and propose innovative technology solutions, recruit the first condition of competitive bidding. As a result, talent barrier has become one of the barriers for enterprises to participate in the competition.
4 performance barriers
Because of China's environmental protection policy gradually tighter, and strengthen law enforcement supervision, enterprises of atmospheric pollution in order to ensure the construction pollution source emission can successfully met and stable operation, in the process of project bidding tend to choose complete qualification, strong technology and rich experience of the project, the good reputation of the company, these companies usually have rich de NOx equipment manufacturing experience and technology. Therefore, an outstanding performance of the manufacturers are often able to bid for success, the potential of a new entrant to form barriers.