Jiahua Energy (600273): Flower Of Circular Economy In Chemical Industrial Park

Thick chimneys, touching in the clouds, connect the underground pipes, a three-dimensional chemical forest in Zhapu, Zhejiang.

Behind the vigorous ecological environment, we can not do without the "nutriment" of Jiaxing energy pmission, which is the basic service provider of the park.

Today, as a gardener, Jiahua energy has grown into a "big tree": building a complete circular economy industrial chain based on combined heat and power production; taking sulfonated medicine as a branch, pumping out a broad application market; taking hydrogen energy as a new bud, breeds the next industrial outlet.

"No matter how the price of raw materials and the economic environment changed, Jiaxing has maintained a net profit growth of more than 20% per year in the past five years."

Referring to the growth of Jiahua energy, Guan Jianzhong, chairman of the board, regarded the word "stable" as the foundation of the company's foundation, extended the industrial chain and increased the added value of the product, which is the "growth factor" that the company has constantly broken through the ceiling.

"In the past, we were a traditional chemical enterprise, providing basic chemical raw materials for enterprises in the park, but now we can say with great pride that we are a new chemical material enterprise with core technology."

"Cycle" to build core competitiveness

To provide basic services for the operation of China's new chemical materials (Jiaxing) park, is the "post" of Jiahua energy.

With cogeneration as the core device, Jiaxi energy supplies steam produced by turbine units to enterprises in the park and the surrounding enterprises. The self produced electricity is mainly used for the production of the company's own chemical plant.

While serving others, the company itself has also benefited a lot.

The process of synchronous generation of electric energy and heat energy saves fuel and benefits as compared with the traditional mode.

At the same time, the "by-products" generated in the installation process become the raw materials for other enterprises in the park, and the starting point of the company's deep processing and finishing.

"This mode of internal and external circulation constitutes the core competitiveness of Jia Hua."

Guan Jianzhong said with a smile.

The "internal circulation" in his mouth, namely, from the source of CO generation, is a circular supply chain with products of chlor alkali, sulfonated pharmaceuticals, fatty alcohols and sulfuric acid.

"Taking chlor alkali as an example, one of its main production costs is electrolysis. Our self produced electrical installations can bring huge cost advantages."

Guan Jianzhong said.

Similarly, sulfonated pharmaceuticals, fatty acids (acids) and other new chemical materials can not only make full use of water, electricity, steam and other supporting resources, but also rely on other basic chemical products of the company to obtain lower cost and stable supply of matching raw materials.

"This mode enables every single product of the company to be more competitive in the market, and at the same time, it can enhance the overall efficiency and comprehensive strength of the company through product convergence."

The "external circulation" relies on the cooperation among enterprises and the overall growth of the park.

At present, Jiaxing port area has formed a new industrial material system of chemical engineering, which is mainly composed of engineering plastics, synthetic rubber, silicon materials and ethylene oxide.

Since its establishment in 2001, the park has gradually attracted large international enterprises such as emperor, Anglo Dutch Shell, BASF, Tsun Shan chemical, Lotte chemical and other large international enterprises, and has gathered the leading domestic chemical industry such as Sanjiang chemical industry, Hesheng silicon industry, Tong Kun stock and zangyu technology.

Through the construction of public corridors, central heating network and other infrastructure facilities, all chemical enterprises in the area are linked into an ecological organism and a recycling circle in the park.

In the chain of circular economy, which is closely linked with each other, Jiaxi energy plays an indispensable role as a supplier of steam heating and basic chemical products.

Guan Jianzhong said: "for example, we provide steam, liquid three sulfur oxide and caustic soda to BASF, provide steam, caustic soda, sulfuric acid and hydrogen to the silicon industry, provide steam, desalted water and fatty alcohol to Sanjiang chemical industry, then they will turn the condensate water to us.

These condensate temperatures range from 60 to 70 degrees Celsius, which is more efficient than direct processing of cold water.

He further said, "if the enterprises in the park get some materials from the outside, besides the high cost of logistics, the damage is considerable, and we only need to complete the material pfer through the pipeline."

At the same time, Jiahua energy is also constantly sharing the growth dividends of the park.

In recent years, the advantages of logistics and location in Jiaxing port chemical industry new material Park, which is only 100 kilometers away from Shanghai, Jiangsu, Hangzhou and Ningbo, has become more and more obvious.

"Whenever a new enterprise in the park lands, it will be our new customer, and this cooperation will be long-term and stable."

Guan Jianzhong jokes, "good parks are really good."

Sulfonated pharmaceutical products "ripened and cooked"

While consolidating the foundation and strengthening the torso, Jiaxi energy is constantly producing new profit growth points.

Over the past five years, the operating income of the company has been 3 billion 385 million yuan, 3 billion 391 million yuan, 4 billion 503 million yuan, 5 billion 576 million yuan and 5 billion 604 million yuan respectively. The net profit of the female parent has increased steadily at a rate of 20% or more per year, reaching 579 million yuan, 672 million yuan, 740 million yuan, 969 million yuan and 969 million yuan respectively.

"We can see that Jiaxing's profit growth is faster than capacity growth."

Guan Jianzhong said with pride, "to do this, besides the horizontal expansion of the product line, the most important thing is to increase the added value of the monomer product."

Sulfonated pharmaceutical products are a major highlight of the company's business.

"Our sulfonation was done very early. In those days, the main product of Jiahua group is saccharin, which is a major application direction of sulfonated product line."

But it has taken a lot of trouble to pplant the business to listed companies.

"At that time, the major shareholders of the company did not agree, because they were not optimistic about the prospect of the business. Besides, their biggest concern was how to solve the technical problem, and finally did not talk about it, resulting in a number of Shareholders Withdrawing."

Recalling the difficulties at the beginning, Guan Jianzhong was filled with emotion.

"Their worries are not unreasonable. In the first year, we really failed.

On the one hand, the process did not get through. After the process adjustment, many concepts and methods of operation were different. Many employees did not adapt to it. On the other hand, management ideas remained in the past and did not adapt to the new situation.

However, the hard experience of tackling difficulties is only a few words in Guan Jianzhong's description, and joy and excitement soon surfaced on his face.

"Fortunately, it was finally made.

At present, our technology application has reached second generations. The third generation of technology is needed to double the planned expansion, and the research and development of the fourth generation technology is also developing.

We have certain advantages in terms of environmental protection, product quality and production cost.

According to introducing, Jiaxi energy is the only enterprise in the industry that uses liquid three sulphur sulphur continuous sulfonated pipeline reaction technology. Compared with the main traditional batch process in China, this technology can reduce the discharge of three wastes from the source.

This also makes the "environmental storm" swept away by the company not only has not been shocked, but with the expansion of downstream demand usher in new opportunities for development.

At present, Jiaxi energy already owns a luxuriant "sulfonated medicine industry tree".

Based on toluene as raw material, after a series of synthetic reactions, the company has derived a series of products, such as the PTSC used in the production of anti drug intermediate, the MST used in the production of veterinary drug intermediates, and the OTSA used in the production of insoluble saccharin and sulfonamide intermediates.

In 2018, BA, a self-developed sulfonated intermediate developed by Jiahua energy, successfully realized industrialization and inserted "wings" for the development of sulfonated pharmaceutical industry.

The company's 38 thousand tons TA (downstream product of toluene chlorosulfonic acid) production plant has been put into operation, not only has solved the bottleneck of the subsequent development of sulfonated medicine, but also laid the foundation for the value-added upgrading of downstream products such as sulfonated oil, methylsulfone toluene and amide.

In 2018, sales of sulfonated pharmaceutical products reached 525 million yuan, an increase of 50.20% over the same period last year.

In Guan Jianzhong's view, the outbreak of sulfonated pharmaceutical plates is not so much a catch up with the draught.

Actively layout hydrogen energy industry

Hydrogen energy industry is a new bud of Jiaxi energy.

Although the existing chlor alkali plant's surplus hydrogen has a certain external sales business, it is mainly used as raw material for chemical products, the added value of products is not high, and some of them are directly emptied.

"In the past, we still paid for the hydrogen."

Guan Jianzhong told reporters that because hydrogen is flammable, it can not be emptied directly, and it needs to be mixed with a high proportion of nitrogen to pretreat and then "run off".

Today, this "burden" is expected to become a treasure.

"Unlike other houses, our biggest feature is that hydrogen is only a by-product."

Facing reporters' doubts, Guan Jianzhong further explained, "now hydrogen energy is still a new energy source, and how big the market is is unknown.

If hydrogen is specially prepared, there is a problem of digestion.

For example, the mode of propane hydrogen production needs to plan ahead production capacity, and once it is put into construction in accordance with the design, it can not be changed at the later stage, so there is a risk of overcapacity.

Therefore, "Jiaxi" has become more flexible and calm.

"Pipeline network is our natural pportation line and storage room. If the hydrogen generated from chlor alkali process can not be digested externally, we can also use it ourselves."

Guan Jianzhong said.

At the same time, superior location conditions give the company a natural competitive edge.

Under the premise of covering costs, hydrogen pport has a certain range of radiation, of which the gaseous hydrogen is about more than 100 km, and the excess needs to be pformed into liquid hydrogen for pportation.

In Jiaxing, where the company is located, the radiation radius of more than 100 kilometers can bring all the cities such as Shanghai, Suzhou, Hangzhou and Ningxia into full account, which is enough for the "right place".

In fact, the layout of hydrogen energy in Jiaxi energy has been further moved.

The company plans to join hands with partners to accelerate the entry into the hydrogen energy sector.

On the evening of April 10th, the company announced the signing of a strategic cooperation agreement with the national investment alliance.

It will become a strategic shareholder of the company and cooperate with the company in the field of hydrogen energy, shale gas separation, hydrogen production and processing.

In addition, the two sides can promote the integration of new energy and new materials through the establishment of an industrial fund.

Before that, Jiaxi energy also signed a three party strategic cooperation framework agreement with Sanjiang chemical industry and air chemical industry.

The three sides agreed to cooperate in depth and strive to increase the added value of hydrogen products.

It is understood that one of the partners, air chemical industry, relies on the world-renowned industrial gas carrier air products company, and has "real combat" experience in commercial hydrogen supply and liquid hydrogen supply.

"We need to make full use of the opportunity for the development of fuel cells in the Yangtze River Delta city group to promote the comprehensive utilization of low-carbon energy."

Guan Jianzhong confidently said, "the development of hydrogen fuel cell vehicles is opening up a very large market space. Jiaxing is also actively making a layout for the beach."

Rooted in the fertile soil of the regional economy, the backbone of the Jiaxi energy recycling industry is becoming stronger and stronger; the growing sulphonated medicine plates are continuously producing new branches and leaves; the newly springy hydrogen energy field reveals the fragrance of the next spring.