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海越股份(600387):油品升级在即 异辛烷时代到来

國聯證券 ·  Nov 15, 2016 00:00  · Researches

Haiyue Co., Ltd. has an equity production capacity of 300,000 tons of isooctane. The future trend is improving. The company's main business is sales of products such as refined oil, propylene, isooctane, and liquefied gas. Among them, the company has an equity production capacity of 300,000 tons of isooctane. With the upgrading of domestic oil products, there is plenty of room for imagination. The implementation of the Beijing-6 gasoline standard is imminent. The Zhejiang 6-standard is being tested, and Beijing will begin implementing the Beijing-6 standard on January 1, 2017. The aromatic hydrocarbons and olefin content of gasoline have been further reduced compared to the national five standards. Prior to the official implementation of the Beijing-6 Standard, Zhejiang Province had issued the “Vehicle Gasoline (Zhejiang VI)” standard. Zhejiang six-standard gasoline stipulated that the aromatic hydrogen+olefin content was less than 35%, which is more stringent compared to the Beijing-6 gasoline standard, and according to the “2016 Zhejiang Air Pollution Prevention and Control Implementation Plan”, Zhejiang six-standard gasoline was promoted and tested in Hangzhou, Ningbo and other places in June 2016. Oil products have been upgraded. In order to make up for the loss of octane value caused by the reduction in the content of substances such as aromatic hydrocarbons, etc., it is necessary to increase the amount of high-octane substances MTBE and isooctane added. MTBE is a potential water pollutant. Its use is prohibited in countries such as the US and Japan, and it has a maximum addition limit due to oxygen content, so isooctane has more potential, and is now widely used in oil blending in developed countries.

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