Domestic highlights
China's petrochemical production operation 2025
On 23 january, china issued a proclamation on petrochemicalization (600028/00386) that, in 2025, the indicative announcement of production performance showed crude oil production of 39. 7 million tons, an increase of 0. 20 per cent over the same period; synthetic resin production of 22037 kilotons, an increase of 9. 71 per cent over the same period; synthetic fibre production of 1229 kilotons, a decrease of 1. 52 per cent over the same period; and synthetic rubber production of 1578 kilotons, an increase of 10. 43 per cent over the same period. In the first three quarters of 2025, china's petrochemicalization achieved income of $21,13441 million, or 29,984 million net profit to the mother。
Pulet's net profit increased by 194. 73 per cent in 2025
On 26 january, platt issued a performance forecast of $361 million to $416 million in net profits attributable to shareholders in listed companies in 2025, an increase of 155. 76 to 194. 73 per cent over the same period of the previous year, with a basic gain of $0. 329 to $0. 3792 per share. The change in performance was due mainly to the rapid growth of corporate retrofitting material block operations during the reporting period, which continued to grow with the gradual increase in the share of new energy automobiles, the further expansion of spare parts applications and the successive commissioning of new production capacity at overseas bases; and the rapid breakthrough in non-motor business, which succeeded in gaining access to markets such as energy storage systems, home power, electrical tools and two-wheelers, which also continued to grow rapidly, with the dual impetus of new customer development and new market expansion。
The guangdong yangjiang river is the site of the po-mu-cheng ocean wind and power project
On 23 january, the green hydrogen park (yangjiang) project, with a total investment of $11. 9 billion, was officially launched in guangdong yangjiang. The project will build an annual production base of 80,000 tons of green hydrogen, a green ammonia line, a hydrogen advanced equipment base, a solid-state hydrogen material production line and an innovation research and development centre。
Cos shares declined by 70 percent in 2025
In recent days, nanjing kos chemical corporation ltd. (hereinafter “korse share”) has issued a performance forecast for 2025, which shows that the company's performance in the current period has declined in the same direction as during the same period of the previous year, and that the net profits attributed to the shareholders of listed companies are projected to be more than 70 per cent lower than the same rate. The projected profits of $90 million to $120 million reflect a decrease of $78. 67 per cent ~84. 00 per cent, compared to $562. 734 million during the same period of the previous year; net profits after deduction of non-recurring gains and losses: the projected profits of $85 million to $115 million, a decrease of 78. 31 per cent ~83. 97 per cent from $5. 325. 18 million during the same period of the previous year。
The heilong river green methanol project was approved
On 23 january, the online regulatory platform for the heilongang province investment project released information indicating that the green methanol project for the integration of hydrogenol in china coal collection in heilongjiang province had been documented. The total investment in the project was $2. 13 billion. The project uses the green power from wind and photovoltaic plants to electrolyte hydrogen, which is 70,000 nm3h, and produces approximately 136,000 tons of green methanol a year after co-production with carbon dioxide. This will be accompanied by 500 mw off-grid wind and 150 mw off-grid photovoltaics (wind and photovolt separate files)。
International highlights
Linder signed a new gas supply agreement with the china sea shell
In recent days, lindh, one of the world's leading industrial gas and engineering companies, has announced that a new gas supply agreement has been signed with china sea shell petrochemical co. Ltd. (hereinafter referred to as the “central sea shell”), while linder will also build and operate a new air separation unit (asu) to provide gas for the central sea shell joint petrochemical plant located in the grand gulf petrochemical park of guangdong。
U. S. Gas futures price went over $6
According to news reports on january 26, united states gas prices surged sharply on january 25, following winter storms that hit most parts of the united states, and futures prices broke six dollars per million british thermal unit for the first time since 2022。
Canada launched the first global dac platform
In recent days, alberta, canada, has been successful in shipping the first global technological direct air catch (dac) platform, deep sky alpha. The project is also canada's first successful geological storage facility for carbon dioxide capture and storage into sediments. The platform, with core technical support from nikkiso clean energy and industrial gases group, is equipped with a centralized co2 purification and liquefaction system. The system, as the final process point for all carbon dioxide captures, has the flexibility to handle the output of different dac technical modules on the platform and the ability to expand on new technologies that are compatible in the future. As a technology-neutral commercial testing centre, the platform could accommodate up to 10 dac systems operating in parallel and assessing under real conditions to facilitate the commercialization and scale-up of efficient, low-energy carbon removal technologies。
