Two Sessions Of The Two Petrochemical Companies: Ethanol Gasoline Can Be Added MTBE + Granted To Private Enterprises Export Quota Of Refined Oil

May 27, 2020

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Listening to the voices of the representatives of the two conferences and paying attention to their expectations and confusion is to "diagnose the pulse" for the development of the Chinese economy. Every voice is the footnote of China's economic development. The suggestions for the petrochemical industry's concerns and grounding are summarized as follows:


Adjust the promotion of ethanol gasoline to allow MTBE


To promote ethanol gasoline in a stable and orderly manner, it is recommended to adjust the full coverage of ethanol gasoline in 2020. It is not appropriate to promote large-scale compulsory promotion in a short period of time to avoid turning oil security issues into a food crisis.

It is recommended to study and promote the implementation of E5 ethanol gasoline standard (add 5% bioethanol), and allow the addition of MTBE (methyl tert-butyl ether) to control the total oxygen content of gasoline to be no more than 3.7% (same as the total oxygen content of E10). Solve the insufficient domestic fuel ethanol production capacity, reduce food consumption, and make full use of the existing domestic MTBE resources to reduce investment waste.


Granted export quotas for refined oil from private enterprises


Li Xiangping, chairman of the board of directors of Dongming Petrochemical, proposed a proposal to grant export quotas for refined oil products to private refining and chemical companies. Li Xiangping said that private refining and chemical companies still face restrictions from the "ceiling" of policies.

At present, there has not been a policy of liberalizing the export of refined oil to private refining and chemical companies in China, which has led to a structural surplus contradiction in the refining industry. This contradiction has become an important factor affecting China's petrochemical industry to implement the conversion of old and new kinetic energy.

If private enterprises can obtain export quotas for refined oil, the reduction will reduce the supply pressure on the domestic refined oil market to a certain extent, thereby revitalizing the market. In addition, under the general trend of refining and chemical integration, this has forced independent refineries to upgrade and transform their industrial structure, and private large-scale refining and chemical companies can also obtain more chemical raw materials for their downstream chemical plants, supporting their chemical industry chain. Rapid development.


Seize the strategic window of crude oil reserves


Jiang Shoulin, deputy to the National People ’s Congress, general manager of Sinopec Luoyang Branch, and deputy secretary of the Party Committee: crude oil reserves directly affect the import volume and strategic initiative. The decline in international oil prices provides a good strategic reserve window for China. Anti-risk capabilities to ensure national energy security.

One is to use national reserves, commercial reserves, large oil tankers, refinery storage and other facilities to expand imports at relatively low prices through long-term contracts, hedging, and spot purchases to increase the capacity of imported crude oil reserves.

The second is to continue to expand investment in infrastructure such as oil reserves and pipelines, accelerate the construction of infrastructure such as planned domestic oil reserves, and take measures to mobilize the enthusiasm of large enterprises and private capital to encourage "storage of oil to businesses". Improve the efficiency of construction and operation of reserve facilities and grasp strategic initiative.

The third is to broaden the scope of the strategic oil reserve system, attach importance to strengthening the construction of oil and natural gas emergency reserves, rationally deploy inland oil and natural gas emergency reserves, establish a multi-level emergency energy reserve mechanism for countries, regions, and enterprises to cope with major public crisis Fluctuations in the energy market, play a role in the regulation and regulation of reserves on the energy market, and ensure the supply of energy in special periods.


High-speed fee reduction


Zhang Jiaji, member of the National Committee of the Chinese People's Political Consultative Conference and vice chairman of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference, proposed that the ETC toll rate of expressways should be reduced in an all-round way.

To support the development of traditional manufacturing, Zhang Jiaji believes that the fundamental reason is to reduce the cost of enterprises, so that they can increase the intensity of technological transformation. At present, the government has made great efforts to reduce taxes and fees. It is recommended to reduce costs for small and medium-sized enterprises in terms of rent, electricity and water consumption, logistics costs, and five insurances and one gold.



Five specific recommendations:

1. Reduce truck tolls

Truck tolls are directly related to logistics costs, and require relevant departments to take special measures from the national level to conduct special measures to reduce fees.


2. Refund of misreceived tolls

Before and after the epidemic prevention and control, the relevant transportation departments overcharged the toll charges that should be refunded to the corresponding ETC account.


3. Expand the type of free vehicles

Nowadays, the types of free vehicles at the national level are very limited, and the types of free vehicles can be expanded.


4. Expand the connotation of "festivals" and increase the free passage time of ETC

Lin Yong said that today ’s free holidays are “May Day”, “Eleven” and “Spring Festival”. He suggested adding New Year ’s Day, Lantern Festival, Women ’s Day, Qingming Festival, Youth Day, Children ’s Day, Dragon Boat Festival, Teacher ’s Day, Mid-Autumn Festival and Chongyang The statutory festivals such as festivals are used as free passage time for ETC (manual lanes implement the original policy), which can not only strengthen the formation of a convenient and preferential national impression of ETC, but also effectively reduce logistics and freight costs.


5. Tolls for ambulances should be eliminated at the national level

Cancel acceptance bill


Ma Yushan, chairman of the National People's Congress Wu Zhong Instrument Co., Ltd., made recommendations this year during the "two sessions" of the country to completely cancel acceptance bills, including bank acceptance bills and commercial acceptance bills.

Now the acceptance bills have exposed more and more problems and can't keep up with this era. It has increased the financial costs and risks of SMEs. Financial companies can issue bank acceptance drafts without deposits as support, but companies need to discount (discount) the bank at a cost of around 5%. At present, the profit margins of some companies continue to decline, and some companies only make profits of 1-2% The cost of financing has taken away the meager profits earned by the company and exacerbated the plight of the company.

Acceptance of drafts can not solve the urgently needed capital requirements, especially the rigid capital needs of companies such as salary payment, tax payment, payment of bank loan interest, and payment of five insurances and one gold. No cash received.

The acceptance bill increases the capital cost of the enterprise. If the acceptance bill is received and expires, it is generally one year or six months, which results in a longer capital turnover cycle of the enterprise; in addition, it needs to pay handling fees and discount interest when discounting in advance. Some also need to pay guarantee fees to guarantee companies, which undoubtedly increased the pressure on enterprises.

Source: Mobei Public Account

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