JEC COMPOSITES MAGAZINE - Issue #143 - November/December 2021 - 17

Carbon fi bre: China accelerates the timelines
production
capacity
for
carbon fibre was only about
17,000 tons, relying heavily
on imports.
Efforts are made by new
entrants in the carbon fibre
industry such as Chinese
state-owned giants Sinopec
and Baowu Steel Group (see
boxes 1 and 2). According to
Sinopec, China's demand for
carbon fibre has been continuously
expanding
imports
since
2017,
reaching 31,000 tons in
2018, up 32% from the previous
year. During the same
period,
reached
Changzhou National High-tech Zone to have more than 80 carbon fi bre and composite materials enterprises by 2025
(source: Changzhou National High-tech Zone)
announced the objective for
carbon fibre projects to have
a production capacity of
about 45,000 tons. ComparFocus
China's
steel giant bets on carbon fibre potential
" How can we produce steel with higher strength and lower
weight? We want to be involved in carbon fi bre, aluminium alloy
and other new lightweight materials, positioning ourselves as
a supplier of integrated material solutions " , said Chen Derong,
chairman of state-owned steel giant China Baowu Steel Group
in a recent interview broadcast by the CCTV fi nancial channel.
Shortly after, he expressed that the carbon fi bre industry is a
strategic new industry that China Baowu will focus on in the
future.
In order to strongly develop the carbon-based new material
business and quickly enter the carbon fi bre fi eld, China
Baowu's wholly-owned subsidiary Baowu Carbon Material
Technology acquired Jinggong Carbon Fibre from the Jinggong
Group. In January 2021, the name of the purchased company
was offi cially changed to Zhejiang Baojing.
Li Junhai, senior vice president of Baowu Carbon and chairman
of Zhejiang Baojing, announced that the company will
soon launch a 60,000-ton carbon fi bre precursor project with
an annual output of 18,000 tons of carbon fi lament.
atively, as of 31 December
2020, the effective domestic
22,000 tons, up 36.8% from
2017. The country's demand
is expected to exceed 50,000
tons/year by 2025, including
30,000 tons/year of largetow
carbon fibre.
Meanwhile, dynamism and
drive are not scarce among
China's carbon fibre industrial
flagships. After completing
the deployment of
Focus
Changzhou National High-tech Zone
to host 80 carbon fibre composite companies by 2025
Situated 157 km from Shanghai in southern Jiangsu province,
Changzhou National High-tech Zone was one of the earliest
industrial parks in China to deploy carbon fi bre and composite material
industrial companies. In recent years, the park introduced and
innovated around the advanced carbon material industry, forming
a development pattern of " graphene in the south and carbon fi bre
in the north " . Leading companies such as Sinofi bers and Newtry
have gradually built a carbon fi bre and composite material industry
system with integrated industrial supply chains. In 2020, 36 enterprises
with interrelated industrial supply chains in the park achieved
sales revenue of RMB 24.5 billion (€3.21 billion). Taking the carbon
fi bre and composite material industrial park as the main carrier,
Changzhou National High-tech Zone is making every effort to build a
national carbon fi bre innovation centre, accelerating the emergence
of champion, unicorn and listed companies. The park strives to have
more than 80 carbon fi bre and composite industry supply chain enterprises
in the area by 2025, with sales revenue exceeding RMB 50
billion (€6.51 billion), in order to become a leading domestic carbon
fi bre and composite industry highland.
More information:
www.jgtec.com.cn / www.sinopecgroup.com / www.baosteel.com
N°143 November - December 2021 / jec composites magazine
17

http://www.jgtec.com.cn http://www.sinopecgroup.com http://www.baosteel.com

JEC COMPOSITES MAGAZINE - Issue #143 - November/December 2021

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #143 - November/December 2021