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Paraffin is a hydrocarbon mixture extracted from distillates of petroleum, shale oil or other bituminous mineral oil. Paraffin wax is also known as crystalline wax. It is white or yellowish translucent flake or needle like crystal in appearance. Its main component is solid alkanes, odorless and tasteless. It is mainly used to manufacture candles, higher fatty acids, higher alcohols, ointments, electrical insulation materials and other products. Its downstream applications involve medicine, cosmetics, electronics and electrical, construction and other fields. According to the report on the risk investment situation and investment and financing strategy guidance of the paraffin industry in 2022-2026 released by the Industrial Research Center, China is a large country in paraffin production and consumption. From 2014 to 2019, the output of the paraffin industry in China showed an upward trend. Affected by the COVID-19 epidemic, the output of the paraffin industry decreased in 2020. However, with the recovery of the domestic economy, the demand for paraffin was released, and the industry output rebounded. In 2021, The output of China's paraffin industry increased to 1.624 million tons, an increase of nearly 13 percentage points compared with 2020. In terms of consumption market, with the development of aerospace, microelectronics, optoelectronics and other industries, the demand for paraffin market has increased steadily. However, since 2018, due to the impact of Sino US trade war, COVID-19 and other factors, the consumption of paraffin has been in a downward trend. The increase in output and insufficient domestic demand have led to the supply exceeding demand in the paraffin Market, and the contradiction between supply and demand in the market has become increasingly prominent. Paraffin is a high energy consumption and high pollution industry. In recent years, with the increasingly strict environmental protection supervision and the acceleration of energy conversion, the backward capacity of the paraffin ind

Since the beginning of the year, Fushun Petrochemical Company has taken strengthening management and ensuring safety as the main line, and taking improving quality and efficiency as the goal, deeply promoted theme education activities and helped the high-quality development of the company. In the first half of the year, Fushun Petrochemical produced 305000 tons of paraffin, 28000 tons more than planned; The average monthly output of paraffin exceeded 50000 tons, setting a record high. Optimize production and improve yield. In combination with the characteristics of the unit, Fushun Petrochemical has taken measures such as predictive maintenance and pre operation to minimize the fluctuation of the unit, greatly improve the working efficiency of chillers and other equipment, and lay the foundation for high-load production of the unit. At the same time, Fushun Petrochemical Company, guided by safety and benefit, strengthened unit maintenance and refined production parameters and production plans. At present, the company's four ketone benzene units are "strong and strong", with strong production capacity and operation flexibility. The incoming materials are dry and the yield is greatly improved. Adjust the process and reduce the cost. Fushun Petrochemical vigorously promotes the principle of "calculation before execution" to ensure the maximization of benefits. The filtration temperature directly affects the paraffin yield. Fushun Petrochemical calculates the production cost and tries to find the best filtration temperature between high yield and low cost to achieve high yield and low energy consumption. At the same time, the raw materials are inclined to the equipment with high efficiency and low energy consumption, so as to maximize the production efficiency of the equipment. In June, the company skimmed the 150000 ton hydrogenation reactor and replaced the first bed agent, which greatly extended the service life. Only this item can save 26.82 tons of catalyst in the second and third layers of the reactor, 8.

NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- As per Future Market Insights` latest industry analysis, the paraffin wax market is expected to see a substantial CAGR of 5.7%, and is projected to increase from US$ 9.2 billion in 2021 to US$ 15.98 billion by 2032. Due to their greater water resistance compared to packaging materials, paraffin wax market share is also anticipated to increase significantly during the projection period. In an effort to promote the expansion of the paraffin wax market, makers of paraffin wax are constantly expanding their base oil facilities. The paraffin wax market share is also supported by rising shale oil production and exploration in the United States, Russia, China, and Brazil. As people become more aware of the importance of the environment, the market for paraffin wax is expected to grow, along with the demand for aromatherapy. Top international corporations use paraffin wax as a thermal insulator and for aesthetic purposes in packaging