Robotic drilling, also known as automated drilling, is an automation system that is specially developed for drilling operations in the oil & gas industry. These machines are used in land and water for oil & gas extraction works. The report on the global robotic drilling machines market presents a detailed analysis of the trends, future estimations, and thorough study of the market depending on application, installation, end-user industry, and region. The applications covered in the study include land and water. The report further provides information on installation of robotic drilling machines, which includes new installations and modernize. Moreover, the report also covers different end-user industries of robotic drilling machines, including oil and gas.

The recycled asphalt market was 7,135.2 million in 2019 and is expected to reach 10,359.5 million growing at a CAGR of 5.9% during the forecast period. Recycled asphalt processing is done by crushing the surface layer of existing asphalt site. It is used for reconstruction and resurfacing purposes. It is also used in preparing asphalt shingles for roofing. Moreover, it reduces consumption of natural resources such as water and coal. Shingles and ground tire rubber are able to be integrated into asphalt. This reduces the virgin material needed while providing incredibly useful home materials that would otherwise be in landfills. Just as reclaimed asphalt is integrated into new asphalt, so are shingles. Nearly 10 million tons of shingles are disposed each year with nearly 1.5 million tons are reused in asphalt. Shingle waste is generated from either manufacturer waste or tear offs from roofs.

我们继续推荐民营炼化龙头标的如恒力石化、荣盛石化，股价回调 后两家龙头公司估值重新出现了吸引力；重视聚酯龙头桐昆股份、恒逸石化和东 方盛虹，并关注新凤鸣（未覆盖）主营聚酯业务盈利恢复；以及关注轻烃裂解生 产商卫星石化（未覆盖）新项目投产的进度。

我们将2011 年至今化工行业资本开支分为两个阶段：第一阶段（2011-2015）：化工行业产能无序扩张，行业竞争格局恶化，行业下行周期较长；第二阶段（2016-至今）：供给侧改革使得龙头企业盈利能力增强、现金流充裕，叠加国家对民营大炼化准入放开，资本开支向龙头企业明显集聚，民营大炼化异军突起；往前看，未来3-5 年将进入化工行业资本开支新阶段——第三阶段：我们认为“碳达峰、碳中和”不影响产能向优质企业集中的趋势，未来三年龙头企业资本开支规模有望再上台阶，一批优质的公司有望加快向全球化工龙头迈进。

我们根据中国石油、中国石化2020 年度ESG 报告梳理了，两大公司在碳减排碳中和背景下的发展思路。总体目标方面，两家公司2050 年实现“近零”排放时间表是一致的。在碳中和时间表上，中国石油力争2025 年实现“碳达峰”，比中石化提出的早于国家实现碳达峰即在2030 年之前实现碳达峰的目标更为积极。

信达大炼化指数：自2017 年9 月4 日至2021 年3 月26 日，信达大炼化指数涨幅为191.84%，石油加工行业指数跌幅为-30.90%，沪深300 指数涨幅为31.01%。

1-2月我国原油需求持续复苏，同比增长 3.02% 整体来看， 1-2 月我国加工原油1.14 亿吨，同比增长15.17%；原油产量0.32 亿吨，同比增长0.25%；原油进口0.90 亿吨，同比增长4.05%；原油表观消费量1.22 亿吨，同比增长3.02%；对外依存度73.63%，处于历史高位。

3 月25 日中国海洋石油发布2020 年报并召开业绩发布会，2020年公司桶油完全成本26.3 美金/桶，同比下降11.6%，实现桶油完全成本七连降；低成本保障公司在疫情和油价暴跌的双重考验下逆势盈利，公司2020 年净利润249.6 亿元，同比下降59.1%。

全球石油公司对新能源的布局逐渐增加，石油公司所面临的越来越大的脱碳压力，是促使其向新能源转型的主要动力。除了节能减排等技术手段之外，发展新能源是一条最佳的路线。目前壳牌、美孚、道达尔等国际石油公司和中国石油、中国石化等中国石油公司加大了对氢能、光伏、风电和地热等领域的投资。