Plan for a world-class green petrochemical industry hub in Huizhou, Guangdong unveiled: target of 42 million tons of oil refining capacity, 7.6 million tons of ethylene production, and 3.1 million tons of aromatic compounds production

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In order to build a world-class green petrochemical industry base, Huizhou City in Guangdong Province has set the following development goals based on industrial plans and actual conditions, across three time periods: short-term (2019–2023), medium-term (2024–2028), and long-term (2029–2033).
(1) Goals regarding the scale of the petrochemical industry
1. Short-term planning goals (2019–2023)
The scale of the petrochemical industry is expected to reach 22 million tons per year for oil refining, 3.4 million tons per year for ethylene, and 2.5 million tons per year for aromatics. The output value of the petrochemical industry is anticipated to be around 250 billion yuan. The overall strength of the petrochemical industry zone will be among the best in China, with the framework for a world-class green petrochemical industry base already in place. 　　2. Medium-term goals (2024–2028) By 2028, the scale of the petrochemical industry is expected to reach 32 million tons per year for oil refining, 6.1 million tons per year for ethylene, and 3.1 million tons per year for aromatics. The value of the petrochemical industry is anticipated to be around 500 billion yuan, thereby establishing a world-class green petrochemical industry base. 　　3. Long-term goals (2029–2033): By 2033, the scale of the petrochemical industry is expected to reach 42 million tons per year in terms of oil refining, 7.6 million tons per year for ethylene, and 3.1 million tons per year for aromatics. The value of the petrochemical industry is anticipated to be around 600 billion yuan, with the establishment of a world-class green petrochemical industry hub. 　　(II) Development objectives for the mid- and downstream petrochemical industries Huizhou will take the second phase of CNOOC’s project as a core, and by making use of the excess petrochemical raw materials available in the industrial park, it will extend the industrial chain, enable multiple uses of products, carry out advanced processing to turn waste into valuable resources, and increase added value. In this way, the petrochemical area will develop into an integrated cluster for downstream petrochemical processing, featuring rational allocation of resources and emphasis on a variety of related product lines, thereby providing raw materials and intermediates for clusters focused on high-end chemicals and new chemical materials. 　　Based on the needs of oil refining, the supply of ethylene raw materials, and market demands, Huizhou will accelerate the development of mid- and downstream industries focused on new materials and specialty chemicals. It will give priority to the development of the ethylene, propylene, and C4 chemical chains, strengthen the aromatic compounds, PTA, and PET chains, make progress in the C5 and C9 chemical chains, promote the vertical expansion of high-end specialty products, and enhance the value chain of these industries as well as the added value of their products. It also strengthens cooperation among affiliated enterprises to promote the comprehensive and efficient recycling of by-products.