Total investment: 34.08 billion! Heilongjiang to build 48 petrochemical projects worth over 100 million yuan each!

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Heilongjiang Province has formulated a plan for the development of the petrochemical industry chain for 2021, outlining a development strategy that focuses on transforming raw petroleum products into higher-value chemicals. By diversifying the sources of petrochemical raw materials, the plan aims to advance the development of basic chemical raw materials into high-end specialty chemicals and new chemical materials. It also seeks to accelerate the construction of key projects related to this transformation as well as chemical industrial parks, in order to foster the growth of a petrochemical industry cluster worth hundreds of billions of yuan. This year, Heilongjiang Province plans to newly construct or continue construction on 48 petrochemical projects worth over 100 million yuan each. The total investment will be 34.08 billion yuan, with 8.18 billion yuan scheduled for investment this year. Currently, Heilongjiang Province has established a special working group for the petrochemical industry chain. This group implements a “map-based” strategy for the development of the petrochemical industry. It has compiled a comprehensive map of the province’s petroleum and petrochemical industry chain, a spatial distribution map of the petroleum and petrochemical industries, a technical roadmap for basic chemical raw materials, a technical roadmap for the fine chemicals industry chain, as well as a “family tree” of enterprises within the petroleum and petrochemical industry chain. Ensure a clear understanding of resources and a clear direction, so as to promote a virtuous cycle and coordinated development of the industrial chain, supply chain, value chain, innovation chain, and investment promotion chain. At the same time, carry out effective organizational coordination and service guarantees. This year, in order to develop a petrochemical industry worth hundreds of billions, Heilongjiang Province is focusing on advancing the following tasks: accelerating the achievement of full production capacity and efficiency for projects that are already in operation. We will promote the implementation of key projects that have already been put into operation, such as the adjustment, transformation, and upgrading of Daqing Petrochemical’s refining structure, the Haiguo Longyou 550 Project, the comprehensive utilization of C4 hydrocarbons at Hongwei Qinghua, and the separation unit at Daqing Yixin Chemical. Production will be organized in accordance with the designed scale to achieve full production capacity and optimal efficiency as soon as possible. Accelerate the construction of key projects under the “transforming crude oil into valuable products” initiative ； Various measures are taken to promote the green, low-carbon, and rapid development of existing petrochemical enterprises in Heilongjiang Province ； Strengthen the attraction of investment projects. By adopting approaches such as going out, targeted investment promotion, and online and offline marketing, Daqing City and Anda City are encouraged to complement each other within the context of industrial and supply chains, to develop together and plan projects jointly. Accelerate the development of enterprises worth tens of billions, thereby laying the foundation for the growth of a petrochemical industry cluster worth hundreds of billions in Heilongjiang Province. Accelerate the development and growth of the four existing enterprises with annual revenues exceeding 10 billion yuan, namely Daqing Oilfield, Daqing Petrochemical, Daqing Refining & Chemical, and Harbin Petrochemical ； Encourage the two enterprises, Hai Guo Long Oil and Zhong Lan Chemical, to accelerate the progress of their ongoing projects in order to become enterprises worth 10 billion yuan as soon as possible ； Encourage Xinda Group to develop a headquarters-based economy and foster the growth of enterprises worth tens of billions ； Facilitate the accelerated growth of Anruijia and Daqing Huake – two enterprises with assets ranging from 1 to 5 billion – to become key players in Heilongjiang Province’s petrochemical industry. Improve the ecosystem of the petrochemical industry. We will focus on promoting the development of three parks—Daqing Xinghua, Linyuan, and Hongwei—as well as two zones within the Anda Development Zone: Wanbaoshan and the High-Tech Chemical New Materials Zone ； Accelerate the research and planning for the joint construction of a chemical industrial park by Heihe and Sinopec. This year, the chemical industrial parks in Daqing City and Anda City plan to undertake 27 infrastructure projects, with a total investment of 4.178 billion yuan. The planned annual investment amounts to 1.19 billion yuan.