How has the Petrochemical Revitalization Plan adjusted the asphalt project? Encourage or...

　　It can be seen from the projects given priority support in the plan that products such as refining, ethylene, xylene (PX), purified terephthalic acid (PTA), fertilizers, and olefins receive direct support. 　　The 20 key construction projects that need to be given close attention include: Fujian Refining’s 700,000-ton PX plant, Huizhou’s 1 million-ton PX plant, Shanghai Petrochemical’s 600,000-ton PX plant, Urumqi in Xinjiang’s 1 million-ton PX plant, Foshan Shishi in Fujian’s 600,000-ton PTA plant, Jiangyin Hanbang in Jiangsu’s 600,000-ton PTA plant, and Fuling in Chongqing’s 600,000-ton PTA plant. 　　The oil refining and ethylene production capacities include: 12 million tons of oil refining in Huizhou, Guangdong; a expansion and upgrade of oil refining capacity of 10 million tons along with 1 million tons of ethylene production in Xin* Dushanzi; 12 million tons of oil refining capacity with 800,000 tons of ethylene production in Fujian Refining & Chemical; 12.5 million tons of oil refining capacity with 1 million tons of ethylene production in Tianjin; 10 million tons of oil refining capacity in Guangxi; 1 million tons of ethylene production in Zhenhai; 800,000 tons of ethylene production in Fushun; an expansion and upgrade of oil refining capacity of 1.2 million tons with 1.2 million tons of ethylene production in Daqing; and 500,000 tons of olefins produced from heavy oil in Shenyang. 　　The fertilizer projects include: 1.2 million tons of phosphoric ammonium fertilizer produced by Yunnan Yuntianhua, 1 million tons of potash-magnesium fertilizer produced by Qinghai CITIC Guoan, and 800,000 tons of urea produced in Korla, Xinjiang. 　　It also includes Shenhua Baotou’s 600,000-ton coal-to-olefins project. 　　In addition to the overall goal, the revitalization plan sets three-year phased goals: maintaining stable operations in 2009, with the growth rate of industrial added value exceeding 10% ； In 2010, the upgrading of oil product quality was largely completed, the goals set out in the 11th Five-Year Plan were mostly achieved, and the growth rate of industrial added value reached 15% ； By 2011, the adjustment of the industrial structure and layout was largely completed, the allocation of resources in industrial clusters was continuously improved, institutional and policy-related issues were properly resolved, and the growth rate of industrial added value reached 20%. 　　 　　Among these projects, refining and ethylene projects account for a significant proportion. In fact, domestic refineries are currently facing issues such as low operating rates and weak sales, but in the long term, a steady increase in refining capacity is of great significance for **economic development. During the nationwide oil shortage that occurred last year, the issue of insufficient refining capacity became apparent. At present, the domestic self-sufficiency rate for olefins is only 50%. To ensure domestic supply security and stimulate economic development, large-scale investments in refining and olefin projects will have a significant impact in boosting domestic demand. 　　Among the three types of chemical fertilizers—nitrogen, phosphorus, and potassium—phosphorus and potassium fertilizers are resource-based products with a high degree of import dependence, and they have consistently received policy support. There is an overcapacity in the domestic production of nitrogen fertilizers, with low industry concentration; meanwhile, CNPC’s 2.8-billion-yuan investment in a 800,000-ton urea production facility in Korla is set to become the largest single-scale production unit on land in China, and it receives support. The asphalt project was not mentioned! ! ! This post was last edited by myzfs on 2009-2-20 12:57]