Detailed Rules for the Revitalization Plan of the Petrochemical Industry

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The last edit to this post was made by jordan569 on 2013-1-6 at 22:43. Details of the petrochemical industry plan obtained exclusively by journalists from within the industry show that the overall goal is for the growth rate of the petrochemical industry to be in line with the overall development pace of the national economy, with an average annual increase in added value of around 15%; by 2011, the added value was expected to reach 1.75 trillion yuan. At the same time, 20 major projects under construction and 20 major new projects have been included in the planning. Insiders in the industry have confirmed that these contents are based on the adjustment and revitalization plan. 　　The three-year goals are set in a step-by-step manner. It can be seen from the projects given priority 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, Fujian Shishi’s 600,000-ton PTA plant, Jiangyin Hanbang in Jiangsu’s 600,000-ton PTA plant, and ##Fuling’s 600,000-ton PTA plant. 　　The petrochemical ethylene production capacity includes: 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%. . Note $ # , $ $