21 projects in the Shanghai Chemical Industry Zone were signed collectively—including Huayi PDH

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This post was last edited by jordan569 on 2013-1-6 at 21:40. According to Sinochem News, as of October 21 this year, the development and construction of the Shanghai Chemical Industry Zone have spanned 15 years. On that day, a ceremony was held to mark the 15th anniversary of the development and construction of the Shanghai Chemical Industry Park, as well as to sign contracts for projects under the theme of \"Innovation-Driven Transformation and Development\". A total of 21 projects with an investment amount of 67 billion yuan were signed during this event. This marks a new journey for the Shanghai Chemical Industry Zone in terms of structural adjustment and sustainable development over the next 5 years. 　　Starting this year, the Shanghai Chemical Industry Zone is driven by innovation and transformation to build a \"1+4\" industrial framework. With integrated refining and chemical processing projects as the core, it aims to develop four industrial chains for ethylene, propylene, butenes, and aromatics. These chains cover three categories of new materials: synthetic resins, synthetic rubbers, and synthetic fibers, as well as important chemical intermediates and high-end fine chemicals. Among the 21 projects signed this time, those focused on new chemical materials and clean energy account for 11 projects, with an investment amount exceeding 1 billion yuan each. This includes an investment of 11.6 billion yuan by Shanghai Huayi (Group) Company to develop a range of projects including acrylic acid production, propylene production via propane dehydrogenation, and ABS production ； Bayer MaterialScience’s projects for the expansion of polycarbonate production, MDI production, and HDI production ； Takahashi Petrochemical’s phenol propylene and EPDM rubber projects ； The carbon fiber project of Shanghai Hongte Chemical (Group) Company, as well as related projects of companies such as BASF, Evonik Degussa, Invista, Sinopec Shijiazhuang Petrochemical Co., Ltd., and Hanhigh. 　　In addition, Sinopec’s Takahashi Petrochemical subsidiary will implement improvement and adjustment plans in the chemical industry zone, with a focus on developing integrated refining and petrochemical projects. Over the next 5 years, investment in the chemical industry zone is expected to exceed 120 billion yuan, becoming a new driver for the development of Shanghai’s industrial economy. 　　It is understood that through arduous efforts during the Ninth Five-Year Plan period, comprehensive development during the Tenth Five-Year Plan period, and operation commencement during the Eleventh Five-Year Plan period, by September of this year, the Shanghai Chemical Industry Zone had attracted a total investment of 17.595 billion US dollars in projects, with fixed asset investments amounting to 95.932 billion yuan ； 42 foreign-funded enterprises were introduced, including 11 from the Fortune Global 500. In 2010, the region’s sales revenue exceeded 87 billion yuan, of which the output value of new materials was as high as 23.48 billion yuan. At present, the Shanghai Chemical Industry Zone has become the most open and highly globalized chemical industry zone in China, serving as a national demonstration base for the production of new chemical materials and fine chemicals. 　　This year, the Management Committee of the Shanghai Chemical Industry Zone has set new goals: to strive for rapid development in terms of the economic scale, speed, quality, and efficiency of the chemical industry zone, with the aim of achieving an industrial output value of 150 billion yuan by the end of the 12th Five-Year Plan period ； By 2020, the goal is to establish a 60-square-kilometer chemical industry zone on the north shore of Hangzhou Bay, achieving a refining capacity of 35 million tons, an ethylene production capacity of 3.5 million tons, and an overall industrial output value of 250 billion yuan. This will result in the creation of a world-class petrochemical base with international competitiveness, as well as a model site for circular economy practices. 　On October 21, Li Yongwu, President of the China Petroleum and Chemical Industry Federation, and Ai Baojun, Vice Mayor of Shanghai, attended the signing ceremony for the “Innovation-Driven, Transformative Development” project in the Shanghai Chemical Industry Zone and delivered speeches. Li Yongwu pointed out that over the past 15 years, the Shanghai Chemical Industry Zone has achieved remarkable results, serving as a model and pioneer in the development of chemical industry zones across the country. He hopes that this zone will continue to explore a development path for chemical industry zones tailored to China’s conditions, thereby playing a positive leading and exemplary role in the healthy development of such zones in our country. The image on the left shows the signing ceremony. . Note # ) # # , .