Shandong will advance 7 major high-end petrochemical projects

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Recently, the Shandong Provincial Government issued the “Outline of the 15th Five-Year Plan for National Economic and Social Development of Shandong Province” (hereinafter referred to as the “Outline”). According to the “Outline”, Shandong will advance seven key projects aimed at improving and upgrading its high-end petrochemical industry, with the goal of creating a globally influential cluster for high-end petrochemicals and new materials industries. “During the 14th Five-Year Plan period, the layout of key production capacities in Shandong Province continued to be optimized, with landmark major projects such as high-end petrochemicals and high-quality steel playing a prominent leading role. In the next five years, Shandong Province will scientifically optimize the layout of major productive forces. Adhere to development tailored to local conditions and differentiated approaches, focus on advancing major landmark and pioneering projects, and promote the clustering of key industries and enterprises in specific areas. The high-end petrochemical industry adheres to the development strategy of “reducing output, consolidating smaller facilities while expanding larger ones, decreasing oil production, increasing chemical production, and extending the industrial chain”. Efforts are being made to promote the construction of major projects in cities such as Yantai, Qingdao, Dongying, and Heze. By 2030, the capacity of million-ton-level oil refineries and the proportion of integrated refining and chemical production are expected to increase further, with the goal of establishing a globally influential cluster for high-end petrochemicals and new materials industries. The Outline proposes seven key projects for improving and upgrading the high-end petrochemical industry: accelerating the implementation of the technological transformation project for the upgrading and transformation of Qilu Petrochemical’s oil refining operations ； Thoroughly elaborate on the 15-million-ton/year integrated oil refining and petrochemical project of Dongming Petrochemical, the low-carbon restructuring and comprehensive utilization project for Fuhai aromatic feedstocks, and the project aimed at upgrading the Yulong Island aromatic industry chain to a higher quality level ； Accelerate the preliminary work for the Dongjiakou refining and chemical integration project, the second phase of the Yulong Island refining and chemical integration project, and the Guangrao refining and chemical integration project. Shandong Province adheres to the principle of establishing new systems before phasing out old ones, while providing support to certain sectors and exercising restraint in others. It implements industry-specific measures to promote the quality improvement and upgrading of key industries, steadily increases the proportion of advanced production capacity, and achieves stable industry growth along with an overall elevation of industrial capabilities. Strengthen provincial-level coordination and control at the source in key industries, enhance monitoring and early warning of production capacity, implement a production capacity replacement system, and resolutely curb the indiscriminate development of projects with high energy consumption and high emissions. Improve the evaluation systems for safety, environmental protection, energy efficiency, and quality in key industries; facilitate the orderly phasing out of outdated and inefficient production capacity; and steadily increase the proportion of production capacity in the industrial sector that meets energy efficiency benchmarks. Over the next five years, Shandong Province will concentrate its resources to develop emerging pillar industries worth trillions of yuan in areas such as high-end equipment, information technology services, new energy, and new materials. Among them, the new materials industry should accelerate innovation and breakthroughs in functional ceramics, advanced polymer materials, high-performance fibers and composite materials, as well as structure-functional integrated materials, and strengthen the research and application of cutting-edge materials such as superconducting materials, ultra-hard materials, and metamaterials. The Outline identifies a number of key projects for the development of the new materials industry: the Wanhua Penglai New Materials Low-Carbon Industrial Park, the Luxi Chemicals project aimed at extending, supplementing, and strengthening industrial chains, the Jinying Yutai Green and Low-Carbon Industrial Park, the Dongyue Future Hydrogen Energy Perfluoroprotic Membrane and Related Chemicals project, the Lianhong XDI testing facilities and specialty fine chemicals project, the Guoxiao Center Functional New Materials Industrial Park, the Guoci High-Performance Zirconia Materials and Premium Ceramic Blocks project, the Taishan Fiberglass Specialty Fiber Fabric project, the Destai Functional Membrane Integrated Industrial Base, the Yatong Green and Low-Carbon Polymer New Materials project, the Jiude Green and Low-Carbon New Materials Integrated project, the Tianju High-Performance Fiberglass Manufacturing project, the Hualu Hengsheng High-End Polyamide New Materials project, the Xuyang High-End Polyamide New Materials Integrated project, and the Yunyi New Materials Polyether Polyurethane Green Industrial Park project.