Revenue to exceed 230 billion yuan by 2030! Hainan aims to develop a petrochemical and new materials industry worth 100 billion yuan

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Recently, the General Office of the Hainan Provincial People’s Government issued the “Hainan Province’s 15th Five-Year Plan for the Development of High-Tech Industries”. The plan aims to ensure that by 2030, the added value generated by high-tech industries in the province accounts for approximately 20% of the GDP, with total revenue exceeding 1 trillion yuan. The plan proposes that Hainan Province develop 3 industrial clusters worth 100 billion yuan each in areas such as petrochemical new materials, 4 industrial clusters worth 50 billion yuan each in fields like deep-sea technology and energy conservation, 5 industrial clusters worth 10 billion yuan each in sectors such as clean energy and new energy vehicles, as well as several new growth areas in areas like biomanufacturing and hydrogen energy. Hainan focuses on \"extending and strengthening industrial chains as well as improving quality and upgrading\", developing the entire industrial chain that includes upstream oil and gas exploration and development, midstream petrochemical processing, and downstream new materials production. By 2030, the revenue generated by the entire industrial chain of new petrochemical materials is expected to exceed 230 billion yuan, transforming Hainan into an **energy security base serving as a major strategic service and support zone. Oil and gas exploration, development, and oil services industry: Enhance oil and gas exploration capabilities, and accelerate the research, demonstration, development, and construction of large-scale gas fields such as Baodao 21-1 and Lingshui 36-1. Ensure high-load production for \"Deep Sea No.1\" and Phase 2. In accordance with laws and regulations, support is provided for intensified oil and gas exploration in the waters surrounding Hainan. Efforts are made to advance the development of oil and gas resources in deep-water and deep-earth environments, as well as in conditions of high temperature, high pressure, and low permeability. Exploration is also carried out into the possibility of applying CCUS (carbon capture, utilization, and storage) techniques to existing gas fields in order to increase reserves and production, thereby providing raw materials for the development of the downstream oil and gas industry. Implement the Oil Service Foundation Strengthening Project and build a command center for offshore oil and gas exploration and development ； Develop the oilfield services business, establish a Chengmai oil and gas exploration and production service base, and enhance the capabilities for providing services in oil and gas development. Petrochemicals: Focus on specific segments of the industrial chain to carry out extended processing and chain supplementation. Study the integration of crude oil processing capacity and plan to advance ethylene projects. Promote the downstream development of ethylene, ethylene oxide, acrylonitrile, polycarbonate, methyl methacrylate, acrylamide, etc., and plan to develop materials such as polyolefin elastomers, polyvinyl chloride, carbon fiber, modified PC, polymethyl methacrylate, polyacrylamide, and SIS thermoplastic elastomers. Promote the downstream development of aromatics into industries producing specialty polyesters and biodegradable materials, and expand their applications in packaging fields such as beverages and mineral water. Focus on paraffin, lubricating oils, aerospace kerosene, white oil, and high-end asphalts to develop specialty oils. Natural gas and biochemicals: Promoting the efficient conversion of carbon-rich natural gas resources, and facilitating the hierarchical utilization and advanced processing of oil and gas resources. Expand the chemical industry chain for carbon-rich natural gas, optimize the production of basic chemical raw materials, improve the utilization rate of primary resources, develop the methanol industry, and plan for downstream products such as olefins, formaldehyde, acetic acid, and butanediol derived from methanol. Make large-scale use of non-food biomass to develop green products such as ethanol, aviation fuel, diesel, and fine chemicals. Scientifically plan the construction of fuel loading station facilities to meet the fuel demands of ocean-going vessels and offshore ships, and establish an international fuel loading hub. Explore the coupled production of carbon materials from carbon-rich natural gas and wind power. The plan also outlines key projects: advancing the development of the 10d/11d well areas in the Baodao 21-1 and Lingshui 17-2 gas fields, as well as carrying out oil and gas project initiatives aimed at increasing reserves and production in the Ledong 22-1 and Dongfang 1-1 gas fields. Advance the construction of petrochemical projects such as direct cracking of crude oil to produce ethylene, adaptation of crude oil for use in industrial processes, upgrading of high-end paraffin-based lubricant base oils, development of high-performance polyolefin elastomers, and production of polyacrylamide. Advance the construction of natural gas and biochemical projects such as the production of 1.2 million tons of methanol, 300,000 tons of bioenergy, and 100,000 tons of green methanol from CO2-rich natural gas. In the field of hydrogen energy, Hainan will advance the construction of projects such as the Dongfang offshore wind power-based hydrogen production and comprehensive hydrogen energy utilization demonstration project, as well as the million-ton-scale green electricity-hydrogen-ammonia-alcohol demonstration project (Phase I), and the Danzhou green hydrogen-based energy demonstration project. By 2030, Hainan’s hydrogen industry will have taken initial shape, with a supply system based on hydrogen production from renewable energy established. Past Reviews