High-end chemical sector

Time:01-14-2021 09:50

Industry scale

Shandong is one of the three major petrochemical industry agglomeration areas in the world, with the refining capacity reaching 210 million tons. Under the background of safety, environmental protection and economic transformation, Shandong has rationalized enterprises in recent years, and the safety production situation and main economic indicators of chemical engineering industry have improved markedly. The large-scale chemical production enterprises across the province achieved a main business income of 2.85 trillion yuan and profit of 164.77 billion yuan, with an increase of 13.9% and 21.1%, respectively on year-on-year basis.

Enterprise development

In 2017, among the top 100 petroleum and chemical enterprises in Shandong, Shandong Dongming Petrochemical Group, Wanda Holdings, Lihuayi, Shandong Chambroad Holding Co., Ltd. and Haike Chemical Industry rank the top five in terms of incomes. Wanhua Group, ranking the eighth place, is the only enterprise which owns independent intellectual property rights of a series of  isocyanate products across China, and the capacity and market occupancy of its leading product MDI both rank first in the world.

Development objectives

With the base-oriented, chain-like and intelligent development as the direction, to insist on innovative, safe, eco-friendly and effective linkage development, accelerate the optimization of industry layout and product structure, and build a province strong in high-end chemical sector. By 2022, the value added in high-end chemical sector aims to reach 510 billion yuan, accounting for 5.1% of the gross regional production.

Investment opportunities

Exerting more efforts in chemical industry technology innovation, optimization and integration, strengthening the construction of the environmental protection infrastructure of industrial parks, carrying out circulating transformation, achieving near zero emission, promoting the green, large-scale and intensive development, and improving the collaborative innovation ability of the whole industry chain in both upstream and downstream.

Encouraging chemical industry enterprises to get into the industrial parks for faster agglomeration development, and supporting the establishment of special customs supervision areas in the eligible key petrochemical industry parks.

Optimizing the development of new coal chemical industry and fine salt chemical industry, and promoting the transformation of traditional chemical industry.

Industrial Layout

High-end petrochemical industry bases: Wanhua Chemical Phase I one million tons/year light dydrocarbon pyrolysis ethylene, high value-added extension of Wanhua Chemical polyurethane industry, ethane cracking of Nanshan Group, and other key projects

New coal chemical industry bases: Lunan High-tech Chemical Industrial Park, Zibo Qilu Chemical Industry Park, Shandong Yangmeihengtong Chemical Industrial Park, Jining New Material Industrial Park, Heze Coal Chemical Industry Park, etc.

New salt chemical industry bases: Weifang, Yantai, Dongying, Binzhou, Heze, Liaocheng, Dezhou, Qinan and other chemical parks