Petrochemical industry faces deep adjustment

On September 16, the State Council publicized the "Guiding Opinions of the State Council on Further Promoting Reform and Opening-up and Economic and Social Development in the Yangtze River Delta Region." According to the Opinions, the Yangtze River Delta Region will deepen the adjustment of industrial structure on the basis of maintaining the advantages of traditional pillar industries such as petrochemicals, emphasize resource conservation and environmental protection, optimize the industrial structure, vigorously develop the service industry, and promote the transformation of economic development methods.

The Yangtze River Delta region is the region with the most comprehensive strength in China, and it is also the region with the strongest oil and chemical industry in China.

After years of development, the Yangtze River Delta has gathered a group of large-scale petrochemical projects with 10 million tons of oil refining and one million tons of ethylene. These large-scale petrochemical projects have created a cluster effect, which makes the region's petrochemical downstream industries very developed, and has formed various chemical industries parks with unique characteristics and high degree of industrial correlation, Ningbo Chemical Industry Park and chemical parks along the Yangtze River in Jiangsu. In addition, Yuyao, Zhejiang Province has formed China's largest distribution center for plastic raw materials. It is also an important production base for China's plastic molds, household appliances supporting plastics, cables and other products, and Ningbo has the world's largest production base for injection molding machines. At present, the Yangtze River Delta has formed the most complete domestic petrochemical industry chain and has formed a large-scale petrochemical consumer market.

However, the negative impact of the highly developed petrochemical industry also followed. The first is the problem of energy supply shortages. The oil, natural gas, and coal resources in the Yangtze River Delta region are poor and rely mainly on energy transportation to solve the demand. Chemical companies are suffering from power shortages and restrictions. The Opinions stressed that the Yangtze River Delta regional energy security system will be built, oil and gas infrastructure construction will be accelerated, oil and LNG terminals will be jointly promoted, oil and gas transmission pipeline networks will be improved, oil and gas strategic reserves will be strengthened, and regional oil distribution hubs and transactions will be accelerated. Center, research and establishment of regional gas trading center. In addition, energy saving and consumption reduction will also be vigorously promoted, and projects that involve new capacity, such as new construction, reconstruction, and expansion, will be the first to adopt the internationally advanced standards of energy consumption, material consumption, and water consumption.

This is followed by the environmental problems brought about by the highly developed petrochemical industry. The "Opinions" specifically pointed out that we must strengthen the joint construction, common protection and joint governance of the regional ecological environment and implement more stringent environmental protection standards.

Secondly, the “Opinions” proposed that we should accelerate the formation of core key technologies and increase the scale of the industry on the basis of further strengthening and strengthening the pillar industries such as petrochemicals, and build the Yangtze River Delta region into an important international gateway in the Asia-Pacific region and a globally important one. Advanced manufacturing base, a world-class city group with strong international competitiveness.

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