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From January to September this year, the province's petrochemical industry completed an industrial added value of 103.34 billion yuan, an increase of 10.2% year-on-year, accounting for 28% of the province's industrial added value, ranking second in the province; achieving a sales income of 394.2 billion yuan, a year-on-year increase 31.2%. However, the province's oil refining industry showed a sharp increase in losses. The seven major refineries in the province lost 11.24 billion yuan in the first quarter, 9.97 billion yuan in the second quarter, and 14.23 billion yuan in the third quarter. Some chemical companies also suffered losses.
To this end, it was proposed to increase the adjustment of product structure in the petrochemical industry, adhere to the development direction of the integration of refining and chemical industry, focus on the development of olefins and aromatics, extend the industrial chain, and improve the resilience. At the same time, it will do a good job of the production and production of completed projects, carry out energy-saving and emission reduction in depth, and fight for potential challenges in the fourth quarter.
Petrochemical Industry in Liaoning Proactively Addresses Financial Crisis
Affected by many factors, although Liaoning Province's industrial industry increased profits by 46.93 billion yuan in the first nine months of this year, the oil refining industry incurred a large loss. Last weekend, the Liaoning Provincial Economic Commission specially held the first three quarters of the province's petrochemical industry economic analysis meeting to analyze the economic situation facing the petrochemical industry in the province and propose countermeasures.