Petrochemical industry innovation and development will be based on "reversal"

On February 24, Premier Wen Jiabao of the State Council presided over the executive meeting of the State Council to study and deploy plans for further implementing the adjustment and revitalization of key industries such as petrochemicals. The meeting proposed that petrochemical and other key industries must firmly grasp the main line of adjusting the structure and transforming the mode of development, and further intensify efforts to strive for new breakthroughs in improving the quality and efficiency of industrial development. The meeting also mentioned in particular that the construction of demonstration projects for low-carbon technologies in the petrochemical industry will be started, and the elimination of outdated production capacity will be accelerated to guide the healthy development of the industry.
In 2009, the state successively issued plans for the adjustment and revitalization of ten key industries such as automobiles, equipment manufacturing, non-ferrous metals, light industry and petrochemicals. They also introduced hundreds of policies, measures and implementation rules. Through joint efforts of all parties, the implementation of adjustment and revitalization plans for petrochemical and other key industries has achieved remarkable results, which has played an important role in responding to the financial crisis and maintaining a steady and rapid development of the national economy. Take the petrochemical industry as an example. In 2009, the economic operation of the petrochemical industry witnessed a stabilization and recovery and an overall positive development. The industrial added value of the industry achieved double-digit growth, most products showed a recoverable growth, and the industry’s profits rebounded quickly. Leading enterprises have noticeably strengthened their leading role and made positive progress in structural adjustment.
The meeting made specific arrangements for further implementing the adjustment and revitalization plans for petrochemical and other key industries. Including: optimizing industrial layout, strict market access, strengthening investment management, and making orderly transfers; compressing and grooming excess capacity, resolutely controlling the total production capacity of coke, calcium carbide and other industries, and strengthening safety, environmental protection, energy consumption, quality, and other indicators This will increase the cost of energy, resources, environment and land for enterprises and projects with backward production capacity; focus on promoting corporate mergers and reorganizations to increase industrial concentration and competitiveness of enterprises; strengthen technological transformation in key areas and important links and upgrade and optimize traditional industries. To consolidate the foundation for the development of strategic emerging industries.
The reporter learned from the China Petroleum and Chemical Industry Association on the 25th that the petrochemical industry will combine the elimination of outdated production capacity with the cultivation of strategic emerging industries this year. On the one hand, it will establish an overcapacity withdrawal mechanism and accelerate the cultivation of new chemical materials and new areas. Strategic emerging industries such as fine chemicals, new medicine and environmental protection. At the same time, through the construction of low-carbon technology demonstration projects in the petrochemical industry, promote industrial technological progress and technological innovation, and vigorously develop the circular economy and low-carbon economy, so as to achieve further adjustment and revitalization of the petrochemical industry.
From this perspective, the deployment of the State Council will bring new opportunities for the development of key industries.

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