Tianjin Petrochemical Base Construction Highlights RMB268 billion to Build 3 Sets of 10 Million-Graded Petroleum Projects and 10 Sets of One-Dillion-ton Petrochemical Projects

September 22 from the Tianjin Development and Reform Commission at the relevant meeting learned that in the next 10 years, Tianjin will invest 268 billion yuan to build 3 sets of 10 million tons of petroleum projects, 10 sets of one million tons of petrochemical projects, built three major petrochemical parks, Formed more than 6 enterprise groups with sales revenue of more than 40 billion yuan, achieving an annual profit and tax of 80 billion yuan. By then, the petrochemical industrial base in Tianjin will leap to the second place in the country. According to Zhang Dongsheng, director of the Petrochemical Office of the Tianjin Development and Reform Commission, Tianjin is an important petrochemical and chemical base in the country, with abundant natural resources such as oil, natural gas, and sea salt, as well as prominent infrastructure such as ports. In the national medium and long-term development plan for oil refining and ethylene, the country has identified Tianjin as a state-level petrochemical industrial base represented by 10 million tons of refined oil and millions of tons of ethylene. The National Petroleum Strategic Reserve Office also listed Tianjin as the third batch of crude oil strategic reserve bases in the country, building 10 million tons of crude oil strategic reserve warehouses and 8 million tons of refined oil strategic reserve banks. PetroChina, Sinopec and other domestic large-scale petrochemical groups are optimistic about Tianjin, planning and construction of large-scale oil refining, ethylene and liquefied natural gas (LNG) projects. According to the plan, from 2005 to 2015, Tianjin will build 3 sets of ten-million-ton oil projects, namely 10 million-ton crude oil strategic reserve pool and refined oil strategic reserve warehouse project, 2 sets of 10 million-ton large-scale oil refinery projects; and 10 sets of construction. The one-million-ton petrochemical project includes three million-ton-class ethylene, one-million-ton LNG, one-million-ton-grade polyvinyl chloride, one-million-ton polyethylene, and one-million-ton polypropylene. The three major petrochemical zones have been built, namely Sinopec and PetroChina, and the world-class ethylene refining and chemical integration Dagang Petrochemical and Chemical Fiber Industrial Zone has been built; CNOOC, China National Chemical Industry Group and Suihua Group have closely integrated to build the largest domestic petrochemical and salt The Lingang Petrochemical Marine Chemical Zone, which is docked by chemical industry, is based on China National Chemical Industry Group and Suihua Group to develop TEDA Fine Chemicals District with low energy consumption, high added value, and high technology content. More than 6 enterprise groups with sales revenue exceeding RMB 40 billion will also be formed. According to the person in charge of the Tianjin Development and Reform Commission, by the time the Tianjin national petrochemical base is completed, it will be ranked second in the country immediately after the Shanghai Petrochemical Base; the Asian ranking will reach the 10th; and it will rank among the world-class petrochemical bases. Ranked 22nd.

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