Experts and scholars gather in Shandong to explore new pathways for high-quality development in the petrochemical industry.
Release date:
2019-11-01
China News Service, Linzi, Shandong, August 17 (Sun Hongyuan) — More than 300 participants, including representatives from the petrochemical industry, Fortune Global 500 companies, and university experts and scholars, gathered on August 17 at Qilu Chemical Industrial Park, China's third specialized chemical park, to discuss national industrial policies and trends in the petrochemical sector. The gathering aimed to identify development pathways for traditional chemical enterprises seeking transformation and upgrading, while exploring strategies for high-quality growth in the petrochemical industry.
The special meeting on high-quality development of the chemical industry in Linzi District was held on the 17th in Linzi District, Zibo, Shandong Province. At the meeting, Fu Xiangsheng, Vice President of the China Petroleum and Chemical Industry Federation, stated that China's petrochemical industry has achieved significant progress in phasing out outdated production capacity, promoting structural adjustments, fostering innovation, and advancing green development. However, the industry still faces challenges such as intensifying market competition driven by rapid capacity expansion, as well as notable gaps between China's industry quality and efficiency compared to those of developed countries.
According to Fu Xiangsheng, in the first half of 2019, China's petrochemical industry saw positive growth in operating revenue, as well as in the production, consumption, and imports of its key products. However, the industry's overall profitability declined, dropping by 18.3% year-on-year. Specifically, the refining sector experienced a profit decline of 62.4%, while the chemical industry saw a drop of 13.1%.
Fu Xiangsheng suggested that each petrochemical enterprise should reflect on whether it has already achieved high-quality development, clearly define its position within the industry, identify its current key contradictions and weaknesses, set clear development goals, and formulate corporate and industry-wide growth strategies to drive the sector toward sustainable, high-quality advancement.
"China's petrochemical industry is witnessing trends such as production capacity concentration, innovation-driven development, and industrial park-based growth," said Yang Ting, Deputy Director of the China National Center for Economic and Technological Development in the Chemical Industry and Secretary-General of the Chemical Industry Park Working Committee under the China Petroleum and Chemical Industry Federation. He added that the "six integrated approaches"—covering raw material and product projects, public utilities and logistics, environmental protection and ecological sustainability, safety, fire prevention, and emergency response, as well as smart data integration and innovative management services—are now the guiding principles and standards for the construction and management of China's chemical industrial parks.
Wang Sanming, Chairman of Anyuan Technology, believes that to achieve high-quality development, chemical enterprises should also strengthen safety management and risk prevention, paying close attention to issues such as risk security, dynamic safety, technological defense, and systemic safety. They should implement standardized safety management practices, conduct thorough hazard identification and remediation, enhance emergency and incident management capabilities, enforce rigorous work permit systems, and regularly perform compliance health checks—steps that will gradually help companies build a "safety brain" tailored specifically for the chemical industry.
“Industry is the backbone of Linzi’s economy, and chemicals are the lifeblood of Linzi’s industrial sector,” said Song Zhenbo, Secretary of the Linzi District Committee. He added that Linzi is currently at a critical juncture—transitioning toward transformation and development, navigating steep challenges, and striving to overcome obstacles like rolling stones uphill. At the same time, the industry faces pressing issues such as its fragmented, small-scale, low-efficiency, and polluting nature, which urgently demand breakthroughs. Additionally, constraints like environmental protection and land availability are hindering growth, while bottlenecks in areas such as talent shortages and insufficient innovation-driven momentum must be swiftly addressed.
It is reported that in recent years, Linzi, Shandong, has cultivated and established six major industrial clusters: petroleum refining and fine chemicals, high-performance polymer materials, equipment manufacturing, high-grade paper, biopharmaceuticals, and rare-earth new materials. The region's industrial economy has reached nearly 300 billion RMB in total. Focusing particularly on the fields of petroleum refining and fine chemicals, Linzi leverages the strategic advantage of having Qilu Petrochemical Company headquartered within its borders. To this end, the Qilu Chemical Industrial Zone was established, and the city continues to optimize its industrial layout, accelerate产业升级, and steadily emerge as a key petrochemical base in China.
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