The Petrochemical Industry Revitalization Plan was reviewed by the National Development and Reform Commission

The reporter learned from the Internal Affairs Division of the National Development and Reform Commission on February 10 that, in addition to the revitalization plans for the steel, automobile, textile, and equipment industries that have already been released, the revitalization plans for the nonferrous metals and petrochemical industries have also passed the deliberation at the NDRC level. , with the conditions submitted to the State Council for approval.

The experts involved in the drafting of the planning for the revitalization of the non-ferrous metals industry stated that the finalization of the revitalization plan reviewed by the National Development and Reform Commission and the previously drafted opinions were not largely inconsistent with the general framework and direction. It was only because the non-ferrous metals industry was involved in a large number of commodity categories. As the textile industry directly discloses the extent of changes in export tax rebates, the final plan finalization will emphasize the industrial policy support for the deep processing industry.

Refining, ethylene, coal gasification, engineering plastics, fertilizers, etc. are the focus of the revitalization plan for the petrochemical industry. Among them, refining and ethylene are the transformation of existing projects and the acceleration of already-started projects. In terms of fertilizers, due to the existing abundant domestic production capacity, the focus will be on adjusting the industrial structure and upgrading. A number of people in the industry who participated in the revitalization plan had previously told a China Securities Journal reporter that the petrochemical planning was relatively crude, and in implementation, it may also hear suggestions for amendments proposed by various industrial departments and sub-sectors. It is understood that the petrochemical industry association will probably hold a discussion meeting on the details of the revitalization plan.

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