Economy

Seven departments issue documents to promote stable growth in the petrochemical industry

2025-09-28   

On September 25th, the Ministry of Industry and Information Technology announced that seven departments, including the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Emergency Management, the People's Bank of China, the State Administration for Market Regulation, the State Administration for Financial Regulation, and the Federation of Supply and Marketing Cooperatives, have jointly released the "Work Plan for Stabilizing Growth in the Petrochemical Industry (2025-2026)" (hereinafter referred to as the "Work Plan"). The Work Plan proposes that from 2025 to 2026, the added value of the petrochemical and chemical industry will grow at an average annual rate of over 5%, economic benefits will stabilize and rebound, industrial technological innovation capabilities will be significantly enhanced, refined extension, digital empowerment, and intrinsic safety levels will continue to improve, pollution reduction and carbon reduction will be significantly coordinated and enhanced, and chemical parks will move from standardized construction to high-quality development. Focusing on the new situation and challenges faced by the development of the petrochemical industry, the Work Plan deploys ten key tasks around five aspects: strong innovation, improving efficiency, expanding demand, optimizing carriers, and promoting cooperation. Among them, it is mentioned to organize supply and demand docking activities for petrochemical and chemical products, tap into the consumption potential of traditional fields such as construction, automobiles, and ships, and cultivate emerging application scenarios such as new energy, low altitude economy, and humanoid robots. Promote chemical industrial parks to focus on strengthening and extending the leading industries, strengthen innovation cooperation and industrial linkage with national level economic development zones, high-tech zones, etc., and drive regional economic growth. Cultivate and strengthen advanced manufacturing clusters, characteristic industrial clusters of small and medium-sized enterprises, and leading enterprises. Implement stable foreign trade policies and measures effectively. Steadily promote joint ventures and cooperation in the development and utilization of overseas oil, gas, potassium and other resources, and actively explore emerging markets. Strengthen the service guarantee for foreign investment projects, enhance exchanges and cooperation in fields such as fine chemicals, green low-carbon, and artificial intelligence. (New Society)

Edit:Wang Shu Ying Responsible editor:Li Jie

Source:Securities Daily Report

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