Business trends
In 2022, the total output value of Zhejiang Petrochemical industry will exceed 150 billion yuan
On September 23, 2020 China International Petrochemical Conference opened in Ningbo. Xingfu, vice governor of Zhejiang Province, said at the meeting that by 2022, the total output value of petrochemical industry in Zhejiang Province will reach more than 150 billion yuan.
In his speech, Xingfu, vice governor of Zhejiang Province, pointed out that petrochemical industry, as the largest industry in Zhejiang Province, reached 4555 petroleum and chemical enterprises above Designated Size in July, with revenue of 547.8 billion yuan, accounting for 13.9% of the province's industries above Designated Size, ranking fourth in China in total. By 2022, the total output value of petrochemical industry above Designated Size in the province will reach more than 150 billion yuan. It is estimated that by the end of the 14th Five Year Plan period, more than 100 million tons of refining capacity and 10 million tons of olefins and aromatics will be formed.