OREANDA-NEWS. July 22, 2011. “Tianjin to be in 15 years, investment of 80 billion yuan to build 200 key projects, the formation of 1 trillion yuan sales income, Nankang Industrial Zone of Tianjin to build a world-class level of national petrochemical industry base and circular economy demonstration zone. “Recently, Tianjin Petroleum and Chemical Planning Office, Tianjin Economic-Technological Development Area (South Industrial Zone), told reporters Zhang Dongsheng, deputy director of the CMC.

Development plan in accordance with the Tianjin Municipal Government, “five” during the petrochemical industry will add 400 billion yuan, added industrial output value 400 billion yuan, driving around the area and related industrial investment trillion yuan. By 2015, Tianjin Petrochemical industry output will exceed 800 billion yuan, total profit and tax exceeded 160 billion yuan.

Tianjin Petrochemical base has to take shape. Currently, there are a number of oil refining, ethylene and other large-scale petrochemical projects gathered in Tianjin. National strategic oil reserve bases in Tianjin, Sinopec LNG project, China and Russia and other Eastern petrochemical heavyweight million-ton oil refining petrochemical projects are under construction “during” the investment of 20 million, has completed a 12.5 million tons of refined oil, 100 tons of ethylene, 1.5 million tons PVC, 50 styrene, 400,000 tons ABS, 45 phenol/acetone and a number of major projects. In 2010, crude oil production reached 36 million tons, refining capacity exceeded 22 million tons of ethylene production capacity of 1.2 million tons.

Nankang Industrial Zone, Tianjin Municipal Government will be positioned as a world-class heavy and chemical industrial base, to build the petrochemical , metallurgy and equipment manufacturing as the core production base of heavy industry, heavy industry in the world compete.

Not only that, “” five-second “period, Tianjin Petrochemical industry will add 400 billion yuan in the construction of million-ton crude oil reserves and 10 million-ton oil refining, 10 sets of new chemical materials megaton project landed more than 2,000 billion investment project, and another investment of 20 million project is being actively carried out preliminary work. “Zhang Dongsheng said the major investment projects include: USD 36.6 billion investment in Russian joint venture 13 million tons a large oil refinery, invested 10 billion yuan 6.4 million tons of crude oil reserves of national legislation and in the petrochemical business library repository; USD 36 billion investment in China Datang Group “water, steam and air pollution” integrated utility Island.

In addition, to invest 40 billion yuan Bohai Chemical Group 600,000 tons of propylene propane dehydrogenation project, the USD 14 billion investment in Sinopec Group 5 million tons LNG project, and Saudi Arabia  USD 18 billion investment in joint venture 260 000 tons of non-phosgene polycarbonate and 400,000 tons of bisphenol A projects.