Tianjin Vice Mayor Cui Jindu disclosed at the Asia Petrochemical Technology Conference held on May 17 that in 2010, Tianjin’s crude oil production exceeded 36 million tons, refining capacity reached 22 million tons, and ethylene production reached 1.2 million tons. The petrochemical industry has formed a complete The industrial chain has an output value of more than 400 billion yuan.

Cui Jindu said that during the “11th Five-Year Plan” period, Tianjin’s GDP grew at an average annual rate of 16%, ranking first in the country. Tianjin is the birthplace of China’s modern chemical industry and the only city with a centralized central government of the four major petrochemical enterprises. Now it has formed oil and natural gas extraction, crude oil processing, and organic chemical raw materials, synthetic resins, synthetic fibers, and downstream deep processing products. The complete industrial system has become an important petrochemical industrial base in China. During the “Twelfth Five-Year Plan” period, Tianjin will rely on the Nangang Industrial Zone, the main bearing area for the development of the petrochemical industry, in an effort to transform the mode of economic development, optimize the product mix, and promote the coordinated development of the petrochemical industry and the fine chemical industry.

It is understood that the Nangang Industrial Zone developed and constructed in 2009 has been positioned as the world's heavy chemical industry base and the northern China's petrochemical product hub. At present, the Nangang Industrial Zone has signed 29 project investment agreements with a total investment of 58.66 billion yuan. Among them, Sino-Russian 13 million tons/year oil refinery, Sinopec Tianjin crude oil reserve base and other leading projects have laid a foundation; China National Petroleum Million cubic meter crude oil reserve warehouse has been put into operation. In the next 10 years, the Nangang Industrial Zone will focus on the development of petroleum refining, basic chemical raw materials, synthetic materials, engineering plastics, new chemical materials and fine chemicals. By the end of the “Thirteenth Five-Year Plan”, the total investment will reach 800 billion yuan. The annual output value will exceed 1 trillion yuan.

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