Accelerating construction of Qinzhou Petrochemical Industrial Park

This year, Guangxi continues to accelerate the pace of major project construction. It plans to promote 7,929 major projects and to invest 748.7 billion yuan in the annual plan.

Qinzhou Petrochemical Industrial Park is one of the projects. Relying on the park, Qinzhou is building a unique, diversified petrochemical industry system that combines “Oil, Coal, and Gas”. With regard to oil, 10 million-ton oil refinery has been put into production, and the comprehensive utilization project of the condensate oil of the Sinopec Group that supplies the investment of oil industrial chain with approximately 36 billion yuan is progressing. The first-phase industrial gas project of the Huayi Qinzhou Chemical New Material Integration Base with a total investment of approximately 22.8 billion yuan is under construction. This project, which focuses on the production of new chemical-based materials such as ethylene-vinyl acetate copolymers and acrylics, will drive the development of multiple industries in the periphery.