China Drying Network During the “Twelfth Five-Year Plan†period, Shanghai vigorously developed chemical projects, or hundreds of billions of large-scale projects settled in Shanghai Chemical Industry Zone, or Sinopec’s 20 million tons/year oil refining and 1 million tons/year ethylene projects. It is understood that Shanghai has recently signed a total of 21 new projects with a total investment of 67 billion yuan.
Of the latest investment of 67 billion yuan, there are a total of 11 projects invested over one billion yuan, of which Shanghai Huayi (Group) Corporation and Shanghai Electric Power Co., Ltd. have invested 11.6 billion yuan and 26 billion yuan respectively.
As of the end of September 2011, the total investment for the project introduced by the Shanghai Chemical Industry Zone totaled 17.595 billion U.S. dollars, and completed fixed asset investment was 95.932 billion yuan. In 2010, sales revenue reached more than 88.0 billion yuan.
At present, projects that have been operating in the chemical industry area include Shanghai Secco's 1 million-ton ethylene/Bayer integrated base, BASF Polytetrahydrofuran and other projects, Lucite MMA project, Evonik Degussa, 3M adhesive, and The former Group, Huayi Integrated Project, Budenheim Fine Chemicals and other large-scale petrochemical projects. Other supporting projects such as public works include sewage treatment plants, industrial gas facilities, incinerators, oil depots, industrial vessels, public galleries, cogeneration and so on.
In the 30 square kilometers of land in the Shanghai Chemical Industry Park, most of the western land has not yet been constructed, but it has been reserved. According to the reporter's visual inspection, this part of the plot accounts for about one-fifth of the total area of ​​the industrial zone, which is also the key development zone of the Shanghai Chemical Industry Park in the future.
It is understood that these reserved lands are related to Sinopec’s “20 million tons/year oil refining and 1 million tons/year ethylene†integration project that has been circulating for a long time. This giant project may become one of the core projects of the Shanghai Chemical Industry Park in the future, and the total investment will probably reach 10 billion or more.
At present, although Shanghai Chemical Industry Park has one million tons of ethylene products from Shanghai Secco, the raw materials—petroleum is still being transported from other regions. Therefore Shanghai Chemical Industry Zone cannot be called an extremely perfect “integration†base.
Once 20 million tons of oil refining and 1 million tons of ethylene projects are started, it will undoubtedly play a huge role in promoting the oil supply in the entire Yangtze River Delta region and supporting the upstream and downstream industrial chains of the chemical industry zone. At that time, the refinery base in the region will co-ordinate with Zhenhai Refinery, Nanjing Jinling Petrochemical, Yangzi Petrochemical and Shanghai Petrochemical to form a large petrochemical industrial chain in the Yangtze River Delta. Of course, assuming this integrated project enters, its investment will be gradually put in place.
In accordance with the plan of the Shanghai Chemical Industry Park, it is planned to increase investment by US$10 billion by 2015, resulting in a total investment of US$27 billion, annual sales income of 150 billion yuan, and various tax revenues of 7 billion yuan in the same year.
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