Modern Chemical Industry

Development Orientation
Key Investment Areas
Investment Policy
Investment Carrier
Investment Projects

In 2025, Fujian Province had 1,123 above-designated-size petrochemical enterprises. The cumulative year-on-year growth in industrial value-added was 8.6%, and the petrochemical industry achieved an operating revenue of RMB 498.68 billion. The province's petrochemical sector adheres to a development path of "less oil, more chemicals," continuously extending the industrial chain towards chemical new materials and high-end fine chemicals. Several relatively complete industrial chains have been formed. The industry is primarily distributed in the Meizhou Bay Petrochemical Base (including Quangang Petrochemical Industrial Park, Quanhui Petrochemical Industrial Park, and Shimenao Chemical New Materials Industrial Park) in cities like Quanzhou, Zhangzhou, Fuzhou, and Putian; the Zhangzhou Gulei Petrochemical Base; the Fuzhou Jiangyin Chemical New Materials Zone (collectively referred to as "two bases, one zone"); and the Lianjiang Kemeng Chemical New Materials Industrial Park. The focus is on the layout of integrated refining and chemical projects and mid-to-downstream petrochemical chain projects. 9 enterprises, including Sinochem Quanzhou, Fujian Refining & Petrochemical Company, Fuhaichuang, Shenyuan New Materials, Gulei Petrochemical, Baihong Petrochemical, SanShu Paint, Wanhua Chemical (Fujian), and Zhongjing Petrochemical, have industrial output exceeding RMB 10 billion.

Development Orientation

Advancing integrated and refined development, Fujian will focus on setting up two bases and one special zone (the Gulei Petrochemical Base, Meizhou Bay Petrochemical Base, and Jiangyin New Chemical Materials Special Zone). It will increase refining capacity, enhance the supplies of olefins, aromatic hydrocarbons and other raw materials, promote deep processing of petrochemical products, and develop plastics, rubber, and specialty chemicals. By 2025, the volume of the province’s petrochemical industry will reach RMB 1 trillion.

Basic Chemical Raw Materials
Deep-processed Petrochemical Products
Plastics and Rubber
Specialty Chemicals

Key Investment Areas

Basic Chemical Raw Material Manufacturing
Synthetic Materials Manufacturing
Fine Chemical Industry
Plastic Products Industry
Chemical Fiber Manufacturing

Leverage Fujian’s coastal location to secure overseas light hydrocarbon resources. Develop ethylene production from imported light hydrocarbon cracking and propylene production from propane dehydrogenation. Promote diversification of raw materials and expand existing sources of olefin raw materials.

Leverage the province’s unique strengths in machinery, electronics, chemical fiber, and plastic processing industries. Accelerate the development of high-performance polyolefins, high-performance fluorine materials, special engineering plastics, specialty synthetic rubber, high-performance fibers, and functional film materials.

Prioritize projects based on electronic-grade special gases, wet chemicals, lithium battery additives, and other high-value-added fine chemicals.

Expand into high-end automotive plastics, packaging materials, agricultural pipes, and medical materials. Strengthen the design and production of plastic machinery and molds. Increase recycling efforts and waste plastic processing while developing biodegradable plastics.

Focus on developing foundational fibers, key strategic fibers, and cutting-edge fiber preparation and application technologies. Accelerate the development of advanced functional, highly-simulation, and bio-based foundational fibers; key strategic fibers such as high-performance T1000 and M55 carbon fibers and para-aramid fibers; as well as cutting-edge fibers including nanofibers, smart fibers, and fibers for biomedical use. Increase the proportion of differentiated, functional, and high-value-added products.

Investment Carrier