Unit:
Administrative Committee of Fuzhou Jiangyin Port City Economic Zone
Project Area:
Fuzhou Chemical New Materials Area of Fuzhou Jiangyin Port City Economic Zone
Industry:
Petrochemical Industry
Type of Project:
New Project
Cooperation Mode:
Collaborate
Nature of Project:
Encourage
Working Progress in Prior Period:
none
Total Investment:
discussed in detai
Expected to Attract Investment:
discussed in detai
Benefit Analysis:
none
Reason and Condition:
none
Content and Scale:
1. Chemical New Materials Industry: It plans to introduce and develop industries in the fields of high-end polyurethane, isocyanate, iron-titanium pigments, nylon new materials, and deep processing of light hydrocarbons. 2. Downstream Industries of Chemical New Materials: It plans to introduce industries in the fields of high-end material products derived from the extended development of chemical new materials, including high-end polyurethane products, modified materials and composites, specialty fibers, and functional membrane materials.
Others:
none
Industry

Petrochemical Industry

In 2024, the industrial added value of petrochemical enterprises above the designated size in Fujian Province grew by 7.5% year-on-year. Our province has 1,114 petrochemical enterprises above the designated size, generating a total revenue of RMB 538.04 billion. Fujian has now emerged as a major petrochemical hub in China. It boasts an annual production capacity of 45 million tons of oil refining, 5.9 million tons of ethylene, 5.4 million tons of paraxylene (PX), and 7 million tons of purified terephthalic acid (PTA). It leads the world in caprolactam production capacity, while its output of nylon and lithium hexafluorophosphate ranks among the highest globally and domestically. And it holds the fourth-largest ethylene production capacity in China.