Development Orientation Key Projects Investment Policy Investment Carrier Investment Projects

In 2020, the output of industrial companies with annual revenue of more than RMB 20 million expanded by 10.6 percent year on year, exceeding RMB 700 billion. Petrochemical industry clusters have been established, including the Gulei Petrochemical Base, Meizhou Bay Petrochemical Base, Jiangyin New Chemical Materials Special Zone and etc., with a production capacity of 29 million tons of oil per year and 2.1 million tons of ethylene per year,and ranking first in China in terms of the production of caprolactam.

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 Promotion Projects

  • 130,000t/a Vinyl Cyanide Project in Gulei, Zhangzhou City
  • 2,000,000t/a PET Long Fiber Project in Gulei, Zhangzhou City
  • ABS Project in Quangang, Quanzhou City
  • Phenol/Acetone Joint Production Project in Quangang, Quanzhou City
  • VAE Emulsion & VAE Dry Powder Project in Quangang, Quanzhou City
  • IThe Tire Accessory Industrial Park Project in Xiuyu, Putian City
  • Phosphorus Catalyst & Phosphorous Chemical Project in Shaowu, Nanping City
  • Fluorine Chemical Industrial Base Project in Shanghang, Longyan City

    Newly construct 130,000t/a vinyl cyanide devices and the supporting public utilities and facilities. Estimated investment of RMB 1.5 billion.

    Newly construct 2,000,000t/a PET long-fiber device and accessory public utilities and facilities. Estimated investment of RMB 10 billion.

    Attract a 200,000t/a ABS project, with a covering area of 150mu. Estimated RMB 2 billion.

    A 350,000t/a phenol/acetone project will be attracted with a covering area of 150mu. Estimated investment of RMB 1.8 billion.

    A 500,000t/a VAE emulsion and 100,000t/a VAE dry powder project will be attracted, with a covering area of 300mu. Estimated investment of RMB 3 billion.

    Attract special-purpose rubber, tire test ground, auto wheel rim and other industrial chain projects with an aim to develop an industrial cluster of tire. Estimated investment of RMB 10 billion.

    Construct projects with an annual output of 10,000t phosphorous catalysts and high-end phosphorous chemicals with high-end organic fluorine. Estimated investment of RMB 360 million.

    Production enterprises of difluoromethane (R32), pentafluoroethane (R125), tetrafluoroethylene (TFE), polytetrafluoroethylene (PTFE), tetrafluoroethyl ether, tetrafluoroethyl diethylamine, difluoroethyl acetate, ethyl difluoroacetate, difluoromethyl pyrazole formic acid, pyraz-naphthylamine, lithium hexafluorophosphate and other products will be attracted. Estimated investment of RMB 530 million.