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.

New Materials Industry

In recent years, Fujian Province has seen a growing agglomeration effect in its new materials industry, with a gradually improving innovation system and an expanding variety of materials. The production processes and output of stainless steel materials, ternary cathode materials, tungsten wire for lighting, high-performance automotive aluminum alloy sheets, laser and nonlinear optical crystals and devices, among others, rank among the highest in China. Leading enterprises such as Tsingtuo Group, CATL, Highsun Holding Group, Xiamen Tungsten, Zijin Mining Group, and Deer Technology have been cultivated. Driven by these industry leaders, Fujian has initially formed influential specialty new materials clusters, including lithium battery materials, stainless steel materials, advanced functional textile materials, advanced chemical materials, rare earth materials, and graphene.

New Energy Industry

Fujian leverages its resource advantages to vigorously develop new and renewable energy, focusing on building a key energy base along the southeast coast and establishing a modern energy system that balances energy development with ecological conservation. By the end of 2023, clean energy accounted for 63% of the total installed capacity, meaning nearly one out of every two kilowatt-hours of electricity was generated from clean sources. Fujian ranks third in China for offshore wind power capacity, and the Fujian Three Gorges Wind Power International Industrial Park became the country’s first industrial zone to achieve carbon neutrality. Key industrial parks include: Fuqing Jiangyin Economic Development Zone, Zhangzhou Gulei Port Economic Development Zone, Quanzhou High-Tech Industrial Development Zone, SDIC Meizhou Bay Economic Development Zone, etc.