Recently, the Shandong Provincial Department of Industry and Information Technology publicly solicited comments from the public on the “Fifteenth Five-Year Plan” Implementation Plan for the Development of High-end Chemical Industry in Shandong Province. Among them, it is proposed that by 2030, the value added of the chemical industry in the province will increase by more than 5% per year, and the economic benefits of high-end chemicals will account for about 65% of the chemical industry in the province. The energy insurance and supply system and raw material guarantee structure in the basic chemical sector have been further optimized, and the competitiveness of products in the field of new chemical materials and fine chemicals has improved markedly. It is proposed to implement three major actions: strengthening the foundation of the basic chemical industry, cultivating and expanding the new chemical materials industry, and innovating and improving the quality of the fine chemicals industry, and clarifying the development direction of 16 segments, including petrochemical, coal chemical, and salinization.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.