Qinzhou Port's green petrochemical industry flourishes

The Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone has made great achievements in attracting investment in its green petrochemical industry in recent years.

The first phase industrial gas island project of Huayi Qinzhou New Chemical Materials Integrative Base was completed, becoming the first major industrial project with over 10 billion yuan ($1.57 billion) in investment to be put into operation in Guangxi during the 14th Five-Year Plan period (2021-25). The second phase of Huayi's 750,000-metric-ton propylene and chlor-alkali project also entered the equipment installation stage.

The Qinzhou Port area of the Guangxi FTZ signed agreements on nine major green petrochemical projects last year, with a total investment of 91.5 billion yuan and an estimated annual output value of 110 billion yuan.

The Qinzhou Port area of the Guangxi FTZ has an annual refining capacity of 13 million tons and a dynamic total of 25 million tons of chemicals per year. It has become the largest energy and chemical base in Southwest China. Qinzhou Petrochemical Park ranked 20th among the top 30 chemical industry parks in China in 2021.

It has settled major projects, with a total investment of more than 200 billion yuan. It also has an annual industrial output value of more than 50 billion yuan, and an annual tax revenue of more than 8 billion yuan.

The Qinzhou Port area of the Guangxi FTZ will carry out investment promotion for the entire industry chain, focusing on introducing a number of industrial chain projects spanning high-end polyolefins, degradable materials, and special resins. It will also strive to cultivate and develop fine chemicals, such as pharmaceutical intermediates, APIs, and specialty chemicals, while also bolstering its high-quality development.

The Huayi Qinzhou New Chemical Materials Integrative Base. [Photo/WeChat account: zmqqzgpq]