Shandong: The proportion of advanced petrochemical capacity exceeds 40%, aiming for the approval of three major projects within the year

From the press conference held by the Shandong Provincial Government Information Office on March 20, it was learned that the proportion of advanced capacity in Shandong's petrochemical industry exceeds 40%, and efforts are being made to secure approval within the year for the 15 million ton integrated refining and petrochemical project of Dongming Petrochemical, the upstream and downstream supporting projects for PX at Dongying Port, and the PX industrial chain extension project on Yulong Island.

In recent years, Shandong has creatively planned and implemented the "top project" of industrial economy, promoting the construction of a strong province in advanced manufacturing to high standards. The industrial foundation has continued to be consolidated and strengthened. In 2024, the annual growth rate of industrial value-added above designated size increased by 8.3%, which is 2.5 percentage points higher than the national average. The revenue of industrial enterprises above designated size approached 12 trillion yuan, firmly ranking among the top tier nationwide. The proportion of high-tech industry output value reached 53.32%, and the energy consumption intensity of industrial value-added above designated size decreased by 7.4%. Industrial investment and industrial technical renovation investment increased by 14.7% and 10%, respectively.

In 2025, Shandong Province will focus on promoting key provincial industrial and technical renovation projects, continuing to implement the "thousand projects, trillion yuan" plan, aiming to add 1100 billion yuan in output value in the first quarter and about 6000 billion yuan for the whole year. Traditional industries will focus on quality improvement and renewal, accelerating equipment updates and technical upgrades, continuously optimizing the layout of major productive forces such as steel and refining, and completing the task of integrating and reducing coking capacity within the deadline. Continuously carry out the special action of "ten chains, one hundred clusters, ten thousand enterprises," promoting more than 100,000 small and medium-sized enterprises to find their place in the chain, striving to cultivate more than 1000 new specialized, refined, distinctive, and innovative enterprises, and around 300 national single-item champions and "little giant" enterprises. High-standard construction of four national manufacturing innovation centers, cultivating about 200 new provincial "one enterprise, one technology" R&D centers, releasing more than 200 R&D needs throughout the year, and implementing more than 3000 enterprise technological innovation projects. Vigorously promote the orderly peak of key industries such as petrochemicals, actively conduct energy conservation supervision and diagnosis for enterprises, and promote the continuous decline in energy consumption intensity per unit of added value of large-scale industries, aiming to cultivate 200 new provincial-level or above green factories and 15 industrial parks within the year.

Traditional industries are the strength and potential of industrial development in Shandong Province. Data shows that the proportion of advanced production capacity in key sectors such as steel and petrochemicals in Shandong exceeds 40%, and the capacity ratio of "two high" industries reaching benchmark energy efficiency levels has surpassed 35%, exceeding the 14th Five-Year Plan target by 5 percentage points.

Next, Shandong Province will continue to optimize the layout of major productive forces such as petrochemicals, following the overall strategy of "reduction, consolidation, expansion, less oil, more chemicals, and extended chain," and will implement the Lu Oil Lu Refining project of Qilu Petrochemical. It aims to secure approval within the year for the 15 million ton integrated refining and petrochemical project of Dongming Petrochemical, the upstream and downstream supporting facilities for PX at Dongying Port, and the extension of the PX industry chain on Yulong Island. It will also promote the orderly integration and transfer of local refining capacity, forming a petrochemical industry development pattern of "one base, two clusters."

Shandong Province will continue to promote equipment updates in the industrial sector, aiming for the proportion of advanced capacity in key industries to exceed 60% by 2027. It will implement 100 new provincial-level key digital industry projects, focusing on areas such as chemicals, non-ferrous metals, steel, and mining, to carry out large-scale scenario applications. Efforts will be strengthened to apply green technology innovations, with around 100 green and low-carbon technological achievements released annually. The construction of zero-carbon parks will be steadily advanced, with a focus on piloting around 15 provincial-level zero-carbon parks, actively striving for national pilot status.