As the pilot zone of China’s East-Central-West Regional Cooperation Demonstration Zone, the Xuwei New Area of Lianyungang city has built a modern industrial park over a vast area of salt pans with development and ecology complementing each other and industry and port highly integrated.
The Xuwei New Area started construction on a 25.6-million-yuan high performance material project in June. With 16.2 million yuan to be spent in the first phase, the project is slated for operation at the end of 2021.
As one of the circular economy industrial park launched by Sinochem, the project is expected to further promote the development of the entire park and improve the industrial chain of the petrochemical base.
Fang Weidong, Technical executive of Sinochem project in Lianyungang
By integrating advantageous resources at home and abroad, we will build a petrochemical industrial chain featuring an integrated, circular, and clean petrochemical industry chain from raw materials in the upper reaches, materials in the middle reaches and application in the lower reaches.
The vigorous development of the circular economy industrial park is a typical portrayal of the growth momentum of the Xuwei New Area over the past decade.
In the past ten years, the Xuwei New Area has posed strict constraints on the introduction of enterprises by turning down various investment projects that did not meet the requirements of industrial planning and energy conservation and environmental protection access. With a total investment of more than 300 billion yuan, a group of major leading industries such as Shenghong Petrochemical has settled here, giving rise to the emergence of a world-class petrochemical industry base.
Shi Haibo, head of the Xuwei New Area Administration
We have so far signed contracts on the settlement of 27 large investment projects totaling 270 billion yuan. Upon their operation in five years, they will become the demonstration and benchmark of the country’s development of the circular economy.
In the meantime, the administration has highlighted ecological conservation over the past decade, as is evidence by the vast area of reed marshes that have remained intact.
The industrial investment intensity of industrial investment in the petrochemical industrial park has reached 6.5 million yuan per mu and even 10 million yuan in the utmost extremes, much higher than the counterparts in other areas of the country.
In the first six months of the year, the Xuwei New Area registered 9.37 billion yuan of fixed assets investment, up 76.9% year on year.
Industrial investment totaled 6.99 billion yuan, up 293.6% year on year.
The investment on technological renovation and hi-tech industries rose by 162% and 249.1%.
The circular economy industrial park is expected to report 200 billion yuan of new investment by the end of 2022 when four industrial clusters that include diversified raw material processing, new chemical materials, refined chemical materials and basic chemical materials.
Upon their operation, these industrial clusters will register more than 300 billion yuan of annual taxable sales revenue and come up with a world-class chemical industrial base.
