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| Home > About TEDA > Key Industries Brief > Petro-Chemical | |
 Key Industries Brief |
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Petro-chemical Industry
The development of TEDA Chemical TEDA Chemical Industrial Park, founded on Oct.11th, 1996, is a newly developed area within TEDA. It bases on the potent support of a well-developed industrial city ---- Tianjin, particularly the outstanding industries as ocean chemical industry, petro-chemical industry, port transportation, machinery, and electricity. The Park attaches importance to the development of ocean chemicals, refining chemicals and other middle/high end products. The Park is located in the Tianjin New Coastal Area, the core of Bohai-Ring Economic Belt. Neighboring with TEDA Mother Zone, Tianjin Port and Tianjin Bonded Area, the Park is the most dynamic and potential place in the Area, and has attracted advanced technologies and production from multinationals. The starting phase of the Park is about 5 sq km, which has been totally occupied by industrial projects; the visible 2nd phase is to be 30 sq km, including the large open belt from the east of Ji Canal to Bohai Gulf. By the end of 2010, total industrial output value realized 38.975 billion yuan, accounting for 7.6% of total industrial output value. The Park has contracted with 185 projects. The total investment scale of the Park has reached 2510 million USD. The Park will be built into 3 manufacturing bases as: the largest Vitamin B1 manufacturing base in the world; the largest Carbon Blacks manufacturing base of China; the largest EPS manufacturing base of China. Up to now, 4 of the Top 500 enterprises have invested here. Besides, the suppliers of automobile industry, electronic & IT industry also choose the Park for their expansion. The Make-up of Petro-chemical Industry in Nangang To supply according to demand and to plan according to economic return, Nangang will accommodate over 200 petro-chemical products, ranging from the upstream, the middle-stream, to the downstream. The Upstream Based on big ethylene and refinery projects, there will be two 15-million-ton integrated refineries to yield 2.5 million tons of ethylene. A 10-million-ton strategic reserve for crude oil and finished oil products will be built. A 3-million-ton LNG terminal will also be part of the project. The Middle-stream To combine petro-chemical with marine chemical, Nangang will have over 40 projects such as the 1-million-ton PVC, PE, PP, PS, ABS, PET, PET, and plastics. The Downstream Based on petrochemical and basic organic chemicals, Nangang will have over 160 downstream deep-processing projects for PO, PPG, PU, ECH, and epoxy. Development Roadmap By 2015, petro-chemical industry in TEDA will be able to yield 200 billion yuan of industrial output value. By 2020, when Nangang is fully completed, it will yield one trillion yuan of overall output value, 350 billion yuan of industrial output value, 200 billion yuan of tax, and 200,000 job opportunities. At that time, another important economic powerhouse for the TBNA will take shape. |
Thanks to its rich reserve of petroleum, natural gases, and crude salt, Tianjin boasts solid petro-chemical capacity. It is the only Chinese city which gathers PetroChina, SinoPec, CNOOC, and SinoChem (the Big Four among China's state-owned petro-chemical firms) and a leading producer of petro-chemical products. TEDA attaches great significance to chemical industry, which maintains a 30% growth rate in the recent decade and now yields 30 billion yuan of industrial output value. TEDA is home to 185 petro-chemical firms which involve 2.5 billion dollars of investment. Fortune 500 companies such as Dow Chemicals, Mitsui, Itochu, Marubeni, Nissho Iwai, Bridgestone, Sekisui Chemical, Kumho, LG, Akzo Nobel, PPG, Cabot, Lafarge, and Eastman have successively settled down in the region and made it a production base for fine chemical products such as carbon black, PVC resin, EPS, coating, paint, and radial tire.