According to Tianjin Bohai Chemical Industrial (Group) Corp., Tianjin will take a decade and invest 63 billion yuan to construct the 10-km2 Bohai Chemical Industrial Park so as to form a industrial cluster of large projects such as the relocation project of Tianjin Soda Plant, the related projects for the big ethylene project of Sinopec, the oil and ethylene refining project and its downstream product project. Tianjin will take the lead in establishing an important industrial park highlighted by the integration of marine chemical, petrochemical and coal chemical sectors.

It is learned that after its completion the park will annually have a sales income of 100 billion yuan, pretax profits of 15 billion yuan, and industrial value added of 19 billion yuan.