Wedoany.com Report-Sept. 29, On Friday, China unveiled a plan to achieve an average annual growth of over 5 percent in the added value of its petrochemical and chemical industries for the 2025–2026 period. The strategy, jointly released by the Ministry of Industry and Information Technology and other central agencies, outlines key objectives to strengthen the sector’s economic performance and sustainability.

The plan emphasizes several targets, including improving financial returns, advancing scientific and technological innovation, and reducing pollution and carbon emissions. “These include a rebound in economic returns, a marked boost in industrial, scientific and technological innovation, and measurable cuts in both pollution and carbon emissions,” the document stated, highlighting a focus on balancing growth with environmental responsibility.

To achieve these goals, the plan identifies ten priority measures across five critical areas. These include expanding high-end product supply, accelerating advancements in key products like electronic chemicals and high-end polyolefins, and fostering the development of high-quality chemical parks and industrial clusters. These efforts aim to enhance the industry’s competitiveness and support its role in meeting domestic and global demand.

The initiative reflects China’s commitment to modernizing its petrochemical and chemical sectors through innovation and efficiency. By prioritizing advanced materials and sustainable practices, the plan seeks to strengthen industrial capabilities while minimizing environmental impact. The development of specialized chemical parks is expected to streamline operations and promote regional economic growth.

This strategic roadmap positions China’s petrochemical and chemical industries for sustainable expansion, aligning with broader economic and environmental objectives. The focus on high-end products and technological breakthroughs is set to drive innovation, ensuring the sector remains a vital contributor to industrial progress.