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Recently, the China Petroleum and Chemical Industry Federation issued the full text of the "Twelve Five" Development Guide for Petroleum and Chemical Industry (hereinafter referred to as the "Guide"). It is expected that the industry development target during the "12th Five-Year Plan" period will remain at an annual average growth rate. More than 10%, by 2015, the industry's total output value reached 16 trillion yuan.
The "Guide" believes that the next five years will be an important period for China's oil and chemical industry restructuring and upgrading, and it will also be a critical period for realizing substantial progress in the transformation of development methods. China's petroleum and chemical industries have entered a new transition from big industrial countries to powerful ones. stage. To this end, the "Guide" sets forth six strategic objectives: the industry maintains a steady and rapid growth; the capacity for independent innovation has been significantly enhanced; the industrial structure has been significantly optimized; energy conservation and environmental protection have leapt to a new level; the competitiveness of quality brands has improved significantly; and the level of intrinsic safety has increased substantially.
The "Guide" proposes that during the 12th Five-Year Plan period, the average annual growth rate of the industry will be maintained at over 10%; it will break through 80 to 100 major key and common technologies; the rate of fine and special chemicals will increase to over 45%, and sales revenue will exceed 1,000. There are more than 15 million enterprises; energy consumption and carbon dioxide emissions from industrial added value of ten thousand yuan are both 15% lower than those at the end of the “Eleventh Five-Year Plan†period.
Industrial Securities believes that the "Guide" proposes an average annual growth rate of more than 10%, which is slower than the industry growth during the "Eleventh Five-Year Plan" period. During the “Eleventh Five-Year Plan†period, the total industrial output value reached 8.8 trillion, and the industry-wide industrial output value increased by 21.5% annually. In addition, despite the slowdown in growth, the petrochemical industry is still in a period of rapid development.
According to the "Guide", the development speed of sub-sectors will be divided during the "12th Five-Year Plan" period. The scale of petrochemicals, new chemical materials, fine chemicals and special chemicals, new coal chemical industry, energy saving and environmental protection sub-sectors will be rapidly scaled. expand. The basic chemicals, agrochemicals and other fields will control the total volume and enhance competitiveness.
Industrial Securities also believes that energy-saving emission reduction will have a substantial impact on the industry. During the “Twelfth Five-Year Plan†period, energy-saving and emission-reduction efforts will be further increased, and energy consumption and carbon dioxide emissions will be reduced by 15%. In addition, energy conservation and environmental protection will be listed as one of the development directions of key industries, with the advantages of energy-saving and environmental protection technologies. Businesses will benefit.
The "Guide" was prepared by the China Petroleum and Chemical Industry Federation. In addition, there are six special plans for “science and technology, standardization, quality, safety, environmental protection, and education†and “Twelve Five†development plans for 17 sub-sectors including nitrogen fertilizer, phosphorus compound fertilizer, pesticide, calcium carbide, soda ash, paint, rubber, and inorganic salt. Also released in the same period.
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