Zhong Guo Hua Gong Bao·2025-10-10 02:43Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has released the "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)", which outlines clear requirements for the stable growth objectives, tasks, and support measures for the petrochemical industry in the coming two years [1][3]. Group 1: Industry Context and Challenges - The petrochemical industry plays a crucial role as a foundational and pillar industry in the national economy, with significant economic volume and high industrial relevance [2]. - The industry has faced declining profit levels for three consecutive years, with a projected profit drop of 8.8% in 2024 compared to the previous year, alongside a decrease in total import and export volume for two years [2][4]. - The industry's profit total is expected to decline from 1.16 trillion yuan in 2021 to 789.7 billion yuan in 2024, representing a decrease of over 30%, with revenue profit margins dropping from 8% to below 5% [4]. Group 2: Work Plan Objectives and Measures - The "Work Plan" emphasizes quality and efficiency, aiming for a stable recovery in economic benefits and promoting high-quality development throughout the industry [3][4]. - Key measures include enhancing high-end supply, addressing structural weaknesses, and promoting the quality upgrade of bulk products [4]. - The plan also highlights the need for scientific control over major project construction and the prevention of overcapacity risks in specific sectors [4]. Group 3: Innovation and Project Management - The plan proposes to streamline the management of pilot projects in the petrochemical sector to enhance innovation capabilities and facilitate the industrialization of research outcomes [5][6]. - It suggests simplifying approval processes for pilot projects and encourages local governments to establish clear conditions for the circulation of pilot project products [6]. Group 4: Safety and Environmental Upgrades - The plan outlines the importance of upgrading existing facilities and production systems to improve safety and environmental standards, particularly in older installations [7]. - It includes initiatives for digital and green transformations, supporting enterprises in energy-saving and pollution reduction efforts [7]. Group 5: Standardization and Regulatory Framework - The "Work Plan" stresses the need for a robust standardization framework to support the petrochemical industry's production and operational governance [8]. - It calls for the development of new standards in response to emerging industries and environmental challenges, including carbon footprint assessment and digital transformation standards [8].