Core Viewpoint - The "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)" aims for an average annual growth of over 5% in the industry's added value, addressing current challenges such as intensified competition, insufficient supply of high-end chemicals, and slowing domestic demand [1] Group 1: Industry Growth and Challenges - The petrochemical industry is a crucial pillar of the national economy, with significant economic volume and high industrial correlation [1] - Current challenges include intensified competition in basic organic raw materials, insufficient supply of high-end fine chemicals, slowing domestic demand growth, and increased external uncertainties [1] Group 2: Digital Transformation and Innovation - The industry is focusing on digital transformation, green development, and technological innovation to enhance production efficiency and supply chain resilience [2][3] - Longqing Petrochemical has established a fully covered 5G smart refinery and is developing advanced models for production optimization and energy consumption adjustment [3] Group 3: Supply Chain and Product Development - The plan emphasizes enhancing high-end supply, focusing on key industries such as integrated circuits, new energy, and medical equipment [4] - There is a need to increase the effective supply of fine chemicals and develop specialized, high-value-added products [5] Group 4: Market Expansion and New Opportunities - Emerging fields like humanoid robots and new energy are driving demand for high-performance chemical materials, creating new growth points for the industry [6][7] - The lithium battery separator market is experiencing significant growth, with a reported sixfold increase in sales in the first eight months of the year [7]

Core Viewpoint - The Ministry of Industry and Information Technology and six other departments have jointly issued the "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)", aiming for an average annual growth of over 5% in the industry's added value from 2025 to 2026, amidst challenges such as intensified competition and insufficient supply of high-end fine chemicals [1] Industry Growth and Challenges - The petrochemical industry is a crucial pillar of the national economy, with an added value accounting for 14.9% of industrial output in 2024, growing at 6.6%, which is 0.8 percentage points higher than the industrial average [2] - Current challenges include intensified competition in basic organic raw materials, insufficient supply of high-end fine chemicals, slowing domestic demand growth, and increased external uncertainties [1][2] Digital Transformation and Innovation - The industry is focusing on digital transformation, green development, and technological innovation to enhance production efficiency and supply chain resilience [2][3] - Longqing Petrochemical has established a fully covered 5G smart refinery and is developing advanced models for production optimization, achieving over 85% accuracy in end-to-end processes [3] High-End Supply Enhancement - The plan emphasizes enhancing high-end supply, particularly in key industries such as integrated circuits, new energy, and medical equipment, while addressing the supply of fine chemicals [4][5] - The industry aims to improve the production of high-value-added products and expand into high-end markets, with a focus on specialized and innovative product systems [5] Market Expansion and New Opportunities - Emerging fields such as humanoid robots and new energy are driving demand for high-performance chemical materials, presenting new growth opportunities for the petrochemical industry [6][7] - The lithium battery separator market is experiencing significant growth, with a reported sixfold increase in sales volume in the first eight months of the year [7]

Core Viewpoint - The "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)" aims for an average annual growth of over 5% in the industry's added value, addressing current challenges such as intensified competition and insufficient supply of high-end fine chemicals [1][2]. Industry Overview - The petrochemical industry is a crucial pillar of the national economy, contributing 14.9% to industrial added value in 2024, with a growth rate of 6.6%, surpassing the industrial average by 0.8 percentage points [2]. - The industry faces challenges including increased competition in basic organic raw materials, insufficient supply of high-end fine chemicals, slowing domestic demand, and rising external uncertainties [1][2]. Digital Transformation - The industry is focusing on digital transformation and smart development as key components for high-quality growth, emphasizing the need to improve investment efficiency and accelerate high-end, green, digital, and safe transformations [2][3]. - Longqing Petrochemical has established a fully covered 5G smart refinery and is developing multi-dimensional models to enhance production operations and energy optimization, achieving over 85% accuracy in end-to-end operations [3]. Supply Chain and Product Development - The plan emphasizes enhancing high-end supply, targeting key industries such as integrated circuits, new energy, and medical equipment, and supporting the development of critical products in electronic chemicals and high-performance materials [4][5]. - The industry is encouraged to optimize product structures and enhance the supply of high-value-added products, with a focus on precision and specialty chemicals [5][6]. Market Expansion - New emerging fields, such as humanoid robots and new energy vehicles, present significant demand for high-performance chemical materials, which can foster new economic growth points for the petrochemical industry [6][7]. - The lithium battery separator market is experiencing rapid growth, with a reported sixfold increase in sales volume in the first eight months of the year, driven by the demand for high-performance materials [7].