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On June 13, a reporter learned from the headquarters of the Tianjin Chemical Industry Development Zone that the one-million-ton ethylene project in the Binhai New Area of Tianjin is set to officially break ground on June 26 as planned. This marks the first major construction initiative launched in the area after it was designated as a national "special zone" by the central government. The start of this project signals the critical role that Tianjin’s petroleum and chemical industry will play in the new special zone, which aims for sustainable and harmonious development.
On May 26, the State Council issued its “Opinions on Promoting the Development and Opening-up of the Binhai New Area,†officially recognizing the region as a pilot area for comprehensive reform. The policy package includes financial support, land management reforms, customs supervision, and tax incentives, all aimed at promoting the scientific concept of development and achieving a balance between economic growth and environmental protection. Officials from the TEDA Chemical Industry Park Corporation stated that these policies will significantly benefit the petrochemical industry, which remains a cornerstone of the local economy.
The petrochemical sector has long been a key driver of Tianjin's industrial growth, with major enterprises and projects concentrated in the Binhai New Area. Over the past few years, it has played a decisive role in the region's economic expansion and is expected to remain a core industry during the "Eleventh Five-Year Plan" period. In the three-year development plan of the Binhai New Area, the petrochemical industry ranks as the top priority.
According to Pi Qiansheng, a member of the Standing Committee of the Tianjin Municipal Party Committee and head of the Binhai New Area Working Committee, the area will focus on several key projects starting this year. These include building a 300,000-ton crude oil terminal, a container berth, and a logistics base on Tianjin Hong Kong Island. Additionally, the area will accelerate the construction of large-scale ethylene and oil refining projects. The Dagang Petrochemical Base will help establish a full petrochemical industrial chain, covering marine chemicals, fine chemicals, new salt production, and desalination. The region also plans to expand oil extraction and chemical production, build a national oil reserve base, and develop a 10-million-ton oil refinery.
By 2010, the Binhai New Area aims to achieve an output value of 20 billion yuan from marine chemicals, increase crude oil extraction capacity to 28 million tons, and reach a total output value of 150 billion yuan from oil extraction and petrochemicals, forming a major chemical industrial cluster. Alongside these efforts, the area will also develop a petroleum steel base and a biomedical industrial base, further diversifying its economic structure.