Support Chemical Fertilizers As Well As The Petrochemical Industry International Cooperation Capacity

On August 3, 2016, the State Council issued guidance on transfer structure and promote transformation of petrochemical industries improve the efficiency, and put forward the sustained and healthy development of China's petrochemical industry's overall requirements, priorities and safeguard measures. Articulated by the State Council to support chemical fertilizers as well as the petrochemical industry "going out", international cooperation capacity.

As a follow-up to the States to promote the supply side of structural reforms, building a strong deployment and promote the sustained and healthy development of the petrochemical industry, the circular of guidance clearly brings in overcapacity, layout optimization and upgrading traditional industries, safety green development, improving the innovation system of merger and reorganization and strengthening the international cooperation capacity of seven key tasks. Requires comparative advantage into full play to traditional Chinese petrochemical industry, combining "along the way" strategy, actively promoting the methanol, fertilizers, pesticides, and other superior industries international cooperation capacity, construction of overseas industrial parks, drive chain transfer, intensive development, related equipment and engineering services "go out".