The depression of the " Petroleum Industry Adjustment and Revitalization Plan" and "Light Industry Adjustment and Revitalization Plan" were announced yesterday. The plan proposes to expand fertilizer and refined oil reserves, stabilize market prices, and adopt capital injection and financing credits to support petrochemical central enterprises to implement mergers and acquisitions. By 2011, the reorganization of light industry enterprises will make progress, and then form 10 large-scale light industrial enterprise groups with annual sales income of more than 15 billion yuan.
The adjustment and revitalization plan for the petrochemical industry proposes to perfect the commercial reserve system for off-season chemical fertilizers at the central and local levels, and to support the reserve enterprises of fertilizers to reserve ammonium phosphate and urea. Pay close attention to establishing a national fertilizer reserve. The plan is clear and it is necessary to seize the current favorable opportunity to increase the national reserves of refined oil products. With reference to crude oil commercial reserve practices, we will study and formulate measures and systems for the commercial reserve of refined oil as soon as possible. At the same time, we will improve the policy for refined oil prices, combine the reform of the excise tax system, actively create conditions, and accelerate the establishment of a system for levying refined oil excise taxes that is conducive to the development of the petrochemical industry. In terms of production capacity, the planning development goal is: By 2011, China's crude oil processing volume will reach 405 million tons, and refined oil and ethylene production will reach 247.5 million and 15.5 million tons respectively; industrial concentration in the Yangtze River Delta, the Pearl River Delta, and the Bohai Rim To further improve, it has built three to four 20-million-ton oil refining and 2 million-ton ethylene production bases.
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