Guiding Investment Direction to Avoid Blind Construction Chongqing Launches Chemical Project “Supermarket”

On the 9th, it was learned from the Chongqing Municipal Economic Commission that the "Chemical Industry Sustainable Development Project Library Planning Proposal for Chongqing Chemical Industry" prepared by the company had planned 105 projects for the city's chemical industry and the estimated total investment was 98.732 billion yuan. This proposal is called the "Government Project Supermarket." After experts have demonstrated that the project requires the funds, raw materials, resources and other conditions, companies can choose according to their actual situation.
It is understood that in the past, some chemical companies in Chongqing blindly built projects that caused environmental pollution, waste of resources, and other issues. At the same time, companies are unable to grasp the risk of project construction. The new concept of creating a government project supermarket, relevant expert argumentation, and enterprise selection project proposed by Chongqing Municipality constitutes a platform for government-supported enterprise development, making the project “open for election” and avoiding the blindness of corporate construction projects. While the industry insiders highly praised the proposal, they hope that the government will promptly initiate the formal establishment and start-up of these projects.
The main content of this proposal is divided into three categories: natural gas chemical industry, petrochemical industry, fine chemical industry and other chemical industry. Among them, there are 48 projects for natural gas chemicals, 30 projects for petrochemicals and downstream products, and 27 projects for fine chemicals and other chemicals. If these three major categories of major chemical projects are implemented, they can form a functional polymer material industrial cluster with five major general-purpose thermoplastic engineering plastics, and a basic organic chemical raw material industry cluster mainly composed of methanol and derivatives, with high ammonia as the leading factor. Concentration fertilizer industry clusters, salt gas chemical industry clusters based on polyvinyl chloride and methane chlorides, and fine chemical industry clusters based on paints, pharmaceutical intermediates, and pesticide intermediates. It will promote the establishment of a chemical industry in Chongqing as a pillar industry, gradually solve the problem of industrial emptiness in the Three Gorges reservoir area, and accelerate the adjustment of the chemical industry structure and regional structure.

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