echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > In 2021, the total profit of China's petrochemical industry will reach 1.16 trillion yuan

    In 2021, the total profit of China's petrochemical industry will reach 1.16 trillion yuan

    • Last Update: 2022-03-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On February 17, the China Petroleum and Chemical Industry Federation held a press conference on the economic operation of China's petroleum and chemical industry in 2021 in Beijing.


    Fu Xiangsheng said that in 2021, China's petrochemical industry will achieve revenue of 14.


    In terms of product data, China's crude oil, natural gas, crude oil processing volume and major petrochemical product output all increased year-on-year last year


    According to data from the National Bureau of Statistics, in 2021, China will produce 199 million tons of crude oil, a year-on-year increase of 2.


    In addition, in 2021, China's crude oil imports will decline for the first time in 20 years, and the foreign dependence of crude oil will also change from rising to falling


    According to the data provided by the Petrochemical Federation, in 2021, China will import 513 million tons of crude oil, a year-on-year decrease of 5.


    Fu Xiangsheng said that the high oil price is an important factor for the decline of crude oil imports, and it is also a manifestation of the achievements of PetroChina, Sinopec and CNOOC in implementing the central deployment and the implementation of the "Seven-Year Action Plan for Oil and Gas Production Increase".


    However, the "double decline" of crude oil import volume and foreign dependence for the first time does not mean that crude oil consumption and import peaks have appeared


      In 2021, China's synthetic resin imports will drop by 16.


      Fu Xiangsheng pointed out that the decline in the import volume of synthetic material products reflects that China's new production capacity has made up for the lack of original supply, and it also reflects that China's technological innovation has made up for the shortcomings of some high-end products



    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.