Petrochemical industry

In the process of petrochemical production, China's petrochemical industry is also facing pressure to transform and upgrade from a petrochemical power to a petrochemical powerhouse. The following is an analysis of the current situation and prospects of the petrochemical industry.

Petroleum is mainly refined and used as finished oil, widely used in fields such as motor vehicles, ships, and airplanes, accounting for about 60%; Part of the heavy oil is refined to produce paraffin, asphalt, coke, etc., which are used in construction, infrastructure and other fields, accounting for 19%; Some components are also used in the production of household materials such as resins, rubber, and fibers, accounting for about 15%.

The economic performance of China's petrochemical industry in the first year of the 14th Five Year Plan far exceeded expectations at the beginning of the year, especially with new historical records in operating revenue and profits. Now analyze the current situation and prospects of the petrochemical industry from two major sectors.