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Since entering the 21st century, with the sustained and rapid growth of the domestic economy, China's petrochemical industry has developed rapidly. At present, the petrochemical industry has taken the lead in the world in terms of total economic output. The output of synthetic ammonia, chemical fertilizers, soda ash, caustic soda, calcium carbide, sulfuric acid, synthetic fibers, dyes, and tires ranks first in the world, and products such as oil refining, ethylene, synthetic resins, synthetic rubber, etc. The output ranks second in the world. At the same time, the industry’s overall technology and equipment levels have been significantly improved, and the ability of independent innovation and international competitiveness of enterprises has been continuously enhanced.
However, we also clearly see that the rapid development of the petrochemical industry largely depends on the continuous expansion of investment scale and the large investment in resources. The quality of economic growth in the industry is still not high and the foundation for development is not solid. In recent years, the extensive growth of the industry has become more and more acute with the conflict between resources and the environment. Resource shortages and environmental pressure have become bottlenecks in the further development of the industry. In particular, the adverse consequences of low-level redundant construction in some sub-sectors began to appear, and the overcapacity problem became increasingly prominent. The prices of related products dropped and inventory levels rose. Since the second half of last year, the development of China's petrochemical industry has been plunged into unprecedented difficulties. This is not only the result of the impact of the international financial crisis, but also highlights the irrationality of the industrial structure and the serious lag in the transformation of development methods.
At present, it is a great opportunity for the industry to make structural adjustments. Objectively speaking, the international financial crisis has formed a "forced mechanism" for the structural adjustment of the petrochemical industry. As external demand has shrunk dramatically, international trade protectionism has risen and industrial economic growth has been maintained, domestic demand must be expanded to make up for the decline in external demand. This has created opportunities for the industry to adjust its internal and foreign trade structure; as coastal areas are more affected by the financial crisis, As a result, the transfer of industries between regions is accelerating, which brings opportunities for regional restructuring. As there are more opportunities for mergers and reorganizations in the international financial crisis, and the conditions for mergers and acquisitions in the international market are loose, this is the reason for low-cost M&A expansion and organizational restructuring of enterprises. Bringing opportunities; due to market shrinkage, companies must continue to develop new technologies and new products in order to survive and develop, which brings opportunities for product structure adjustments and upgrades.
However, the opportunity is fleeting. With the recovery of the economy and the escalation of demand, the backward production capacity that has already been eliminated may be revived. The backward production capacity that should have been eliminated may be revitalized. The already surplus production capacity may be blindly expanded again, and it is bound to disrupt the industrial structure. Adjust and optimize the progress of the upgrade. Therefore, we must establish a long-term, future-oriented, scientific development, and promote a new and greater breakthrough in the structural adjustment of the petrochemical industry.
It should be said that since the beginning of this year, the petrochemical industry has done a lot of work in structural adjustment. For example, many regions have successively issued plans for the adjustment and revitalization of the petrochemical industry, and some petrochemical companies have also prepared plans for corporate restructuring and revitalization. However, from the perspective of the investment priorities listed in the adjustment and revitalization plans of some regions and enterprises, most of them involve industries with excess capacity. As we all know, if new projects continue to be carried out in industries with excess capacity, it will not only cause huge waste, but also aggravate the contradiction in the oversupply of products, make some companies unable to produce their production capacity, lead to losses or even shut down, and cause banks to have a lot of bad debts. Further aggravate the irrational industrial structure.
Therefore, the current deepening of structural adjustment must firmly establish a scientific concept of development. At the same time, the deepening of structural adjustment must be based on the actual conditions of the industry, so that there are chapters in operation and scientific progress in practice. It is gratifying to note that the Guiding Opinions on Structural Adjustment of the Petroleum and Chemical Industry that arouse the efforts and wisdom of the whole industry emerged as the times require, and pointed out the direction for structural adjustment of local governments, industries, and enterprises. It will also be realized during the 12th Five-Year Plan period. Guidelines for sustainable development in the industry. The "Guiding Opinions" pointed out that structural adjustment, on the one hand, should focus on eliminating backward production capacity. On the one hand, we must vigorously cultivate new types of industries. This is the top priority of structural adjustment. The development and growth of a living organism requires constant vomiting and new development. If the healthy development of the industry is not the case, it is not so!
We have experienced the pains of reform and China Chemical has achieved world-renowned performance. At present, the entire industry is facing the moment of structural adjustment. When we survive the difficulties and emerge from the predicament, the new development will surely become healthier and more dynamic. More sustainable.
The China Petroleum and Chemical Industry Association held a conference on structural adjustment and promotion of the petroleum and chemical industry in Beijing yesterday. At the same time, the Guiding Opinions on the Structural Adjustment of the Petroleum and Chemical Industry and the Guiding Opinions on the Revitalization and Support of the Petroleum and Chemical Industry were issued. This means that the petroleum and chemical industries have sounded the "assembly number" to speed up industrial restructuring.