China is in the stage of accelerating industrialization and urbanization, and some petroleum and chemical products still have a large room for growth. Private enterprises should find a good entry point and fully participate in the development of the petrochemical industry. Refined oil, potash fertilizer and other segmented industries, olefins, some organic raw materials and other products with a large gap, natural gas, light hydrocarbons and other low-carbon new materials, new special chemicals and other high-end products, will be the "12th Five-Year" period with greater room for growth in the field. In the petrochemical downstream industry, the "Twelfth Five-Year" period should develop high-end organic raw materials, synthetic resins, synthetic rubber, coal to natural gas, etc., and accelerate the elimination of backward production capacity of traditional coal chemical industry. During the "12th Five-Year Plan" period, the scale of the petroleum and chemical industries will continue to grow steadily, and the average annual growth rate of the total output value will reach more than 10%. By 2015, the total output value of the whole industry has increased to about 16 trillion yuan. Over the past decade, China's petroleum and chemical industries have grown at an average annual rate of 20.6%, and by the end of 2010, the total output value of the petroleum and chemical industries reached 8.88 trillion yuan. At present, China's industrialization process has not been completed, urbanization is in a period of rapid development, housing, transportation development of energy, raw materials to form a large-scale demand, the future for a long period of time, the petroleum and chemical industry still has a large space for development. Petrochemical and chemical industries are key areas supported by the state. Specifically, during the "Twelfth Five-Year Plan" period, the petrochemical focus on the development of residuum boiling bed hydrogenation, suspended bed hydrogenation, flexible coking, heavy oil catalytic cracking and other technologies, clean fuel technology in line with the national Ⅴ standard, catalytic cracking flue gas desulfurization and denitrification technology, ethylene unit cracking, separation, cryocooling, rectification and other advanced control and optimization technology and by-product comprehensive utilization technology, aromatic production complete sets of technology, High performance technology of synthetic resin and synthetic rubber, production technology of special synthetic fiber, new molecular sieve material, catalyst carrier and new preparation technology, etc.
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