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Liaoning will focus on promoting 100 key technical transformation projects with provincial government responsibility targets, with a total investment of 1233.3 billion yuan, including 50 projects under construction, 30 projects planned to start, and 20 pre-projects. At present, key petrochemical projects are progressing smoothly. After Liaoyang Petrochemical's 800,000-tonne PTA started in August last year, the project is progressing smoothly and is expected to be completed and put into production in 2006; the feasibility study report for the 200,000-ton/year ethylene expansion project has been reported to PetroChina and is currently undergoing design review. Dahua Group completed the preliminary design of a 1000 tons/day clean coal gasification project. Some equipment has been ordered and it is expected that the civil works will be completed in the first half of 2006. In the second batch of national debt projects, the Shenyang Waxification 110,000-ton/year acrylic acid and ester project has been started on a civil basis. The melamine sub-item of the raw material route reconstruction project of Panjin Zhongrun Chemical Co., Ltd. was started and the ordering of equipment was completed; the feasibility study and the environmental impact evaluation of the synthetic ammonia coal-head subproject were completed and it is expected to start in 2006. The two major ethylene projects in Fushun and Dalian have progressed smoothly.
In addition, Liaoning has also strengthened the policy guidance on investment in technological transformation, and increased the amount of technical reform fiscal funds from 300 million yuan last year to 700 million yuan. Fine chemical industry benefited significantly, Dalian Luyuan Pharmaceutical high-new pesticide intermediates DCHA to fill the gaps in the domestic market, Anshan Huifeng high-performance organic dye costs and foreign similar products reduced by 50% to 60%, Dalian Guanghui polyacrylamide papermaking chemicals alternative imports.
Liaoning's 6.5 billion capital inflow to petrochemical industry increased by 50.4% year-on-year
On July 27, Liaoning Province announced the first half of the industrial economic information conference. In the first half of this year, Liaoning Province completed industrial investment of 51.89 billion yuan, an increase of 60.4% over the same period of last year. The petrochemical industry completed an investment of 6.5 billion yuan, of which the chemical industry completed an investment of 4.21 billion yuan, an increase of 50.4% year-on-year; the petroleum processing industry completed an investment of 2.29 billion yuan, a year-on-year increase of 40.2%.
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