Hainan: By 2027, the total output value of the province's petrochemical and new materials industry will exceed 160 billion yuan.

Hainan issued the "Three-Year Action Plan to Accelerate the Construction of Modern Industrial Systems with Characteristics and Advantages in Hainan Province", which mentions the upgrading of quality and level of the petrochemical new materials industry. The policy of releasing the "determined enterprises, determined varieties, determined quantities" for imported crude oil will be fully utilized to promote the mutual supply and circulation of materials in the upstream and downstream of the industrial chain, accelerate the formation of a complete industrial chain of "oil head - chemical transformation - new material end". The chain of olefins industry will be strengthened, planning to increase the scale of the olefins industry by purchasing raw materials such as naphtha and propane, and differentiating development of high-end chemical new materials industry. The chain of aromatics industry will be steadily developed, extending downstream to special polyester and degradable materials. Special oil products will be moderately developed. The comprehensive utilization of high-carbon dioxide natural gas will be promoted, and the natural gas chemical industry chain will be extended. By 2027, the output value of the petrochemical new materials industry in the province will exceed 160 billion yuan.