The adjustment and revitalization plan of the petrochemical industry has played a role in boosting confidence in chemical companies that feel lost in the financial crisis. The most important thing is that the plan shows to chemical companies that accelerating independent innovation, promoting structural adjustment and industrial upgrading, and taking a new development path of green ecology, quality and safety, and circular economy are inevitable.

The petroleum and chemical industry is a basic industry for economic development and involves many aspects of the real economy. The spread of the financial crisis to the real economy has a significant impact on the petrochemical industry. Building materials, automobiles, light industry, textiles, iron and steel, electronics and other related industries have reduced demand for petrochemical products, and the deep-seated problems in the petrochemical industry have also been reflected.

For example, nitrogen fertilizer production is mainly based on anthracite coal with high quality and low price. The sulfur resources in the production of phosphate fertilizers cannot be recycled and the production cost is high, which cannot meet the needs of related industries. The lack of high-end products and the overcapacity of low-end products are still intensifying. Some chemical companies still implement extensive operations, they do not take fundamental energy conservation seriously, they are not careful about the use of raw materials, and they are reluctant to spend money on advanced technologies and equipment. The market demand has not been studied in depth, and advanced management methods such as informatization have been neglected, and labor costs have been reduced to the maximum possible. As a result, the market entry threshold is low, and more and more companies are trying to squeeze into the already narrow market space. Enterprises have to reduce product prices in order to survive.

The concrete measures proposed by the petrochemical industry adjustment and revitalization plan to speed up the implementation of the structural adjustment of the nitrogen fertilizer raw material route, accelerate the promotion of energy-saving emission reduction and technological innovation, and accelerate the development of the recycling economy play an important role in promoting the upgrading of the chemical industry and stimulating economic growth. Through the construction of new projects, it can also play a role in stimulating domestic demand.

For chemical companies, on the one hand, while stabilizing the product market, we must speed up structural adjustment, optimize industrial distribution, and strive to improve innovation and management; on the other hand, we must actively optimize the product structure from the perspective of long-term development. The transformation of economic development methods, in the development of new products, must actively shift to production substitution, high added value, high technical content products, completely eliminate high energy consumption equipment, and ensure that the industry is more orderly and reasonable development.

The petrochemical industry should take the adjustment and revitalization plan as an opportunity to make good use of various policies and measures to promote the stable and rapid development of the petrochemical industry, accelerate the transformation and upgrading of the chemical industry structure, and achieve sound and rapid development.