Zhejiang today officially announced that restrictions on new petrochemical, chemical fiber and other high-energy-consuming industry projects, while the implementation of energy-use rights paid use transactions and differential tariff policy. This new policy of industrial energy saving and carbon reduction is bound to impact Taiwanese petrochemical and chemical fiber industries, including Formosa Plastics Petrochemical.
Zhejiang is an important petrochemical industry in the central region of the mainland, Taiwan has long been laid out for many years, especially the Formosa Plastics Group in Ningbo, Zhejiang in 2001 to set up a petrochemical raw materials zone, to build a consistent production of upstream and midstream self-sufficiency, is the largest petrochemical, chemical fiber investment in Zhejiang, and more involved in the supply chain of the Formosa Plastics industry.
Zhejiang Province today released the “global advanced manufacturing base construction 14 five plan (draft for comment)”, intends to accelerate the implementation of key industries to reduce pollution and carbon action, the main focus of the new policy will limit new petrochemical, chemical fiber and other high energy-consuming industry projects, strict control of cement, steel and other new production capacity, the overall layout of large data center, 5G network and other special projects.
The new policy has a small impact cloth, the specific content includes the strict implementation of steel, cement, flat glass, foundry and other industries capacity reduction and replacement policy, increase the replacement ratio. The new petrochemical, chemical fiber, cement, iron and steel, paper and other high energy-consuming special projects, the implementation of energy-use rights paid use transactions and differential tariff policy.
Zhejiang officials announced restrictions on new petrochemical, chemical fiber and other high-energy-consuming industry projects.
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