From January to February, the key enterprises above designated size in Qinzhou Petrochemical Industrial Park achieved an industrial output value of about 12.5 billion yuan ($1.96 billion), a year-on-year increase of 66 percent, and generated nearly 3.3 billion yuan in tax revenue, a year-on-year increase of 119 percent.

CNGR Advanced Material, Guangxi Yuchai Petrochemical, and Yuding New Materials have injected new vitality into the industrial output value of the park. It is expected that the park's industrial output value will maintain double-digit growth this year.

Construction of major projects in the park is in full swing. At present, the second phase of Huayi's 750,000 metric tons propylene and downstream deep processing and chlor-alkali project is undergoing process equipment installation, while the third phase of the advanced material project is accelerating the preliminary work of the two industrial chain projects of olefin materials and degradable materials.

The second production line of the CNGR Phase I project has been put into operation, with a production capacity of 45,000 tons, while the formalities for being put into operation are being accelerated.

Qinzhou Petrochemical Industrial Park. [Photo/WeChat account: zmqqzgpq]