In 2022, the total industrial output value of enterprises above designated size in Qinzhou increased by 27.8 percent year-on-year.

Qinzhou's industrial added value for enterprises above designated size in 2022 increased by 10.8 percent, ranking second in the region. Qinzhou also saw a surge in industrial investment last year, reporting an increase of 31.43 percent year on year, and maintaining a high growth rate.

The chemical integration transformation and upgrading project of the Guangxi branch of China National Petroleum Corporation (PetroChina) is a significant project in Qinzhou.

The project, with a total investment of about 30.5 billion yuan ($4.4 billion), was launched in July 2022. When it is completed and put into operation in 2025, it will fill the vacancy in Qinzhou's regional high-end new chemical materials industry.

From January to February, the company processed 1.5 million metric tons of crude oil and produced 1.35 million tons of gasoline, diesel, aviation coal, liquefied gas and other products. The completion rate of the company's product sales plan reached 99.75 percent, while the company's total industrial output value and tax revenue reached 8.2 billion yuan and 1.17 billion yuan, respectively.

The chemical integration transformation and upgrading project of the Guangxi branch of PetroChina. [Photo/WeChat account: gh_df8bc987e060]