General Office of the State Council, Guiding Opinions on Adjusting the Structure, Promoting the Transformation and Enhancing the Achievements of the Petrochemical Industry

国务院办公厅关于石化产业调结构促转型增效益的指导意见

October 10, 2016 | BY

Susan Mok &clp articles &

Petrochemical industry invites foreign M&A.

Clp Reference: 5700/16.08.03 Promulgated: 2016-08-03

Issued: August 3 2016

Main contents: In light of the Belt and Road strategy, international production capacity cooperation will be vigorously promoted in the oil refining, olefin, methanol, tire, chemical fertilizer, agrochemical, dye, chlor-alkali, inorganic salt and other such competitive industries, petrochemical industry parks will be constructed overseas, and chain-like transfer and intensive development will be promoted so as to drive the “going global” of related technology, equipment and engineering services.

The participation of foreign investors in the merger and restructuring of domestic petrochemical enterprises is encouraged, and the launching of multinational operations by large Chinese petrochemical enterprises is supported, provided that they duly prepare risk contingency plans in advance (Section Two (7)).

clp reference:5700/16.08.03 issued:2016-08-03

Issued: August 3 2016

Main contents: In light of the Belt and Road strategy, international production capacity cooperation will be vigorously promoted in the oil refining, olefin, methanol, tire, chemical fertilizer, agrochemical, dye, chlor-alkali, inorganic salt and other such competitive industries, petrochemical industry parks will be constructed overseas, and chain-like transfer and intensive development will be promoted so as to drive the “going global” of related technology, equipment and engineering services.

The participation of foreign investors in the merger and restructuring of domestic petrochemical enterprises is encouraged, and the launching of multinational operations by large Chinese petrochemical enterprises is supported, provided that they duly prepare risk contingency plans in advance (Section Two (7)).

clp reference:5700/16.08.03 issued:2016-08-03

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