Refining and chemical industry

The refining and chemical industry refers to the industry that extracts and processes various petrochemical productsfrom fossil fuels such as oil, natural gas and coal, including oil refining, chemical industry and new petrochemical materials.

It can be divided into upstream, midstream and downstream three links according to the industrial chain. Upstream is the exploitation and refining of fossil fuels such as oil, natural gas and coal; The middle reaches are the production of chemical raw materials and processing of petrochemical products. Downstream is the sale and application of petrochemical products.

The refining and chemical industry chain is an industrial chain composed of mineral resources such as oil and natural gas, petroleum processing, petrochemical raw materials, petrochemical products, storage and transportation, sales and services. Among them, petrochemical products are the core and main output substances of the refining and chemical industry chain.

The refining and chemical industry began in the 1920s, after continuous adjustment and development, and gradually formed a refining and chemical enterprise with independent research and development capabilities and core technologies. In recent years, with the rapid growth of China's economy and the continuous research and development of new materials such as methanol and benzene, China's refining and chemical industry has gradually become one of the world's most competitive industries.

In recent years, China's refining and chemical industry has implemented a series of policy documents, the main contents of which include increasing capital and technology research and development investment in new materials and energy, strengthening enterprise cooperation, optimizing industry structure, and expanding international market share.

The economic environment of China's refining and chemical industry is gradually optimized. With the continuous optimization of domestic and foreign policy environment and the increase of domestic and foreign market demand, China's refining and chemical industry will face a broader development prospect.

With the enhancement of environmental awareness, China's refining and chemical industry is also facing a good social environment. The government will strengthen environmental protection supervision, and enterprises will also face stricter environmental protection requirements.

The emergence of new materials and high-tech products has provided new development opportunities for China's refining and chemical enterprises. At the same time, technological progress will also drive the refining industry's technical level to continue to improve.