The adjustment and revitalization plan of the petrochemical industry has played a role in boosting confidence in chemical companies that feel lost in the financial crisis. The most important thing is that the plan shows to chemical companies that accelerating independent innovation, promoting structural adjustment and industrial upgrading, and taking a new development path of green ecology, quality and safety, and circular economy are inevitable.

Through the petrochemical industry revitalization plan, in China's current petrochemical industry, nitrogen fertilizer production is mainly based on anthracite coal with low prices, high prices, and long distances as raw materials. The failure to recycle sulfur resources in the production of phosphate fertilizers cannot meet the needs of related industries. In the future, China's petrochemical enterprises should speed up the implementation of nitrogen fertilizer raw material route structure adjustment, accelerate the promotion of energy-saving emission reduction and technological innovation, and accelerate the development of circular economy and other concrete measures, and play an important role in promoting chemical industry upgrading and stimulating economic growth. Through the construction of new projects, it can also play a role in stimulating domestic demand.

For chemical companies, on the one hand, while stabilizing the product market, we must speed up structural adjustment, optimize industrial distribution, and strive to improve innovation and management; on the other hand, we must actively optimize the product structure from the perspective of long-term development. The transformation of economic development methods, in the development of new products, must actively shift to production substitution, high added value, high technical content products, completely eliminate high energy consumption equipment, and ensure that the industry is more orderly and reasonable development.

The petrochemical industry should take the adjustment and revitalization plan as an opportunity to make good use of various policies and measures to promote the stable and rapid development of the petrochemical industry, accelerate the transformation and upgrading of the chemical industry structure, and achieve sound and rapid development.

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