1、Introduction of the park

Ningbo Chemical Industrial Zone is located in the south coast of Hangzhou Bay, the north coast of Hangzhou Bay, Shanghai Jinshan Petrochemical, Caojing Chemical Industrial Zone, in China's Yangtze River Delta Petrochemical Industrial Circle region, is an important part of the petrochemical industrial circle around Hangzhou Bay, is a professional petroleum chemical industrial park in Ningbo, the overall planning area of 56.22 square kilometers. 2010 December 30 by the State Council approval, Ningbo Chemical Industrial Zone officially upgraded to economic technological development zone, renamed Ningbo Petrochemical Economic Technological Development Zone. On December 30, 2010, approved by the State Council, Ningbo Chemical Industrial Zone was officially upgraded to an economic technological development zone renamed as Ningbo Petrochemical Economic Technological Development Zone (NPEDZ). In the zone, there is Zhenhai Liquid Chemical Terminal, which is the largest one in China, with an annual throughput capacity of more than 5 million tons, Zhenhai Refining, which is the largest refining enterprise in China, with an annual capacity of 25 million tons of oil refining 1 million tons of ethylene refining. Ningbo Petrochemical Economic Technological Development Zone is guided by the concept of circular economy of petrochemical industry, determines the overall positioning of its industry, with the “refining ethylene” project as the support, liquid chemical terminal as the backing, olefins, aromatics as the main raw materials, especially the development of ethylene downstream, synthetic resins basic organic chemical materials as the characteristics of petrochemical industry, gradually form an integrated upstream downstream industry, gradually form an integrated upstream downstream industry. The petrochemical industry will gradually form an upstream downstream integrated petrochemical industry chain.

2、Leading Industries

The park is planned in three phases: the initial positioning is to focus on the deep processing of imported primary raw materials, the project focuses on the deep processing of imported raw materials, fine chemicals polymer chemical processing, opens up the basic chemical raw materials area, synthetic materials area, polymer processing area fine chemicals area; the medium-term positioning is to build the Zhenhai Refining Chemical Industry “big refining, big ethylene” project as the leading one, a variety of chemical products series of products as well as a variety of chemical products. The medium-term orientation is to build a modern large-scale petrochemical zone with Zhenhai Refining Chemical “big refining big ethylene” project as the leading one a variety of chemical products as the equal importance; the long-term orientation is to further build large medium-sized refining chemical integration projects, to strive to build a large-scale petrochemical base of world scale. The park is divided into five functional blocks in the planning area, namely: ethylene downstream industry block, large synthetic resin industry block, basic organic chemical raw materials industry block, fine chemicals new chemical materials industry block the long-term development block located in Longshan, Cixi City.

3、Enterprises in the Park

As of the end of 2014, 118 enterprises have been put into operation in the park, with a total industrial investment of more than 75 billion yuan a total foreign direct investment of 620 million U.S. dollars. There is a national larger refining chemical enterprise in the park - Zhenhai Refining Chemical Corporation, with an annual capacity of 25 million tons of oil refining 1 million ethylene. In addition, the enterprises that have settled in the park include AkzoNobel of the Netherlands, LG Yongxing of South Korea, Total, Fidelity Energy, Daicel of Japan, Zhenyang Chemical, Juhua Technology, Hangzhou Bay Acrylics, etc. In recent years, the world's top 500 enterprises have settled in the park. In recent years, Fortune 500 companies have laid out in Ningbo, also injecting brand-new vitality into the city's economic development. As of the end of July 2016, 49 Fortune 500 companies have invested in 110 projects in Ningbo, with a total investment of US$11.07 billion, contracted foreign investment of US$4.58 billion actual foreign investment of US$3.41 billion.