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A Closer Look on Made in China 2025

New Ways in the Far East: What Made-in-China 2025 Means for Petrochemicals and Chemicals

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Yet, all this is supposed to change with the new five-year plan: The concept of “Made in China 2025” shall turn the country from the extended workbench of the world into a hotspot for innovation and invention. The authors have five main project goals for the industry in China:

  • creation of national innovation centres for the industry;
  • intelligent manufacturing and smart processes;
  • diversification of value creation;
  • “Green” production;
  • high-end facilities.

These strategic fields are supposed to be implemented in ten industry branches first, from the aerospace industry to chemicals and pharmaceuticals.

The political leadership is paying special attention to the basic chemicals and petrochemicals industry. After all, this branch lays the foundations for economic development as both a raw materials supplier and a hotbed for innovation.

Additional Information
Five Points for Chemicals
China’s Agenda for the Chemicals Industry
  • Standardised chemical parks: Standardised chemical parks built and managed according to scientific criteria shall help to establish efficient and sustainable production in China. The plan also includes integration in the local infrastructure and creation of local knowledge and know-how centres.
  • Improved plant safety: After a series of major accidents in the past it will be safer now with new safety standards, especially in the production of chemicals near densely populated areas and along the Yangtse river. For this, China will focus even more on the traceability of dangerous goods.
  • Reform in the fertilizer and agrochemicals industry: It is not just the chemical industry; even agriculture in China shall follow new paths: For this, better fertilizers must be produced for the Chinese market and farmers must be trained to use modern plant protection products to reduce the amount of toxic organic pesticides.
  • Bio-based chemicals: To reduce the dependency on oil and gas imports, research and development efforts for chemicals on bio basis shall be increased.
  • Green construction chemicals: New environmentally friendly materials (such as water based paint and coatings, PVC with environmentally friendly plasticizers, environmentally friendly adhesives or insulating material on PU foam basis) must be used for Chinese construction and infrastructure projects.

Still the annual growth rate of the chemicals industry (recently 15 % in a current market of RMB 300 billion, or about € 400 billion) is double as much as the total Chinese economy. Further, 40 % of the chemicals used in China are imported, in some high-tech branches even more than 90 %.

Dawn of a New Age

No wonder that “new materials and commodities” are only one of the ten points of the “Made in China” agenda. “China’s economy will grow much more slowly in the future than it has in the past 20 years. Nevertheless, China is still an important industrial location which is growing dynamically in international comparison. That is how the demand for chemicals will grow”, Henrik Meincke, head economist of the German Chemical Industry association VCI, says.

(ID:44057067)

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