The Petrochemical Revitalization Planning Rules will turn 40 projects into large-scale state-owned enterprises

On April 20, this newspaper learned from the China Petroleum and Petrochemical Association that the rules for the revitalization of the petrochemical industry will be announced in the near future.

It is understood that the detailed rules include ten revitalization measures, including the purchase and storage of refined oil, consumption tax reform, anti-dumping and anti-smuggling, and support for overseas development.

The previously discussed special revenue payment thresholds were not mentioned in the Regulations. The structural adjustment of the petrochemical industry has only indicated the direction. There is no detailed description of which products will receive policy support.

"Compared with the previously circulated version, the rules erased some figures." People who read the details of the China Petroleum and Petrochemical Association told this newspaper that the detailed rule is a detailed plan compared to the six policies announced in February. , but more detailed planning and supporting policies have yet to be developed.

From big to strong

From big to strong is the soul that runs through the rules.

According to relevant data, the petrochemical industry has a large total volume, accounting for approximately 5% of China's GDP; it is widely distributed, including 12 subdivided fields such as inorganic chemicals, synthetic fibers, fertilizers, and pesticides. Each subdivided area includes 3-6 subdivisions. product.

However, this large and wide industry has outstanding structural problems. According to Feng Shiliang, secretary-general of the China Petroleum and Petrochemical Association, from the perspective of the entire petrochemical industry, structural problems are mainly reflected in "supply of high-end products and overcapacity of low-end products."

At present, except for the basic balance between supply and demand for refined oil and other products, the self-sufficiency rate of ethylene petrochemical products is only about 50%, which cannot meet the needs of related industries. The overcapacity of low-end products is still intensifying, among them, excess calcium carbide 1/2, excess coke 1/4, caustic soda, soda ash and other products surplus of about 20%, methanol excess signs have also appeared, exports of rubber tires accounted for 60%.

In view of this situation, the rules clearly stipulate that projects for high-end products should be encouraged.

“We have drawn up a list of petrochemical industries supported by the state,” Wang Xiaofeng, deputy director of the Industrial Development Department of the China Petroleum & Chemical Industry Association, told this reporter that the NDRC will use this as a reference when approving projects, and the possibility of project approval mentioned in the catalogue The sex is far greater than non-directory items.

It is understood that this catalogue mainly includes high-tech industrialization projects, chemical fertilizer and pesticide structural adjustment projects, refinery oil upgrading projects, and engineering technology localization projects. However, this list is not included in the detailed rules, “internal mastery”.

At the same time, the detailed rules expressly support the implementation of mergers and acquisitions by central enterprise groups and key enterprises such as energy and fertilizer companies, optimize resource allocation, complement each other's strengths, and enhance competitiveness; and improve related industrial policies, product technology and quality standards, and industry access directories, etc. Improve access barriers.

"The other side of supporting high-end products is to eliminate backward production capacity." Wang Xiaofeng said that only the two can really increase the value of the entire industry.

In addition, the rules also propose that measures such as the implementation of special funds for risk exploration of mineral resources in foreign countries and the direct injection of financial funds to overseas investment projects, etc., will support enterprises to “go global”.

Improve price mechanism

Corresponding to the detailed rules, since this year, the price system reform of chemical products has been in full swing.

On January 1st, the reform plan for refined oil prices and taxes was implemented. The retail price of gasoline and diesel was allowed to go up and down to the maximum retail price, and the cost of road maintenance fees was lifted to increase the consumption tax.

On January 25, fertilizer prices were fully liberalized.

However, the reform of refined oil prices and taxes still needs to be deepened. The detailed rule clearly stated that after the levy of the consumption tax for refined oil products was moved to the wholesale sector, it was changed to extra-exemption.

CBI analysts believe that this is because of the current implementation of the production process, the biggest problem is that it is difficult to straighten out the distribution mechanism. Because the fuel tax can only be used as a central tax first, then through fiscal transfer payments to distribute income to local governments. This operation is not conducive to mobilizing the enthusiasm of local governments to participate in and support reform, and it is difficult to effectively link the interests and responsibilities of the central government and local governments. .

The extra-exemption is more transparent. Han Xiaoping, CEO of China Energy Network, believes that the current method of collection not only makes it difficult for consumers to see the actual price of refined oil, but also has the suspicion of collecting taxes on taxes.

In addition, the purchase and storage of refined oil has also been incorporated into the planning rules. It is understood that the rules propose that the reserve of refined oil products in 2009 should reach 3 million tons, 6 million tons in 2010, and 10 million tons before the “Eleventh Five-Year Plan”. In order to ensure the collection and storage of refined oil, the state will implement the funds for the construction of the reserve base as soon as possible.

"Before the construction of the new reserve base is completed, the state can borrow the oil storage facilities of two major oil companies and even private enterprises," said Wang Xiaofeng.

SMEs also benefit

Prior to this, the media announced 40 projects included in the revitalization plan of the petrochemical industry, including 56.5 million tons of refinery capacity, 5.8 million tons of ethylene capacity, 3.3 million tons of PX (xylene) capacity, and 1.8 million tons of PTA (pure terephthalic acid) Capacity, and 3 million tons of fertilizer production capacity.

“These 40 projects all belong to large state-owned companies such as PetroChina and Sinopec, but it does not mean that SMEs will not benefit.” Wang Xiaofeng told the newspaper.

It is understood that the National Development and Reform Commission recently approved 1,100 local projects in eight industries. Those involved in the work said to the newspaper: “The investment in these projects is as small as 20 million yuan, and as much as several hundred million yuan. The petrochemical industry has reported more than 100 projects and finally approved 2/3.”

The approved project will enjoy the preferential credit policy stipulated in the revitalization plan. "I'm not sure that every revitalized project will enjoy the same credit policy, but I know that this batch of projects enjoy a 6% discount policy," said the above sources.

According to reports, in addition to the credit policy, the detailed rules mainly include increasing fertilizer reserves, establishing a refined oil storage and storage system, improving the formation mechanism of refined oil prices, strengthening investment in technological transformation, supporting the development of overseas resources, supporting fair tax policies, encouraging and promoting Merger and reorganization, improvement of industrial development policies, and anti-dumping anti-smuggling ten measures.

According to the above-mentioned sources, each department has already assigned specific departments responsible for each measure, and even explained the implementation progress of some measures.

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