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Jiangsu's chemical industry has shown an obvious trend of transformation and upgrading: high-end substitution of imports, deep integration of new energy industry chain, and exploration of green and low-carbon technology paths have become the three core driving forces.
as an important base of China's chemical industry, Jiangsu Province is ushering in unprecedented industrial transformation. From the technological upgrading of Nanjing Yangzi Petrochemical, to the rise of Lianyungang's world-class petrochemical base, to the professional development of Taizhou Chemical Park in central Jiangsu, Jiangsu's chemical industry is undergoing profound structural adjustment.
The latest statistics show that the total investment in major chemical projects under construction and planning in Jiangsu Province has exceeded the 200 billion yuan mark, covering strategic areas such as refining and chemical integration, high-end new materials, and new energy support. These projects not only represent the future development direction of Jiangsu's chemical industry, but also redefine the competitive landscape of China's chemical industry.
Based on the in-depth investigation and analysis of 19 key projects, Jiangsu's chemical industry has shown an obvious trend of transformation and upgrading: high-end substitution of imports, deep integration of new energy industry chain, and exploration of green and low-carbon technology paths have become the three core driving forces.
with a huge investment of 170 billion yuan, Shenghong Refining and Chemical Integration Project has become the flagship project of Jiangsu chemical industry upgrading. The core value of the project lies in the construction of a complete industrial chain integration system. Through the in-depth coordination of the 16 million-ton oil refining unit and the 1.1 million-ton ethylene unit, the whole process coverage from crude oil processing to high-end chemicals is realized.
The most remarkable achievement of the project is the successful production of 1 million tons of EVA capacity. Since reaching full production in March 2025, the base has become the world's largest EVA production center, which not only meets the strong demand for domestic photovoltaic packaging films, but also occupies an important share in the international market. The realization of this scale of production capacity marks an important breakthrough in the field of high-end chemicals in China.
The driving effect of the Sheng Hong project is also significant. Xuwei New District has formed a 100 billion-level petrochemical industry cluster around the project, with a supporting investment of more than 30 billion yuan, laying a solid foundation for Lianyungang to build a world-class petrochemical base.
the 11.581 billion yuan technology upgrade project of Yangzi Petrochemical represents the successful practice of the transformation of traditional refining and chemical enterprises to the field of new materials. The core content of the project includes the comprehensive reconstruction of ethylene plant and the integration of new downstream materials. The product structure is greatly inclined from traditional petrochemical products to high-end polyolefin, special rubber and other new materials.
The project has been officially included in the list of major implementation projects in Jiangsu Province in 2025. The EIA draft was completed in January this year. It is expected to significantly consolidate Yangzi Petrochemical's leading position in Nanjing Jiangbei New Materials Industrial Park.
Lianyungang Kaeshi New Energy Project has a total investment of 10 billion billion yuan, of which 3.6 billion billion yuan will be invested in the second phase of the project, focusing on the construction of 100000 tons of ternary precursor and 60000 tons of battery-grade nickel sulfate production lines. The product of the project is directly connected to the market demand of high nickel NCM811 cathode material, which is one of the largest battery material integration projects in China.
The strategic value of the project lies in the construction of a complete "cobalt mining-precursor preparation-battery manufacturing" industrial chain, which effectively guarantees the safety and stability of China's power battery supply chain. After the project is fully put into production, Lianyungang will develop into the world's largest metal cobalt processing base.
Huaping Kaitong photovoltaic module packaging materials project planning a total production capacity of 216000 tons, the use of phased construction mode. The first phase of 20 production lines was successfully put into operation in April 2024, and the second phase of 40 production lines is expected to be completed and put into operation in 2026. The total investment of the project is 2 billion yuan, and the production capacity ranks first in the global photovoltaic packaging film field.
The technical advantages of the project are concentrated in the stability of product quality and cost control ability, which provides important support for Jiangsu Province to consolidate its dominant position in the global photovoltaic industry chain.
the layout of Jiangsu Province in the field of carbon fiber reflects the strategic choice of different technical paths.
Huai 'an Xinfengming plans to produce 50000 tons of T700 grade carbon fiber annually, with a total investment of 3 billion yuan, mainly for the wind power blade and automobile lightweight market. The project is planned to be put into operation in 2026-2027 and will form a complete industrial cluster of "acrylonitrile-carbon fiber-composite materials.
Lianyungang Zhongfu Eagle focuses on the pilot production of T1100 grade carbon fiber, and the application field focuses on high-end markets such as aerospace. The successful implementation of the project will significantly enhance China's independent supply capacity of high-end carbon fiber.
Xuzhou Bokang lithography materials project construction ArF photoresist pilot line, products used in 28nm and above process chip manufacturing. The project is of great strategic significance to solve the problem of photoresist "stuck neck" and can directly support the localized supply demand of TSMC and other enterprises in Nanjing.
The technical difficulties of the project mainly focus on the purity control and performance stability of photoresist, and the successful breakthrough will establish a high-end product image for Xuzhou High-tech Development Zone.
xinyi Xinhengsheng Synthetic Ammonia Urea Relocation and Upgrade Project has a total investment of 4.97 billion yuan. It will enter the commissioning stage in 2025, with an annual output of 400000 tons of synthetic ammonia and 600000 tons of urea, and is equipped with CCUS technology. The project forms a complete industrial chain of "coal-synthetic ammonia-methanol" and promotes the green upgrading of coal chemical industry in East China.
Yixing Linggu Green New Material Integration Project has invested more than 12 billion yuan and plans to put it into operation by the end of 2026, building 1 million tons of synthetic ammonia and 880000 tons of urea production lines. The main products of the project are electronic-grade hydrogen and ultra-pure ammonia, which are used in the fields of semiconductors and hydrogen energy to fill the technical gap in the field of domestic electronic special gas.
nantong Xinpu Chemical Propane Dehydrogenation to Propylene Project has an investment of 3.3 billion yuan, including 800000 tons of PDH plant, which adopts Lums CATOFIN technology. The project will complete the equipment installation by the end of 2024 and put into trial run in 2025, forming an integrated layout of "propane-propylene-polypropylene" for Nantong Chemical Park.
Yancheng Fa Liquid Air Biological Green Hydrogen Green Alcohol Integration Project plans to invest more than 10 billion yuan to build a bio-based green hydrogen and green methanol production line with an annual output of 50000 tons. This is the world's first 10,000-ton bio-green hydrogen project, and its products are mainly used in the field of shipping fuel.
The technological innovation of the project is to use biomass as raw material to produce green hydrogen, which has lower carbon emissions and better economy than traditional electrolytic water hydrogen production. After the completion of the project, the "green hydrogen-green alcohol-energy storage" industrial cluster will be formed for Yancheng High-tech Zone.
jiangsu Baishun Recycling Technology Lithium Battery Waste Pole Treatment Project has an investment of 0.52 billion yuan, with an annual treatment capacity of 96000 tons, which can recover key resources such as lithium carbonate and copper foil. The project will be put into operation in 2026 and is expected to promote the formation of a lithium recycling industry belt in Yancheng.
The value of the project lies in the construction of a closed-loop system of "decommissioned batteries-renewable materials", which significantly reduces the dependence on primary lithium resources and meets the requirements of carbon neutral development.
taizhou Huide polyurethane new material project to build TPU production line, mainly used for new energy vehicle battery pack sealing, to provide support for Taizhou to improve the self-sufficiency rate of polyurethane materials.
Tongzhou Bay Blue Sea New Material High-end Polyolefin Project is planned to produce 500000 tons of high-end polyolefin annually, including 200000 tons of FDPE plant, 50000 tons of ethylene-propylene rubber plant, 100000 tons of POE plant, etc. It is expected to be put into operation in 2026. The project will fill the technical gap in China's high-end polyolefin field.
For example, Dongweifamous nylon new material project has invested more than 5 billion yuan. The main product is high-end nylon, which is used in lightweight parts of automobiles. The project will form an industrial chain of "hexanedinitrile-nylon-modified materials", which is of great strategic significance to replace the products of Invista in the United States.
the Shenghong Advanced Materials International Research and Development Center project will start construction in 2025, with an investment of more than 0.8 billion yuan. It will focus on the technical research and development and product production of POE adhesive film for photovoltaic packaging and COC optical resin for semiconductor, and promote the localization process of POE and COC.
the Yangzhou COSCO SHIPPING liquid hydrogen transport ship project will start construction in 2025 and is planned to be put into operation in 2027 to build the world's first 1000 cubic meter liquid hydrogen transport ship with a total investment of 1.2 billion yuan. The project is of great significance to solve the technical problems of liquid hydrogen storage and transportation, and will form an industrial chain of "liquid hydrogen equipment-transportation-filling.
with superior port conditions and policy support, Lianyungang has formed a petrochemical industry cluster with Shenghong Refining as its core. In addition to the main refining and chemical projects, Kaishi New Energy, Zhongfu Shenying and other supporting projects have further improved the industrial chain, making Lianyungang one of the most dynamic regions in Jiangsu's chemical industry.
nanjing Jiangbei New Materials Industrial Park takes Yangzi Petrochemical Technology Upgrade as an opportunity to accelerate the transformation to the new materials industry. The Jinling Petrochemical Refining Structure Adjustment Project in the park has an investment of 2.6 billion yuan. Construction will start in April 2025 and is planned to start in July 2027, including the renovation of the 1.5 million-ton/year diesel hydrocracking unit, which reflects the development direction of "reducing oil, increasing chemical production and changing to special production.
relying on CNOOC lubricating oil project and Huide polyurethane project, Taizhou has formed professional advantages in the field of high-end lubricating oil and special materials. The CNOOC project plans to build a API-SP-grade lubricating oil production line, which is expected to break the foreign monopoly on the high-end lubricating oil market.
from the perspective of investment scale distribution, Jiangsu chemical projects show obvious polarization characteristics. Over 10 billion level projects are mainly concentrated in the field of refining and chemical integration and new energy materials, such as Shenghong Refining and Chemical (170 billion yuan), Yangzi Petrochemical Technology Upgrade (11.581 billion yuan), Kaishi New Energy (10 billion yuan) and other large-scale projects.
Projects below 5 billion yuan are mainly distributed in the field of subdivision technology and specialized product direction, such as Bokang lithography materials, Baishun cycle technology and so on. Although the investment scale of such projects is relatively small, they have high technical content and play an important role in improving the industrial chain.
From the time node analysis, 2025-2026 is the key period for Jiangsu chemical projects to be put into production. It is expected that more than 10 major projects will be completed and put into production one after another, injecting strong development momentum into Jiangsu chemical industry.
high-end substitution of imports from EVA, T1100 carbon fiber to ArF photoresist, Jiangsu chemical projects are generally aimed at the high-end market, through technological breakthroughs to achieve import substitution, improve the industrial chain independent control level.
new energy industry synergy: Power battery materials, photovoltaic packaging materials, hydrogen energy industry chain and other new energy related projects accounted for more than 40%, reflecting the deep integration trend of chemical industry and new energy industry.
Green low-carbon transition: CCUS technology application, biological hydrogen production, recycling and other green technologies have been reflected in a number of projects, showing the active transformation of Jiangsu's chemical industry under the goal of carbon neutrality.
this wave of investment in the chemical industry in Jiangsu Province will not only reshape the pattern of the chemical industry in the province, but will also have a profound impact on the development of the national chemical industry. With the successive commissioning of these major projects, Jiangsu is expected to establish a more stable national leading position in the fields of high-end chemicals, new energy materials, and green chemicals, and contribute an important force to the high-quality development of China's chemical industry.
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