In order to carry out the plan for establishing a national-level petrochemical base, Tianjin will invest CNY 65 billion to build a high-level Bohai Chemical Park, which will be the first modern chemical industrial base in China, integrated with marine chemical, petrochemical and coal chemical industries. At present, the overall construction is in full swing.

The 5-year relocation and transformation project of Tianjin Soda Plant was finally completed at the end of 2010. The newly-built plant has produced many new products such as polyoxymethylene, butyl alcohol and isobutyl alcohol. The first phase of Bohai Chemical Park has been successfully completed, with the completion and operation of Tianjin Dagu Chemical Co., Ltd.’s 500 000-ton styrene project, the first phase of the 400 000-ton ABS project and the joint venture SBS project of Korean LG Chem. A total of CNY 23 billion is invested in the first phase construction, which contributes 19 new products and additional CNY 30 billion throughout the year to Tianjin Bohai Chemical Industry Group Co., Ltd.

Bohai Chemical Park is located in Tianjin Harbor Economic Area, covering an area of 5 km². There are 41 projects in the overall construction plan of the Tianjin Bohai Chemical Park, which will take eight years and three phases to be completed. It is estimated that once finished, the annual sales will reach CNY 106.3 billion, accompanying an annual tax revenue of CNY 15.7 billion and will be the first chemical industrial manufacturing base with advanced technology, sound coordination, comprehensive facilities and an integration of upstream and downstream products. Based on the idea of establishing a modern industrial manufacturing base, the Bohai Chemical Park undertakes a scientific concept of management, an economical use of resources, and environment-friendly measures. It will be a bright spot in the Tianjin Binhai New Area.

The Tianjin Bohai Chemical Industry Group Co. Ltd. is the largest marine chemical industrial enterprise in China. Its principal products play a leading role in the industry in China. The corporation provides more than 2 000 kinds of products in 11 categories, ranging from sodium carbonate production, sodium hydroxide, to chlorine products, crude salt, rubber, high molecular polymer products and chemical building materials. It has established long-term partnerships with world-famous enterprises including Akzo Nobel, LG, Air Liquid Group, Veolia Environment and Vopak Group. The group actively implemented the material organization, market exploration and staff training of the new project. Since 2012 it has started new projects such as annual producing white oil of 100 000 tons, EPS of 120 000 tons, PS of 100 000 tons, providing vital supports for the first season production. In the first quarter of 2012, the industrial total output value of the Bohai Chemical Park was CNY 14.05 billion, increasing by 28% than the last year. Now the Bohai Chemical Park has agreed on 9 cooperating projects with companies such as the world’s top-500, with a total investment of 6 billion US Dollars. On the basis of a comprehensive cooperation with the Beijing branch of the Chinese Academy of Sciences, the Bohai Chemical Park also signed a strategic cooperation agreement with the Dalian Institute of Chemical Physics, the emphasis of which is to build national clean energy laboratories.