News

Wu Kai, a deputy to the National People's Congress (NPC) and Party Secretary of the Dalian Petrochemical Branch of PetroChina Company Limited, stated that adhering to a domestic demand-driven strategy, building a robust domestic market, and optimizing the implementation of policies for large-scale equipment renewal and consumer goods trade-ins (the "two new" policies) are crucial. In particular, advancing large-scale equipment renewal is significant for accelerating enterprise transformation and upgrading, enhancing the resilience and security of industrial and supply chains, ensuring national energy security, and stimulating economic growth momentum. By optimizing the implementation of these policies, enterprises can replace old, high-energy-consuming production equipment with advanced, intelligent manufacturing systems, thereby boosting production efficiency and reducing energy consumption.

"We should optimize the scope of support; regarding equipment renewal, subsidies could be expanded to cover areas such as public welfare, safety, and consumer infrastructure. Additionally, subsidy standards, implementation mechanisms, and the allocation of funds for consumer goods trade-ins should be optimized," suggested Wu Kai.

Wu Kai noted that, in the context of high-quality development requirements, Liaoning's petrochemical industry faces three major practical challenges in its transition from "large" to "strong." First, there is a prominent structural imbalance characterized by an overcapacity in basic refining alongside a supply shortage in high-end fine chemicals, making the transition toward the mid-to-high end of the value chain urgent. Second, the industry faces the imperative of green, low-carbon transformation due to the rigid constraints of "dual carbon" goals. Third, the accumulation of aging equipment necessitates equipment renewal and intelligent upgrades to continuously improve operational efficiency and profitability.

Wu Kai believes that optimizing the implementation of the "two new" policies can accelerate the petrochemical industry's shift toward high-end, intelligent, and green operations. This not only helps enterprises reduce costs, increase efficiency, and shed the "burden" of safety risks to achieve intrinsic safety, but also provides the "confidence" needed to cultivate new quality productive forces and secure a leading position in the high-end chemical sector.

Wu Kai stated that Dalian Petrochemical is currently accelerating its move toward the mid-to-high end of the value chain by focusing on innovation, efficiency, green low-carbon practices, and digital-intelligent openness, while leveraging industrial base renewal and breakthroughs in major technical equipment. When implementing large-scale equipment renewal, enterprises must consider not only the "economic calculus" of input versus output but also the "strategic calculus" of structural adjustment, transformation, and safety assurance. Only by driving the petrochemical industry chain toward greater resilience, stability, and high-end capabilities can the industry firmly safeguard national energy security and play a more significant role in serving the national energy strategy.