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In terms of new chemical materials, China is still at a low level, and high-performance products and high-end brands rely heavily on imports. To this end, the Federation is preparing for the Chemical New Materials Industry Investment Fund, with a scale of 5 billion yuan, which will be fully managed by an internationally regulated fund management model. Through the guidance of the fund, the proportion of localized key chemical new materials at the end of the “Thirteenth Five-Year Plan†has reached more than 80%. The fund will focus on investing in new chemical materials projects with large domestic market gaps and independent intellectual property rights, including high-performance fibers.
The development of high-performance fiber is a manifestation of a country's comprehensive strength and an important material basis for building a modern and powerful country. High-performance fiber composite materials are important basic raw materials for the development of national defense, aerospace, new energy and high-tech industries. They also have a wide range of applications in the national economy such as construction, communications, machinery, environmental protection, marine development, sports and leisure. In the top ten areas identified by "Made in China 2025", seven areas are closely related to high performance fibers.
According to people from the Petroleum and Chemical Industry Planning Institute, under the guidance and promotion of industrial funds, the self-sufficiency rate of high-performance fiber in China is expected to reach 92% by 2020. Based on domestic and self-sufficiency, new chemical materials will be the main engine for the transformation and upgrading of the whole industry in the “13th Five-Year Planâ€.
New 13th Five-Year Plan for Chemical Industry or released this month
Abstract The reporter was informed yesterday that the China Petroleum and Chemical Industry Federation has completed the formulation of the “13th Five-Year Development Plan for Chemical New Materialsâ€, which is expected to be released this month. The Federation will also prepare for the establishment of new materials...
The reporter was informed yesterday that the China Petroleum and Chemical Industry Federation has completed the formulation of the “13th Five-Year Development Plan for Chemical New Materialsâ€, which is expected to be released this month. The Federation will also prepare for the establishment of a new material industry investment fund to promote industry development.