SHANGHAI'S chemical industrial park, which houses production bases of global giants such as BP Plc and Bayer AG, aims to boost sales by 21 percent this year while achieving greater energy efficiency.
The Shanghai Chemical Industry Park plans to achieve sales of 62 billion yuan (US$8.55 billion) this year, up from 51.1 billion yuan in 2007, the park development company said yesterday.
The park, about 50 kilometers southwest of the city proper, also hopes to draw new investment of US$3.5 billion this year. It has attracted investment worth US$10.04 billion by the end of last year since striking its first deal in 2001.
Two key industry chains, focusing on ethylene and chlorine respectively, help link multinationals such as BP, BASF and Bayer and domestic companies such as Sinopec Shanghai Petrochemical Co and Huayi Group closely in the park, it said.
Improving supporting facilities allows companies to supply each other in the park, as one's byproduct could be another's feedstock, fully utilizing the resources, it added.
On the other hand, projects that are in operation in the park consume less than 1.01 ton of standard coal on average for per 10,000 yuan of gross domestic product in 2007, down 15.2 percent from 2006.
It aims to cut the ratio by another 10 percent this year.
The park has ruled that only new projects that consume less than 0.5 tons of standard coal per 10,000 yuan of GDP would be admitted. By comparison, the national average was 1.22 tons in 2005, although the government has pledged to cut this amount by 20 percent by 2010.
"The park is working on changing the way how large-scale industrial parks develop," the park developer said.