Shaanxi to Forge Six New Pillar Industries

Shaanxi will forge six new pillar industries including modern chemical and new materials industries and will strive to raise their total value of industrial output to RMB1.8 trillion, accounting for over 46% of the industrial output value of Shaanxi, as announced at a press conference recently held by the Information Office of Shaanxi Provincial Government.
Shaanxi will rely on coal-to-olefin and coal-to-oil processes to promote deep transformation of coal resources and turn the area’s abundance of coal into industrial competitiveness. By 2021, Shaanxi will have 10 million t/a of coal-based oil capacity and 5.2 million t/a of coal-based olefin capacity, and its coal chemical industry will converge around 100 million t/a of coal, with annual output value reaching RMB300 billion.  
Shaanxi will focus on development of new metal materials, high-end new materials for the energy and chemical field, inorganic non-metallic materials and cutting-edge new materials to cultivate a number of innovative products for aerospace, equipment, electronics and other high-end industries.