Recently, in the control room of a petrochemical company in Haikou, the latest industrial chain map was displayed on a large screen. From deep-sea drilling to high-end new materials, a billion dollar industrial giant is poised to emerge on the coast of the South China Sea.

Clear Path to Trillion Target

The General Office of the People's Government of Hainan Province officially issued the High tech Industry Development Plan on June 23, 2026. The document proposes that by 2030, the revenue scale of high-tech industries in the province aims to exceed 1 trillion yuan, with added value accounting for about 20% of GDP. Among them, petrochemical new materials have been identified as the absolute core, which will build a complete chain of upstream oil and gas development, midstream deep processing, and downstream high-end applications.

Upgrading the entire chain to improve quality and efficiency

Upstream, Hainan will promote the development of gas fields such as Baodao 21-1 to ensure the supply of raw materials; In the midstream, focus on planning ethylene projects and extending high value-added products such as polyolefin elastomers; In the downstream, we are deeply involved in the cultivation of specialty oil products and biochemical engineering. At the same time, supporting construction of 1.2 million tons of carbon rich natural gas to methanol and bioenergy projects will comprehensively improve resource utilization efficiency and industrial resilience. Keywords: New Energy News and Information, Petrochemical New Materials

Synchronized layout of emerging tracks

In addition to traditional petrochemicals, Hainan will simultaneously cultivate the hydrogen energy industry, promote demonstration projects such as Dongfang offshore wind power hydrogen production, and strive to take shape by early 2030. By integrating deep-sea technology and clean energy, Hainan is accelerating its transformation from a single oil and gas processing base to a diversified, low-carbon world-class industrial base, in order to support the country's major strategic energy security.Editor/Gao Xue