Next month, China is scheduled to formally release its 12th Five Year Plan for National Economic and Social Development. This plan will provide an overview of the government’s industrial goals and identify key projects for the period 2011-2015. The Chinese government is also expected to announce derivative plans and policies for individual jurisdictions and industries in the following months.

China’s 12th Five Year Plan for the Petroleum and Chemical Industries is expected to be released in April. Early reports indicate that a major focus of this plan will be adjusting the structure of the petrochemical industry to favor higher value-added goods including, for example, certain fertilizers, pesticides, paints, and dyes. The plan will also call for increased development of engineering plastics, degradable products, fluorine and silicone materials, polymers, carbon fiber, and polyurethane. The plan is also reported to call for more olefin projects and the production of ethylene with more diversified input materials.

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