Shanghai Chemical Industry Park

Shanghai Chemical Industry Park (SCIP), China's first industrial zone specializing in the petrochemical and fine chemistry business, lies on the north coast of Hangzhou Bay with a planned area of 29.4 square kilometers. As part of China's 10th Five-year Plan, the park's first phase investment reached 150 billion yuan ($21.43 billion) and has become the southern center of Shanghai's six industrial bases. It's dubbed as "the new wing of Shanghai's industrial take-off."

Currently spanning over an area of 36.1 square kilometers, the park focuses on the development of the petroleum and natural gas chemical industry, with highlights on refined petroleum products, including new material, ethylene, isocyanate and polycarbonate. The goal is to rank among the largest, most integrated and advanced petrochemical bases in Asia.

The park provides investors with sound investment environment featuring joint projects, public utilities, convenient logistics and administration services. To date, many petrochemical multinationals, including Bayer, Degussa, Huntsman, Mitsui Chemicals and Petro China, have set up their factories or headquarters for its impeccable environment as well as geological position.

Located in the boundary between Jinshan and Fengxian districts, the park is only 50 kilometers away from downtown Shanghai. There are exclusive railways connecting to the 113-kilometer-long Pudong Railway (Fengxian-Pudong Airport-Zhangmiao). The park also enjoys the transportation resources of Huangpu River and Yangtze River water systems via a dredged inner river channel. It is only 55 km away from the Yangshan Deep Water Port and 50 km away from Pudong International Airport and Hongqiao International Airport. In short, the transportation here is very convenient, be it by sea, by land or by air.

In the first three quarters of 2018, the park's sales revenue saw a year-on-year increase of 16.3 percent. The accumulated industrial output was up 15 percent, which is 14 percentage points faster than the municipal average. Newly inked investment totaled $670 million, exceeding the whole year's estimated volume by 50 percent. Enterprises' total profit surged by 34.6 percent while taxation grew by 61 percent. Once again, Shanghai Chemical Industry Park was rated as the top chemical park of 2018 in terms of general development.