Ministry of Industry and Information Technology and six other departments: By 2029, the renovation and upgrade tasks for outdated petrochemical and chemical installations, which were already determined for 2025 in various regions, will be fully completed.

People’s Finance Network, April 3—The Ministry of Industry and Information Technology and six other departments issued the《Action Plan to Strengthen the Replacement and Upgrading of Aging Units in the Petrochemical and Chemical Industry (2026—2029)》. The action plan states that by 2029, the aging unit replacement and upgrade tasks in each region that were already identified in 2025 will be fully completed; replacement and upgrade tasks newly identified after 2026 will be advanced according to plan; safety and environmental risks associated with aging units will be significantly reduced; coordinated efforts to reduce pollution and cut carbon will achieve positive results; the proportion of capacity exceeding benchmark levels will increase substantially; and the levels of both intelligentization and greening will be significantly improved. A long-term working system that continually improves through annual rolling assessments and ongoing upgrades will be further refined, and the effects of standards-driven leadership and policy coordination will be further strengthened.