Ministry of Industry and Information Technology and six other departments: Prioritize support for the renovation and upgrading of old facilities such as oil refining and ethylene

The Ministry of Industry and Information Technology and six other departments have issued the Action Plan for Accelerating the Renovation and Upgrading of Old Equipment in the Petrochemical and Chemical Industry (2026–2029). The action plan proposes that, when studying the layout of major petrochemical projects, priority should be given to supporting upgrades and improvements of old equipment for oil refining, ethylene, p-xylene, diphenylmethane diisocyanate (MDI), and coal-to-methanol. Provincial-level industrial and information technology authorities should, together with relevant provincial departments, establish and improve green channels, strengthen support for essential factors, and optimize the procedures for project filing (approval), environmental impact assessment, land use, water withdrawal, energy-saving review, carbon emission evaluation, and safety licensing, among others, to improve the efficiency of review and approval and speed up project implementation.