Shandong plans to increase operating revenue of its chemical industry to around RMB2.9 trillion in 2024, when high-end chemical sectors’ operating revenue is expected to account for approximately 52% of its chemical industry’s total, as detailed in Opinions on 10 Actions to Promote High-quality Development of Industrial Economy the province issued recently. Further, the new document calls for stimulating high-quality development of chemical parks, speeding up optimization of refining and chemical industry layout, orderly reducing and integrating coking capacity, etc.