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According to reports, the new chemical city plan to invest more than 35 billion yuan, plans to build within 5 years. By then, Wuhan Chemical New City will become the largest petrochemical sector in Central China.
A major plan concerning the development of the modern manufacturing industry in the Hubei chemical industry—the plan for Wuhan Chemical New City planning was passed by experts from the Planning Committee of Wuhan City on August 2nd. The planned new chemical city will rely on Sinopec's annual production of 800,000 tons of ethylene projects, based on existing ports and railways, and focus on the development of ethylene-related industries to form a chemical industry and chemical logistics cluster.