Our country is in the stage of accelerated development of industrialization and urbanization, and some petroleum and chemical products still have a lot of room for growth. Private enterprises should find a good entry point and fully participate in the development of the petrochemical industry.Refined oil, potash fertilizer and other subdivided industries, olefins, some organic raw materials and other products with large gaps, natural gas, light hydrocarbons and other low-carbon new materials, new special chemicals and other high-end products will be areas with greater room for growth during the “Twelfth Five-Year Plan” period.In the downstream petrochemical industry, high-end organic raw materials, synthetic resins, synthetic rubbers, coal-to-natural gas, etc. should be developed during the ”Twelfth Five-Year Plan" period, and the backward production capacity of traditional coal chemical industry should be accelerated.During the ”Twelfth Five-Year Plan" period, the scale of the petroleum and chemical industries will continue to grow steadily, and the average annual growth rate of the total output value will reach more than 10%.By 2015, the total output value of the industry will grow to about 16 trillion yuan.In the past ten years, China's petroleum and chemical industry has grown by an average annual rate of 20.6%. By the end of 2010, the total output value of the petroleum and chemical industry had reached 8.88 trillion yuan.At present, our country's industrialization process has not yet been completed, and urbanization is in a period of rapid development. The development of housing and transportation has formed a large-scale demand for energy and raw materials. There will still be a lot of room for development in the petroleum and chemical industries for a long period of time in the future.Petrochemical and chemical industry are key areas supported by the state.Specifically, during the ”Twelfth Five-Year Plan" period, petrochemical focused on the development of technologies such as residual oil boiling bed hydrogenation, suspended Bed hydrogenation, flexible coking, and heavy oil catalytic cracking, clean fuel technology that meets national standards, catalytic cracking flue gas desulfurization and denitration technology, ethylene plant cracking, separation, cryogenic, distillation and other advanced control and optimization technologies and comprehensive utilization technologies of by-products, aromatics production technology, synthetic resin, synthetic rubber high-performance technology, special synthetic fiber production technology, new molecular sieve materials, catalyst carriers and preparation new technologies, etc.