Petrochemical industry is one of the leading industries in Zhejiang. It made 69.13 billion RMB in total output value, 67.9 billion in sales income, 65.7 billion in profit and tax and 31.3 billion in total profit in 2000, ranking among the first in terms of economic indicators.

Zhejiang is known for its fine chemical industry, leading China in the development and production of pesticides, dyestuff, fluorine chemicals, papermaking chemicals, biochemical preparations, freon substitutes and information chemicals. Zhenhai Lianhua Co., Ltd. has a capacity of comprehensively processing 12 million ton crude oil annually. Juhua Group has set up the largest fluorine chemical base in China, which provides fluorine raw materials, fluorine refrigerant and fluorine composite materials. There have set up two national-level fine chemicals bases in Huzhou and Taizhou, and two industrial parks, namely, Hangzhou Economic & Technological Development Zone Hi-tech Industrial Park and Shangyu Harbor Fine Chemical Industrial Park.

Focus for development:

1. Organic fluorine chemicals: Fluorine plastics, fluorine rubbers, ODS substitutes, fluorine intermediate agents and fluorine fine chemicals.

2. Highly-efficient low-toxic safe insecticides, bactericides and weedicides; trace amount trap-and-kill pesticides and new preparations.

3. Organic silicon product series: silicon oil, silicone rubber and silicone fine chemicals

4. New-type engineering plastics, plastic alloy, functional high polymer materials, high polymer materials that are modified using nanometer materials and special rubber products.

5. New-type biochemical products, information products and special chemicals.

Technologies for waste treatment and comprehensive utilization of resources and energy saving technologies in chemical industry.