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Ningbo Petrochemical Economic and Technical Development Zone opened

On the afternoon of July 27, the Party Working Committee of Ningbo Petrochemical Economic and Technical Development Zone and the Administrative Committee of Ningbo Petrochemical Economic and Technical Development Zone were founded, indicating the official opening of this national economic and technical development zone.

Reportedly, Ningbo Petrochemical Economic and Technical Development Zone is the successor of Ningbo Chemical Zone, and it is today the only petrochemical industrial zone in Zhejiang. Since 2003 when the large scale development started, , the zone has initially formed its development mode featured for resource saving, clean production and environment friendliness. It is praised by famous chemists as one of the few first class chemical parks in China.

At present, Ningbo Petrochemical Economic and Technical Development Zone has over 40 famous Chinese and foreign chemical enterprises like Zhenhai Petrol Refining and Chemical Company, Akzo Nobel and LG, with its annual output exceeding 100 billion yuan, ranking the top three among the development zones in Zhejiang. Since 2008, the zone was appointed a national new chemical material base by the National Development and Reform Commission, a national high and new technological base by the Ministry of Science and Technology, and a national demo new chemical industrial base by Ministry of Industry and Information Technology. On December 30, 2010, at the approval of the State Council, it was upgraded to be a national economic and technical development zone.

It is learned that the Administrative Committee of Ningbo Petrochemical Economic and Technical Development Zone is an agency of Ningbo Municipal Government, and under the authorization of Ningbo Municipal Government, it has a city-level economic administrative authorization and the county-level social administrative authorization.

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