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Old June 17th, 2005, 11:44 AM   #1
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Shanghai Chemical Industry Park (SCIP) U/C


Current Status:

Phase I completed (Scheduled to be completed by the end of this year, ahead of schedule now), finished investment of USD 20 billion.

Phase II started.


  Shanghai Chemical Industry Park (SCIP) lies at the north coast of Hangzhou Bay with the total planning area of 29.4 square km. SCIP is one of the industrial projects with the highest investment in China during the 10th Five-year Plan period (2001-2005). The aggregate capital investment for the Phase 1 program is RMB150 billion(about USD 20 billion). It is the first industrial zone specialized in the development of petrochemical and fine chemistry businesses, and also one of the four industrial production bases in Shanghai. The industrial output of SCIP will achieve RMB 100 billion(USD 12.5 billion) annually after all approved projects have gone into operation. SCIP gains a high reputation as the "Wing of Industrial Take-off of Shanghai".

   Shanghai Chemical Industry Park is built with advanced development conception of World-Class and large-scaled chemical park. It is to provide investors in the Park with best investment environment by combination of production projects, public utilities, logistics, environmental protection and administration services. Up till now, BP, BASF, Bayer, Degussa, Huntsman, SUEZ, Vopak, AIR LIQUIDE, Praxair and other world-famous multinational petrochemical and utilities corporations have started up their projects in SCIP with an aggregate investment of USD 8.82 billion. SCIP is set out to be the best in Asia and one of the largest and the most integrated and advanced world class petrochemical bases.

   Shanghai Chemical Industry Park is located in the south of the city, on the boundary between Jinshan and Fengxian districts. With the A4 exprssway connecting Shanghai-Nanjing and Shanghai-Hangzhou Expressway network, it is only 45-minute drive from downtown to Site, which is 60km away. There are local railway lines for exclusive use in SCIP connecting 113km Pudong Railway (Fengxian-Pudong Airport-Zhangmiao). SCIP joins Huangpu river and Changjiang River water system through dredged inner river channel system. Apart from the existing jetty, SCIP is only 55km from the Yang Shan deep-water container port which is still under the construction. With only 50km from Pudong International Airport and Hongqiao International Airport respectively. SCIP, boasting of convenient transportation conditions by sea, by land and by air, will provide investors in the Park with best transportation services.
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