On September 12, the Nanjing Chemical Exchange Management Co., Ltd. officially broke ground in the Nanjing Chemical Industry Park. This major project, backed by a total investment of approximately RMB 1 billion, is expected to boost Nanjing’s GDP by more than one percentage point in the coming years. With ambitious goals, the city aims to position itself as a key player in China’s chemical market, creating a new benchmark for trade and industry.
The company was established by a coalition of leading organizations, including the China National Petroleum and Chemical Industry Association, Nanjing Chemical Industrial Park Co., Ltd., Nanjing Yanjiang Industrial Development Zone, and various domestic and international enterprises. Chairman Ni Yinghui explained that the exchange will operate as a modern service enterprise, combining both physical and digital trading platforms to develop an innovative model for chemical transactions. Once fully operational, the market is projected to handle an annual transaction volume of up to RMB 30 billion. The construction is set to be completed within two years, with the target of achieving the full transaction scale within three years.
Under a strategic framework that balances tangible and intangible operations, centralized and decentralized management, traditional and modern approaches, and domestic and international collaboration, the project is designed to ensure efficient resource utilization and sustainable growth. This approach is expected to enhance the competitiveness of the chemical industry in Nanjing.
Xu Bin, the company’s president, highlighted the critical role of the Nanjing Chemical Industry Park in supporting the exchange. As a core hub for modern petrochemical development in China, Nanjing is home to over 1,750 large-scale petrochemical and related enterprises. The petrochemical sector remains the city’s largest industrial pillar. The planned annual transaction volume of RMB 30 billion by the Nanjing Exchange is not only expected to stimulate growth in key industries and their supporting sectors but also contribute significantly to the local economy. Furthermore, the project's focus on resource optimization and integration is seen as a crucial driver for adjusting and upgrading the regional industrial structure.
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