Hainan has unveiled an ambitious action plan to propel the output value of its petrochemical new material industry to surpass 160 billion yuan by the year 2027. The strategy emphasizes the cultivation of a comprehensive "oil-to-chemicals-to-new-materials" industrial chain. This includes the expansion of the olefins and aromatics sectors, as well as forays into specialized polyesters and biodegradable materials. Additionally, the plan advocates for the enhanced utilization of natural gas chemicals to foster a more sustainable and diversified industrial landscape.