During the Eleventh Five-Year Plan period, under the guidance of Scientific Outlook on Development, Shanghai Petrochemical will continue to adhere to the development goal of "creating a first-class domestic and striving for international advanced, and building a modern petrochemical enterprise with international competitiveness", adhere to the development path of combining connotation and extension, pay attention to connotation development, fully implement the low-cost strategy, and accelerate the construction of structural adjustment projects. By 20 10, Shanghai Petrochemical will be built into a comprehensive crude oil processing capacity of 65,438+200,000 tons/year, ethylene processing capacity 1 10,000 tons/year, synthetic resin and plastic products processing capacity of 950,000 tons/year, and chemical fiber raw materials and synthetic fibers.