Tianjin Bohua’s “Two Chemicals” relocation and transformation project is a major decision made by the Tianjin Municipal Party Committee and Municipal Government to build “Beautiful Tianjin, Safe Tianjin”, optimize the layout of Tianjin’s petrochemical industry, resolve safety and stability risks, and achieve energy conservation, emission reduction, and environmental improvement. The Binhai New Area is an important measure to develop the environment, expand the development space, and promote the development and opening of the Binhai New Area and the construction of a world-class petrochemical base in the Nangang Industrial Zone. The project was filed on February 3, 2016, with a total investment of 29.4 billion yuan. The project gives full play to the integrated advantages of “port and chemical”, actively utilizes both “international and domestic” resources, deeply promotes the “diversification, light-weight, and low-carbon” olefin raw material route, highlights intelligent manufacturing, and will transform and upgrade traditional advantageous industries and develop modern The petrochemical industry is organically integrated, taking the road of high-end differential development, focusing on the development of two major product chains, methanol-to-olefins and light hydrocarbon cracking to ethylene, and building a modern high-end petrochemical industry cluster.