November 15 -- The Ministry of Industry and Information Technology (MIIT) released a 12th Five-Year Plan which encourages technological innovation in several industries, including the raw materials, equipment manufacturing, consumer goods and information technology sectors, reports stcn.com.
The plan calls for the steel industry, a pillar of the raw materials sector, to adjust its product mix, use advanced steel materials and preparation technologies, and focus on energy-efficient production processes.
The non-ferrous metals sector was encouraged to develop energy-saving and safe exploration techniques, especially in the smelting of aluminum and magnesium.
The plan also called on the non-ferrous metals sector to develop clean separation technologies for the tungsten, titanium, rare earth and related sectors.
The energy sector was encouraged to develop clean fuel technologies that meet the national Euro V-equivalent vehicle and fuel standards, and technologies that remove sulfur oxides and nitrogen oxides.
The chemicals sector was encouraged to develop environmentally-friendly techniques for the production of chlor alkali, calcined soda, yellow phosphorus, high-end dyes, and organic pigments.
In addition, the plan called on the chemicals sector to develop advanced gasification and coal to olefin techniques.
The construction material sector is to develop low carbon cement production techniques and is to focus on highly-efficient techniques for the deep processing of non-metal resources.
The new materials industry was encouraged to develop advanced production techniques for rare earth materials, rare metal materials, semiconductor materials, special steel and light alloys.
Home appliance converter techniques, HFCF alternative techniques and the application of solar energy in air-conditioners and refrigerators are to be developed. The home appliance industry was encouraged to develop recycling techniques for obsolete home appliances.
The textile industry was encouraged to commercialize multi-function chemical fibers.
Shares of Baosteel (600019.SH) were down 0.76 percent to trade at 5.24 yuan per share at 14:32 today.
Source:CapitalVue