Hainan Dongfang Industrial Park [Photo/Hainan Daily]

Located in the southern part of the city of Dongfang, Hainan Dongfang Industrial Park was established in June 2011 with a total planned area of 46.2 square kilometers. It is one of the major industrial parks planned and constructed in Hainan province, as well as one of the two major chemical bases specified in the State Council's opinion on the construction of Hainan International Tourism Island.

The park boasts great geographic advantages and a convenient transportation system, as it is located in the Beibu Gulf Economic Circle, near the Pan-Pearl River Delta Regional Economic Cooperation Zone, the Great Southwest Regional Economic Cooperation Zone, and within easy reach of the Asia-Pacific Economic Circle and Southeast Asian countries.

The coastal waters are rich in natural gas and condensate oil resources. A 508-milimeter diameter submarine gas pipeline is directly linked to the park and supplies more than 2.4 billion cubic meters of natural gas annually.

The park is home to Basuo Port, a State-level port that is the main trading port in the Beibu Gulf Economic Circle.

The industrial development of the park is positioned as a new type of industrial base in port areas, mainly focusing on the industries of port logistics, oil and gas chemicals, fine chemicals, energy chemicals and energy reserves, low-carbon manufacturing, offshore engineering equipment manufacturing and maintenance, as well as cross-border trade.

The infrastructure construction of the park have been upgraded to meet the demands of the park's development, with an industrial water supply plant with a daily water supply of 100,000 tons, an industrial waste water treatment plant capable of treating 25,000 tons of waste water, as well as a 4 * 350 megawatt thermal power plant and a 150 megawatt wind power plant having been completed. Apart from dense road networks, one 10,000-ton and one 5,000-ton hazardous chemicals wharfs have been built in the park.

The park has been continuously improving its business environment and its services to investors. It actively provides comprehensive assistance services for all projects approved for entry into the park, as well as helps investors with related procedures for issues like project establishment, project construction, water, and electricity use.

Remarkable development achievements have been made in the park, which is home to 16 companies, including CNOOC Oil & Petrochemicals, and CNOOC Dongfang Petrochemicals, with nine of them listed as "enterprise above designated size", a statistical term used in China to refer to industrial enterprises with annual main business revenue of 20 million yuan ($2.84 million) or more.

In 2018, the total industrial output value of the park was 18.55 billion yuan, a year-on-year increase of 9.94 percent. The enterprises in the park contributed 605 million yuan to the municipal fiscal revenue, a year-on-year increase of 27.92 percent, driving the city's tax revenue to increase by 12.8 percentage points, accounting for 58.53 percent of the tax revenue. From January to May 2019, the total industrial output value of the park stood at 8.064 billion yuan.