Zhang Jinhai, a deputy to the 13th National People's Congress, submitted a motion about building a national petrochemical industry base in Dongying city, Shandong province during the third session of the 13th NPC.
Weihai has made significant headway in the development of its marine economy over the past few years, according to Zhang.
On May 7, a designated delivery storage facility for crude oil futures, licensed as the nation's first port enterprise of its kind, was launched at a ceremony at the Dongjiakou Port Area.
HMM Algeciras, the largest container vessel on earth with a TEU (20-foot equivalent unit) capacity of 24,000, started its maiden voyage from the port of Qingdao in eastern China's Shandong province on Sunday.
Shandong Port Group reported considerable increases in both cargo and containers from January to March this year, despite the coronavirus epidemic.
The Yantai Area of the China (Shandong) Pilot Free Trade Zone is stepping up efforts to develop a marine economy by taking advantage of its natural environment.
Shandong Port Group, which has integrated the major ports in the province, including Qingdao Port, Yantai Port, Rizhao Port, and the Bohai Bay Port Group, said that its throughput has continued to increase as economic activity picks up.