90 billion yuan in petrochemical projects settled in Fuzhou
On December 11th, Fuzhou City cooperated with central enterprises on project cooperation and signing ceremony in Beijing. 18 Central Government-affiliated companies have signed 21 large-scale projects with Fuzhou, with a total investment of 225.6 billion yuan, of which petrochemical projects have an investment of nearly 90 billion yuan. The participating petrochemical projects include CNPC Fujian Liquefied Natural Gas receiving station project with a total investment of RMB 12 billion, CNOOC Bohai Petroleum Equipment Company’s oil and gas transmission steel pipe manufacturing project with a total investment of RMB 1 billion, and Sinopec Fujian Regional Headquarters Project with a total investment of RMB 2 billion. A total investment of 20 billion yuan Shenhua Group coal-electricity integration project, a total investment of 33.8 billion yuan Huadian Group Corporation Fuzhou Energy Project, a total investment of 20 billion yuan China National Chemical Engineering Corporation caprolactam project, a total investment of 600 million yuan in the Chinese Academy of Sciences Guangzhou Lithium Battery Separator New Materials Project, Institute of Chemistry. "On December 9th last year, we signed a cooperation project with Fujian. After one year, we will cooperate again. It is also a decision that we need to make to adapt to the rapid development of Sinopec's business in Fujian," said Fu Chengyu, chairman of Sinopec Group. The distinctive features of this signing are: petrochemicals, equipment manufacturing, energy, and many other projects, and many of them are strong projects with strong mobilization and significant support. Prior to this, Fujian Province established a joint task force for central enterprises to coordinate with central enterprises. According to the person in charge of the Economic Commission of Fuzhou City, leveraging large projects, especially a group of central enterprises that promote and radiate strong central bank projects, will help reverse the “imbalance, imbalance, size, and industrial chain†existing in the past economic structure of Fuzhou. "Failed" situation, Fuzhou's future power will be greatly enhanced.
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