Changxing Island accelerates development of world-class green petrochemical industrial base [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
NASDAQ:AMEX Investor Relations:
coscointl.com/en_ir_ho.asp
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Source: Yahoo! Finance
The high-end petrochemical new materials project by Liaoning Dingjide Petrochemical Co Ltd, a major supplier of polyolefin catalysts and chemical additives products, is rapidly progressing in the Changxing Island Economic and Technological Development Zone of Dalian Liaoning province. With a total investment exceeding 12 billion yuan $1.68 billion ), the project, which began construction in March, is poised to catalyze the growth of a green petrochemical industrial cluster on Changxing Island. As of October, a number of key buildings have entered the stages of decoration. Concurrently, essential public infrastructures such as water supply, power supply facilities, and operational docks supporting the project are progressing smoothly. A significant wharf project, symbolizing the full-scale inauguration of the hydrogen-based energy hub on Changxing Island, has also commenced construction. The project, funded jointly by the Dalian Xizhong Island Development Group, COSCO Shipping
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