[Sinopec Luoyang million tons of ethylene project started] On May 27, 2023, Sinopec Luoyang One Million Ton Ethylene Project and Green Petrochemical Advanced Materials Industrial Base started construction in Luoyang. The project approved a total investment of 27.8 billion yuan, and plans to build 13 sets of main production units, including 1 million tons/year ethylene unit, 150,000 tons/year butadiene extraction unit, 600,000 tons/year pyrolysis gasoline hydrogenation unit, etc. As well as supporting public works and auxiliary facilities, adaptive transformation of oil refining will also be implemented simultaneously. The project is scheduled to be completed and put into operation in December 2025. Edit/Ma Xue

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• 2026.06.04 15:05
• [Yondr locks in power for European and American data centers]
• Yondr Group, a global developer of ultra large scale data centers, has completed two new financing rounds, consisting of a global letter of credit instrument and a European holding company financing instrument, respectively used to lock in power capacity for European and American projects and reduce leverage on European platforms. The current power generation has become a core bottleneck in data center development, and the surge in demand for AI and cloud computing has intensified this competition. The two financing rounds were participated by multiple institutions such as French Foreign Trade Bank, BNP Paribas, and IFM Investors, providing capital ammunition for Yondr's continued expansion. Editor/Cheng Liting

• 2026.06.04 15:04
• [Hong Kong's first visit to Central Asia, signing seven cooperation agreements]
• Hong Kong Chief Executive Carrie Lam led 40 business leaders and 30 representatives of mainland enterprises to visit Kazakhstan, marking the first visit of the Chief Executive to Central Asia and receiving a high-level reception from President Tokayev. The two sides signed seven cross disciplinary agreements covering fields such as science and technology innovation, finance, and information technology, connecting the cooperation channel between the Hong Kong Stock Exchange and Astana International Financial Center. As the first place of the the Belt and Road and the largest trading partner of Hong Kong in Central Asia, Kazakhstan is accelerating its industrial transformation. Editor/Cheng Liting