[China's Sinochem 240,000 tons/year polyether polyol project officially started]It was learned on January 29 that recently, Sinochem Dongda 240,000 tons/year polyether polyol project held a groundbreaking ceremony in Quanhui Petrochemical Industrial Park, Quanzhou City, Fujian Province, marking the entry of the project into the construction phase. Sinohua Dongda (formerly Shandong Bluestar Dongda Co., LTD.) is a leading enterprise in China's polyurethane industry. Its polyether polyols are mainly used in automotive interior, high-speed rail seats, track expansion joints, spinning oils, UV curing, electronic adhesives and other high-end fields. Sinochem Quanzhou Petrochemical Co., LTD is a large-scale petrochemical enterprise integrating petrochemical refining, storage, transportation and sales. The 240,000 tons/year polyether polyol project is a key project of Sinochem's "14th Five-Year Plan" strategic plan, which will rely on Sinochem Quanzhou Petrochemical's 200,000 tons of propylene oxide plant to accelerate the release of the "wall effect" of the industry, build an intensive and efficient green industry chain, and improve the frequency and efficiency of upstream and downstream R&D collaborative innovation. The project is expected to achieve the conditions of China Transportation by the end of 2024, and put into trial production in early 2025. After completion, it will further expand the competitive advantage of Sinochem East University in the differentiated and high-end polyurethane market, expand its coverage in South China and Southeast Asia markets, and become an important part of the transformation and upgrading of Chlor-alkali Division and Sinochem to build a world-class polyurethane industry chain. Editor/Xu Shengpeng
The first ultra-high voltage project in Shanghai during the 15th Five Year Plan period, the main transformer expansion project of Liantang 1000 kV substation, has recently started construction. As the core hub for East China Power's entry into Shanghai, the project has a total investment of 350 million yuan and is planned to be put into operation in June 2027. It will add 3 million kVA main transformers and increase Shanghai's external power receiving capacity by 50%. This expansion will be connected with the Mongolian Electric Power's Shanghai Ultra High Voltage Direct Current Project, which is expected to introduce 40 billion kilowatt hours of clean electricity from Inner Mongolia annually, with green electricity accounting for over 50%.Editor/Cheng Liting
Uzbekistan's President Mirziyoyev signed a decree officially establishing the Tashkent International Financial Center and the International Commercial Court. The center covers the entire financial chain including banking, investment, securities, digital assets, and Islamic green finance, and is subject to special legal systems. The central management agency has the authority to issue normative documents in multiple fields and directly apply the principles of English common law and equity in the Ukrainian legal system for the first time. The commercial court has two levels of first instance and appeal, providing new legal protection for international capital.Editor/Cheng Liting