[Sinopec and TR joint venture wins large-scale project in Kazakhstan] Recently, the joint venture between Sinopec and Spain's Tecnicas Reunidas successfully won the favor of the leading consortium of Kazakhstan National Oil and Gas Company and won a major contract to develop a large-scale cracking unit. With a total investment of up to 2.3 billion euros, the two companies will contribute 50% to the construction of an ethylene production plant with an annual capacity of 1.3 million tonnes, which is expected to be completed by the end of 2028. As part of the polyethylene production complex in Kazakhstan, the plant will use natural gas as a feedstock to promote the development of the local petrochemical industry. In addition, Lummus Technology of United States was selected as the technical service provider of the project to ensure technological advancement and production efficiency. Editor/Jiang Mingyue

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• 2025.12.12 17:31
• [State owned enterprise Xiong'an Science and Technology Innovation]
• As a landmark project undertaken by a state-owned energy enterprise to relocate non capital functions in Beijing, Xiong'an Science and Technology Innovation Park has officially started construction. This project focuses on building a new energy system, aiming to create an innovative highland that integrates technology research and development, achievement transformation, and industrial incubation. The project will deeply integrate various clean energy sources such as geothermal and photovoltaic, create a nearly zero carbon demonstration park, and plan to introduce national innovation platforms and high-end talents, focusing on cutting-edge fields such as smart energy and hydrogen energy. This move is not only an important measure for central enterprises to serve the construction of Xiong'an New Area and implement the "dual carbon" goals, but also a powerful push for the high-end, intelligent, and green development of the energy industry in the new area, injecting strong impetus into the creation of a world-class green and smart new city.Editor/Bian Wenjun

• 2025.12.12 17:30
• [Kaiping International Wealth Plaza lays foundation and starts construction]
• The groundbreaking ceremony for the Kaiping International Wealth Plaza project, with a total investment of 180 million yuan, officially kicked off the construction. This project is undertaken by China Construction Third Engineering Bureau and is one of the key projects promoting the "High Quality Development Project of Hundred Counties, Thousand Towns, and Ten Thousand Villages" in Kaiping City. The project is located in Sanbu Street, Kaiping City, with a total construction area of approximately 32000 square meters. It will build a 15 story hotel and a 7-story office building, as well as a commercial podium. After completion, it will integrate accommodation, business, catering, and entertainment, becoming another important urban commercial complex and new landmark in Kaiping City. The commencement of this project will not only effectively enhance the quality of urban functions and meet the diverse consumption needs of citizens, but also provide a large number of job opportunities for the local area, injecting new vitality into the high-quality development of the economy in Kaiping city.Editor/Bian Wenjun