[The world's largest steel air separation project has been launched]The largest single unit air separation project in the global steel industry, the liquefied air energy storage air separation project, has officially started construction in Zhangjiagang Metallurgical Park (Jinfeng Town). The project, funded by Air Liquide Group of France with a total investment of 150 million US dollars, will build a new 100000 level air separation unit, the largest and most advanced in the global steel industry, with an annual output of 1.34 million tons of oxygen, 2.39 million tons of nitrogen and other industrial gases. The project integrates advanced energy storage and air separation technologies, with a high degree of operational intelligence, and can achieve significant carbon reduction compared to traditional processes. On the day of construction, Air Liquide Group and Shagang Group also signed a low-carbon metallurgical strategic cooperation agreement. The two sides will deepen cooperation in four major areas: low-carbon technology research and development, energy optimization, supply chain collaboration, and talent exchange, and jointly promote the green transformation of the metallurgical industry. After the project reaches its production capacity, it is expected to increase annual sales revenue by approximately 1.5 billion yuan. Editor/Cheng Liting
On January 10, 2026, CATL's "Ningjia Service" Middle East's first experience center was opened in Riyadh, Saudi Arabia, which is also its largest overseas new energy aftermarket service facility. The center covers an area of over 7000 square meters and provides full lifecycle services such as battery diagnosis, maintenance, and recycling, covering seven major categories including passenger cars and energy storage systems, and is suitable for the high-temperature sand and dust environment in the Middle East. Relying on a localized certification team and a global spare parts network, it will radiate to countries such as the United Arab Emirates and Qatar, helping Saudi Arabia's "2030 Vision" and injecting momentum into the energy transformation of the Middle East.Editor/Bian Wenjun
On January 8, 2026, Saudi Basic Industries Corporation (SABIC) announced the sale of two major assets for 6.6 billion yuan (950 million US dollars), selling its European petrochemical business to Aequita for 500 million US dollars and its European and American engineering plastics business to Mutares for 450 million US dollars. The sale of assets covers multiple countries' pharmaceutical production bases and various polymer facilities, aiming to divest non core businesses, alleviate high cost pressures in Europe, concentrate resources on high profit areas and growth markets such as China, and optimize capital returns and cash flow.Editor/Bian Wenjun