[Hengjianxin ultra precision alloy shaft rod project starts construction in Taizhou]The key industrial project of Taizhou City - Hengjianxin High straightness Ultra precision Alloy Shaft and Rod Project has officially started construction in Xinghua High tech Zone, Dainan Town. The total investment of the project is 500 million yuan, with a land area of about 50 acres and a planned new factory building of about 80000 square meters. After completion and production, it will have an annual production capacity of 50000 tons of high straightness ultra precision alloy shaft rods, which can cover multiple high-end application fields such as semiconductor equipment, high-end equipment manufacturing, military support, and liquid cooling accessories for computing power centers. Editor/Cheng Liting
On September 15, 2026, the Qatar BH EPIC project of China National Offshore Oil Corporation (CNOOC) started construction in Qingdao. This is the highest international offshore oil and gas engineering general contracting project in China to date, with a total amount of approximately 4 billion US dollars. The project includes more than 60 offshore oil and gas facilities, 40 submarine pipelines and cables, and a total steel processing capacity of over 130000 tons. During the 14th Five Year Plan period, CNOOC Engineering has undertaken over 170 overseas projects, and its global competitiveness in high-end offshore engineering contracting continues to improve. Editor/Cheng Liting
On September 14, 2026, Nigeria's Dangote Refinery officially launched a public IPO, issuing 4.1 billion shares at 525 naira per share, fully subscribing to raise 2.15 trillion naira. The funds will be used to double the refining capacity to 1.4 million barrels per day. Previously, a $2.5 billion institutional private placement was completed in July, and the public subscription period for this time is until October 13th, with a minimum subscription threshold of 10 shares. For overseas Chinese enterprises in petrochemical equipment and engineering, they can follow up on the subsequent expansion and procurement process by combining the already established process cooperation directions. Editor/Cheng Liting