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09:10 2024.02.27

Aixu Corporation plans to invest in a 9.9 billion yuan solar cell project

On February 25, 2024, Aixu Corporation announced that it plans to invest 9.978 billion yuan in the construction of a 10GW high-efficiency crystalline silicon solar cell and module project. This project is the first phase of the "Aixu Solar Energy Efficient Battery Module Project Strategic Cooperation Agreement" signed between the company and the Jinan Municipal People's Government in April 2023. The construction period of the project is about 15 months, and it is planned to start construction in the first quarter of 2024 and put into operation in the first half of 2025. After the project reaches full production capacity, it will add a globally leading 10GW N-type ABC high-efficiency solar cell and 10GW module production capacity. Editor/Zhao E

17:20 2024.02.26

The Hydropower Infrastructure Bureau won the bid for the Laos hydropower station

Recently, the Hydropower Infrastructure Bureau won the bid for the curtain grouting project of Laos Nantun 1 hydropower station phase II. Lao Lao Nam Tun 1 Hydropower Station project is located in central Laos, Polykanthai province, the total length of the project is 163 kilometers, 33 kilometers upstream from the Mekong River conjunction, is the last stage of the cascade hydropower station in the Nam Tun - Nam Katine basin, the barrage dam is rolled compaction concrete dam, the maximum dam height of 177 meters, can store about 3 billion cubic meters, the total installed capacity of 650 megawatts, The main investor is a Thai company, and most of the electricity generated will be exported to Thailand. Construction of the power station began in October 2017, all units were put into production in June 2021, and commercial operation was officially entered in October 2021. The maximum height of the main dam of the power station is 85.5 meters, the total storage capacity is 651 million cubic meters, and the total installed capacity of the power station is 2×80 megawatts, and the average annual power generation is 633 million KWH. Editor/Xu Shengpeng

17:20 2024.02.26

China Communications Guangzhou Airlines won the bid for the Maldives project

CCCC Guangzhou Airlines won the bid for the Digufaru Resort Hotel reclamation project on Nunu Atoll in the Maldives to achieve the "open door" operation in overseas markets. The winning bid of the project is a vivid embodiment of the company's resolute implementation of the business philosophy of "ensuring the market on the spot and seeking development by the market". In 2023, the company won the Maldives Slavs Phase II land reclamation project, which is the first project that the company faced the competition of European dredging enterprises in the Maldives national market and won the landing, laying a solid foundation for the company to continue to operate in the Maldives market. Editor/Xu Shengpeng

17:45 2024.02.23

Jiangsu Yuguang Complementary New Energy Project Starts

On February 22, 2024, the groundbreaking ceremony was held for the 940MW fishery photovoltaic complementary power generation project in Ganyu District, Lianyungang City. This project is currently the largest fishery photovoltaic complementary new energy project in Jiangsu Province. The total investment of this project is about 5.43 billion yuan, which is divided into Dongshang 280MW, Dongshang 360MW, and Dongyu 300MW complementary photovoltaic power generation projects. At the same time, two new 220kV booster stations will be built as supporting facilities. The project fully utilizes the water area of fish ponds, combines photovoltaic power generation with fishery aquaculture, and forms a composite industrial model of "water power generation and underwater aquaculture". The economic value of unit land area has significantly increased, creating a "new sample" for the development of clean energy. By the end of September 2024, the project will achieve full capacity grid connected power generation. After completion, the annual total power generation is expected to reach 1.609 billion kWh, saving 496400 tons of coal annually and achieving sales revenue of 629 million yuan. Editor/Zhao E

17:42 2024.02.23

Turkey Energy storage and wind power plant agreement

On Wednesday (February 21), Turkey's Progresiva Energy Investment signed an agreement with Chinese power plant equipment manufacturer Harbin Electric International Engineering Co., LTD. (HEI) for the construction and financing of power storage facilities and wind farms. Turkish Vice President Jeffdet Yilmaz said at a ceremony in Ankara that the project will include the largest energy storage facility in Europe, with a total investment of $600 million. Yilmaz said the initial phase of investment has reached $375 million. About $300 million of this will be sourced from China through companies based in Harbin, while the remainder will be financed through equity by Progresiva. Sami Alslanhan, chairman of the board of directors of Kontrolmatik, Progresiv's main shareholder, said the investment would be made in two phases. The investment size of 1,000 MWH storage facilities will be between $350 million and $375 million, while the investment size of 250 MW wind farms will be about $250 million. Editor/Xu Shengpeng

17:41 2024.02.23

Construction of a river bridge in the Cambodian capital has begun

Phnom Penh, February 20 (Xinhua) -- The construction of the Cambodian Pachta Long Bassa River Bridge project undertaken by Chinese enterprises was held in Phnom Penh, the Cambodian capital, on the 19th. Cambodian Prime Minister Khon Manay said at the ceremony that China has all along provided a lot of support for Cambodia's economic and social development, and attaches great importance to helping Cambodia develop transportation infrastructure. So far, China has used various funds to build more than 10 Bridges for Cambodia, for which the Cambodian government and people are grateful. The year 2024 is the "Year of People-to-people and Cultural Exchanges" between China and Cambodia. Cambodia is willing to work with China to continue to promote the development of bilateral economic and trade cooperation, expand friendly exchanges in various fields and promote the recovery of tourism. The Paeta Lombassa River Bridge project is located in the south of Phnom Penh city, with a total length of 1,650 meters. The project is designed with four lanes in both directions, with two motorcycle lanes and two footpaths. The project will be constructed by Shanghai Construction Engineering Group Co., LTD., with preferential export buyer's credit provided by the Export-Import Bank of China, and is scheduled to be completed and opened to traffic in 2027. Editor/Xu Shengpeng

15:53 2024.02.23

Fujian Xianyou Mulan Pumped Storage Power Station Project Starts

On February 20, 2024, the construction of the Mulan Pumped Storage Power Station project in Xianyou, Fujian officially began. This project is located at the junction of Shexing Township and Caixi Township in Xianyou County. The construction content mainly includes an upper reservoir, a lower reservoir, a water conveyance system, an underground power plant, a tailwater system, transportation roads, and mechanical and electrical installation. It is the first in South China and the second in the country to use small diameter TBM equipment to excavate long underground power plant tunnels. The plan is to install four reversible water pump turbine generators with a single unit capacity of 350000 kilowatts, resulting in a designed annual power generation of 1.4 billion kilowatt hours A pumped storage power station with an annual pumping capacity of 1.867 billion kilowatt hours and an annual power generation utilization hours of approximately 1000 hours. Editor/Zhao E

17:54 2024.02.22

Cangnan No. 1 offshore wind power phase II expansion project started

On February 18, 2024, the province's "thousand trillion" major projects were started and put into operation. Among them, seven projects in Cangnan County were started and put into operation, with a total investment of 55.8 billion yuan, accounting for 61.5% of the city, and the number of participating projects and total investment ranked first in the city. Among them, the construction projects include Cangnan No. 1 offshore wind power Phase II expansion project, which is located in the eastern sea area of Cangnan County, Zhejiang Province, with a total investment of 3 billion yuan. The construction content mainly includes 1 offshore boost station, 1 onshore centralized control center, 1 220kV submarine cable and 66kV internal collector lines, and 24 single-unit 8.5MW wind turbines are installed. Total installed capacity 204MW. After the project is put into operation, the annual on-grid electricity will reach 740 million KWH, which will support Zhejiang Province to achieve the goal of "carbon peak and carbon neutrality" with high quality, which is of great significance for adjusting the energy structure, reducing environmental pollution and promoting local economic development. Editor/Xu Shengpeng

17:54 2024.02.22

LOT3A of Ibadan Urban Flood Control Improvement Project, Nigeria

Recently, the Nigeria subsidiary of China Road and Bridge successfully signed the commercial contract for the Lot3A section of Ibadan urban flood control renovation project. The project is funded by the World Bank, and the implementation of the 5.8km river rehabilitation project includes 600,000 fill excavation, 150,000 stone excavation, 25,000 square meters of concrete, as well as the demolition and construction of 3 Bridges, the construction of 1 box culvert, and other ancillary works such as community culverts and maintenance ramps. After the completion of the project, it will greatly improve the ability of communities on both sides of the river to withstand flood disasters, and has great significance for improving the livelihood and ecological environment of the surrounding areas. This project is the adjacent lot of Lot4A and Lot4B of Ibadan urban flood control Renovation Project signed by the company in October 2022. Editor/Xu Shengpeng

09:09 2024.02.22

China Datang and China COSCO Shipping Group sign a cooperation agreement

On February 21, 2024, China Datang Group Co., Ltd. and China COSCO Shipping Group Co., Ltd. signed a strategic cooperation agreement in Beijing. Both parties will take the signing of this strategic cooperation agreement as an opportunity to further strengthen strategic communication and docking on the basis of existing cooperation, fully utilize their respective resource advantages, and carry out comprehensive and in-depth cooperation in global industrial and supply chain construction, digitalization, international business, enterprise management, etc., continuously improving the core competitiveness and sustainable development ability of the enterprise, and promoting cooperation between the two sides to new heights, Jointly contribute to the construction of Chinese path to modernization. Editor/Zhao E

17:15 2024.02.21

CNNC Xinjiang Grid Energy Storage Project Bidding

On February 20, 2024, the bidding and construction drawing stage survey and design bidding announcement for the 500000 kW/200000 kWh grid energy storage project in Xinhua Ush was released. The project will construct a total of 500MW/2000MWh grid type energy storage, including 250MW/1000MWh lithium iron phosphate energy storage and 250MW/1000MWh all vanadium liquid flow energy storage. The administrative division of the proposed energy storage station is under the jurisdiction of Ush County, Aksu Prefecture, Xinjiang. Editor/Zhao E

14:59 2024.02.21

Jinneng Holdings 100MW wind power project approved

On February 21, 2024, Tongbao Energy, a listed company under Jinneng Holdings Group, announced that its investment in the construction of the Shuozhou Pinglu Gaojiayan Phase IV 100MW wind power project has been approved by the Shuozhou Administrative Approval Service Management Bureau. It is reported that the planned installed capacity of this project is 100MW, and a single wind turbine with a capacity of 5000kW will be used. A total of 20 5000kW wind turbines will be installed, and a new 220kV booster station and its corresponding supporting facilities will be built. The total investment of the project is 568.8143 million yuan. Editor/Zhao E

15:14 2024.02.20

Anhui Suzhou 110kV Transmission and Transformation Project Approved

On February 19, 2024, the Zhupeng 110kV transmission and transformation project in Suzhou, Anhui was approved. One new 110kV substation will be built in this project, with an additional transformer capacity of 2 x 50000 kVA; Two 110kV outgoing lines and eight 35kV outgoing lines; 12 10kV outgoing lines; Newly built 110kV overhead lines with a path length of approximately 14.6 kilometers and double circuit installation; The length of OPGW optical cable installed in communication engineering is about 29.2 kilometers; Expansion of 4 110kV intervals within Kuihe substation. The estimated total dynamic investment of this project is about 81.8 million yuan, of which the static investment is about 80.4 million yuan. Editor/Zhao E

17:29 2024.02.19

Xingan League wind power hydrogen to methanol integration project

On February 7, the Administrative Office of Xingan League of Inner Mongolia signed a cooperation development agreement with CGN Wind Power Co., LTD., and China Chemical Construction Investment Group Co., LTD., on the integration project of hydrogen and methanol production from 2 million kW wind power of Xingan League of CGN. CGN Xingan League 2 million kW wind power hydrogen to methanol integration project with a total investment of about 16 billion yuan, the annual production of green methanol about 800,000 tons. The first phase of the 1 million kilowatt wind power project is planned to be implemented in 2024-2025, with an annual output of about 400,000 tons of green methanol. This is after the largest onshore wind power base in China - CGNN Xingan League 3 million kW wind power project to achieve full capacity grid, CGNN once again chose to carry out in-depth cooperation with Xingan League in the field of clean energy. Wind energy available resources up to 20 million kilowatts, the average annual utilization time of more than 2800 hours... Lingshang Xingan League, with rich "scenery" resources, provides unique development advantages for the new energy industry, deeply attracted the CGN energy industry giant, across 3,000 kilometers of mountains and rivers, in Xingan League began the "wind chase" journey. Editor/Xu Shengpeng

17:29 2024.02.19

Eight new energy projects were scrapped in Inner Mongolia

Recently, the Inner Mongolia Energy Bureau issued the "Announcement on the abolition of the second phase of the new energy" in the region. In order to fully implement the market-oriented new energy project "can enter, can exit" mechanism, enterprises can at any time declare market-oriented new energy projects, can also apply at any time to abolish the approved but difficult to promote market-oriented new energy projects, to avoid the new energy projects that cannot be implemented to occupy land and other resources. According to the work arrangement, the market-oriented grid-connected new energy projects abolished in the league cities from November 1, 2023 to January 31, 2024 were announced, and a total of 1.77GW of new energy projects were abolished. Editor/Xu Shengpeng

10:52 2024.02.19

Hebei 450000 kilowatt photovoltaic project construction land approved

On February 18, 2024, the Marine Bureau of the Department of Natural Resources of Hebei Province issued an approval for the construction land of the 1 million kilowatt wind and solar power (450000 kilowatt photovoltaic power generation in Datang Yangyuan) project in Weixian, Zhangjiakou. According to the approval, it is agreed to convert and expropriate 2.3855 hectares of non arable collective agricultural land, which will be used as land for the construction of the Datang Yangyuan 450000 kilowatt photovoltaic power generation project through transfer. Editor/Zhao E

18:09 2024.02.18

21 major projects in Hangzhou have started production

On the morning of February 18, 2024, Zhejiang Province held the 2024 "Thousand Trillion" Major Project Concentrated Start Production and Operation Event. In this Zhejiang Province "Thousand Trillion" Major Project Concentrated Start Production and Operation Event, Hangzhou City has a total of 21 projects with a total investment of 67.78 billion yuan. Among them, there are 14 newly started projects with a total investment of 29.68 billion yuan, 5 production projects with a total investment of 16.36 billion yuan, and 2 operational projects with a total investment of 21.74 billion yuan. Editor/Zhao E

18:03 2024.02.18

Guangxi Fangchenggang Economic Development Zone has signed three new projects

On February 18, 2024, it was reported that the Fangchenggang Economic Development Zone held a project signing ceremony, with a total investment of 5.548 billion yuan for three newly signed projects. This signed project involves industries such as food processing, new material processing, and photovoltaics. It is understood that the Yousha Bean Food Industry Park project signed this time is planned to cover an area of 1000 acres with a total investment of 5 billion yuan. It is planned to build Yousatou Edible Oil Park, Yousatou Beer Park, Yousatou soybean milk Park, Yousatou Baijiu Park, Yousatou Health Products Park, Yousatou Medicine Park, and Popular Science Teaching and Research Base in the park. After the completion of the project, about 700 people will be employed. The contracted 5000 tons/year methylcyclopentadienyl tricarbonylmanganese (MMT) project plans to use 80 acres of land, with a planned investment of 428 million yuan and an average annual sales revenue of 880 million yuan. The product market has a good prospect and plays an important role in meeting market needs and promoting local economic development. The total planned investment for the Guangxi Light Steel Keel+Photovoltaic Support Production and Construction Project is 120 million yuan, with a planned land area of about 20 acres. After completion, the production scale of the project can reach 17000 tons of light steel keels and 5000 tons of photovoltaic supports per year, with an expected annual output value of 135 million yuan and an expected annual tax revenue of 7.01 million yuan. Editor/Zhao E

10:34 2024.02.07

Bid Opening for Jiangsu Dongtai Energy Storage Power Station Project

On February 6, 2024, China Energy Construction Corporation announced the winning bid for the energy storage battery compartment equipment of the 200MW400MWh energy storage power station EPC general contracting project in the coastal area of Dongtai City. The winning bidder is CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., with a winning price of 350 million yuan. The project is located in Dongtai City, Yancheng City, Jiangsu Province. The bidder is China Energy Construction Group Jiangsu Electric Power Design Institute Co., Ltd. The bidding content of this project is 200MW/400MWh energy storage battery compartment equipment and spare parts. The supply scope of this project does not include PCS integrated machine compartment. Editor/Zhao E

18:05 2024.02.06

Liaoning Fuxin 2 × 350MW cogeneration unit expansion project approved

On February 4, 2024, Fuxin Power Generation Co., Ltd. Phase IV Phase 2 × The expansion project of 350MW cogeneration units has been officially approved by the Provincial Development and Reform Commission. The project aims to expand two 350MW supercritical cogeneration units at the original site of Fuxin Power Generation Co., Ltd., with a planned total investment of 3.176 billion yuan. After completion, it is expected to generate 2.1 billion kilowatt hours of electricity annually and provide 7.573 million gigawatts of heat, while also constructing flue gas desulfurization and denitrification devices. Advanced supercritical high-efficiency power generation technology can not only improve the efficiency of coal utilization, reduce coal consumption and ultra-low emissions of pollutants, but also enhance heating capacity and ensure the safety of urban winter heating, which is of great significance for promoting carbon peaking and carbon neutrality. Editor/Zhao E

18:01 2024.02.06

Approval of 400000 kilowatts offshore wind power by National Energy Group

On February 5, 2024, the 400000 kilowatt offshore wind power project of Jiangmen Chuandao II of China National Energy Group Guangdong company was approved by Jiangmen development and Reform Bureau, which took only 117 days from obtaining the project development right to approval, becoming the first offshore wind power project approved by China National Energy Group in Guangdong. The project is located in the southwest sea area of Jiangmen City, Guangdong Province, with a site area of about 52 square kilometers. It is planned to build 29 wind turbines with a single unit capacity of 14 MW and a total installed capacity of 406 MW. A 220 kV offshore booster station, an offshore reactive power compensation station and an onshore booster station will be built. The energy generated by wind turbines uses the stock of thermal power to bundle wind and fire to the load center of the Pearl River Delta. After the project is put into operation, it can provide about 1.3 billion kwh of clean electricity per year, save about 374000 tons of standard coal per year, and reduce 995000 tons of carbon dioxide emissions. The project is planned to start construction before the end of 2024 and generate electricity with full capacity grid connection in 2025. Editor/Zhao e

16:45 2024.02.06

IEA: The global renewable energy installed capacity in 2023 is nearly 510GW

In a recent groundbreaking report, the International Energy Agency (IEA) said that the world will install nearly 510GW of renewable energy capacity in 2023, a 50% surge compared to the previous year. This growth was primarily driven by the rapid growth of photovoltaic systems installed worldwide, which accounted for three-quarters of new renewable energy capacity installed worldwide. China has become a global renewable energy powerhouse, with as much installed PV system capacity in 2023 as will be installed worldwide in 2022, while wind power installations soared 66% year on year, showing impressive growth. Europe, the United States and Brazil also experienced record high growth in installed renewable energy capacity. The Renewable Energy 2023 Report, published by the International Energy Agency, is the first comprehensive assessment report released after the COP28 climate conference. According to the report, under current policies, the cumulative installed capacity of renewable energy generation facilities worldwide is expected to reach 7,300GW by 2028. This forecast shows that photovoltaic systems and wind power are the main contributors to the growth of global renewable energy installed capacity, accounting for 95%. Notably, by early 2025, renewable energy is expected to overtake coal as the world's main source of electricity. However, despite this significant progress, further efforts are needed to achieve the goal of tripling installed renewable energy capacity by 2030. Editor/Xu Shengpeng

16:45 2024.02.06

Finland lifts emergency planning zone restrictions for nuclear power plants

The new regulations of the Finnish Radiation and Nuclear Safety Authority (STUK) no longer require a 5 km preventive action zone and a 20 km emergency planning zone around all nuclear power plants, but instead adopt a method of determining the protection zone based on a site-specific situation analysis and will be implemented from February 1, 2024. Under the new rules, applicants for nuclear power plant licenses must separately explain to regulators each time what protected areas are needed to ensure safety, on a case-by-case basis. Under the new regulations, people and the environment must remain safe. When determining the size of the Preventive Action Area (PAZ), it should be demonstrated that in the event of an accident, the radiation dose of an unprotected person outside the PAZ will not exceed 1 Sv for 10 hours after the start of irradiation. When determining the size of the Emergency Planning Area (EPZ), it should be demonstrated that in the event of an accident, the radiation dose of an unprotected person outside the EPZ will not exceed 10 mSv for 48 hours after the start of irradiation. The maximum distance of the EPZ can be limited to 20 km. The new rules apply to all potential nuclear power plants. For the much-watched small modular reactors, the change means plants can be built closer to residents than under the old regulations if their safety can be demonstrated. Editor/Xu Shengpeng

17:10 2024.01.31

Sheneng Hainan CZ2 offshore wind power project officially started

On January 28, the groundbreaking ceremony of Sheneng Hainan CZ2 offshore wind power project, undertaken by China Railway Construction Port and Shipping Bureau, was successfully held in Danzhou City, Hainan province. Liu Xiaoming, governor of Hainan Province, announced the start of construction, and Fu Xuanchao, Secretary General of Hainan Provincial Government, attended the ceremony. Sheneng Hainan CZ2 offshore wind Power Project is located in the north sea of Danzhou City, Hainan Province, the water depth is between 15 meters and 25 meters, the offshore distance of the center is about 27 kilometers, the site area is about 191 square kilometers, the total installed capacity of the project is 1.2 million kilowatts, supporting the construction of 2 220 kV offshore booster stations and 1 onshore centralized control center, the total investment is about 15 billion yuan. The complex and changeable Marine environment of the project site area, the construction is faced with multiple adverse factors such as the alternate occurrence of soft and hard geological layers, the prevalence of northeast monsoon, rapid current and high surge wave, which bring great challenges to the precision control of pile driving construction. As the first offshore wind power project of China Railway Construction Port and Navigation Bureau in Hainan Province, in order to ensure the smooth progress of the construction task, the project construction team took the initiative and planned ahead, strictly checked the selection of personnel, materials, equipment, technical solutions and emergency plans, and optimized the pile sinking construction process through multiple simulation experiments to ensure the quality and safety of the first steel pipe pile sinking construction. Editor/Xu Shengpeng

17:10 2024.01.31

The installed capacity of solar power generation exceeded 600 million kW

The "2023-2024 National Electricity supply and Demand Analysis and Forecast Report" (hereinafter referred to as the "Report") released by the China Electricity Council on the 30th shows that: as of the end of 2023, the installed capacity of the national full-caliber power generation capacity of 2.92 billion kilowatts, an increase of 13.9%. Per capita installed power generation capacity exceeded 1 kW/person at the end of 2014, and exceeded 2 kW/person for the first time in 2023. The share of coal power installed capacity fell to 39.9%, falling below 40% for the first time. The first time that the share of coal power installed capacity fell below 50% was at the end of 2020. In 2023, the green and low-carbon transformation trend of the power industry will continue to advance, and the development of new energy will achieve "three consecutive jumps". First of all, the total installed capacity of grid-connected wind power and solar power generation in the country has continuously broken through the 800 million kilowatts, 900 million kilowatts and 1 billion kilowatts from the end of 2022, and reached 1.05 billion kilowatts by the end of 2023, accounting for 36% of the total installed capacity, an increase of 6.4 percentage points year-on-year. Among them, the installed scale of grid-connected solar power generation increased from 390 million kilowatts at the end of 2022 to 610 million kilowatts at the end of 2023. Looking at investment, in 2023, the key survey enterprise power investment increased by 30.1% year-on-year, of which non-fossil energy power generation investment increased by 31.5% year-on-year, accounting for 89.2% of power investment. Investment in solar power, wind power, nuclear power, thermal power and hydropower increased by 38.7%, 27.5%, 20.8%, 15% and 13.7%, respectively. Editor/Xu Shengpeng

17:55 2024.01.30

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

17:55 2024.01.30

China's investment and cooperation in the Belt and Road Initiative in 2023

In 2023, Chinese enterprises invested 224.09 billion yuan in non-financial direct investment in countries jointly building the Belt and Road, an increase of 28.4% over the previous year (US $31.8 billion, an increase of 22.6%). In terms of foreign contract projects, Chinese enterprises signed 1,600.73 billion yuan of new contract projects in jointly building countries under the Belt and Road Initiative, an increase of 10.7% (US $227.16 billion, an increase of 5.7%). Turnover was RMB930.52 billion, up 9.8% (US $132.05 billion, up 4.8% in US dollars). Editor/Xu Shengpeng

17:19 2024.01.26

By 2023, 269 billion yuan will be invested in major projects in Gansu

The reporter learned from the Gansu Provincial Development and Reform Commission that in 2023, Gansu will focus on stabilizing investment and promoting growth on recruiting large projects and building large projects, forming a good situation of accelerating project construction, increasing investment, and accelerating development quality and efficiency. The major projects in 287 provinces in the province completed the annual scheduling target of 251.1 billion yuan one month ahead of schedule, and the annual investment was 269 billion yuan, with the annual planned investment completion rate of 107%. In order to make good project planning, Gansu province in accordance with the work idea of "doing this year, thinking about next year, and preparing for the next year", focusing on the "Belt and Road" initiative, the promotion of western development in the new era, ecological protection and high-quality development of the Yellow River Basin and other national strategies, planned a number of major projects that are strong foundation, long-term management, and benefit the overall situation and carried out preliminary work in advance. And timely issued the "Gansu Provincial Major Project Investment Plan in 2023", including 287 projects, a total investment of 1.6 trillion yuan, the annual

17:18 2024.01.26

China is ready to carry out cooperation on major projects with Uzbekistan

The two heads of state announced that China and Ukraine have decided to develop an all-weather comprehensive strategic partnership for a new era and promote the building of a China-Ukraine community of shared future from a higher starting point. China and Uzbekistan share similar development goals and concepts. The two sides can actively synergize the eight initiatives China has taken to support high-quality Belt and Road cooperation, tap the potential of traditional cooperation, implement the medium - and long-term cooperation plan on economy, trade and investment, introduce more investment and trade facilitation measures, and expand cooperation in infrastructure and agricultural high-tech parks. China is willing to import more quality products from Uzbekistan. The two sides should launch the construction of the China-Kyrgyzstan-Uzbekistan railway project at an early date, advance "hard connectivity" and "soft connectivity" simultaneously, and build a three-dimensional connectivity network to help Uzbekistan transform from a land-locked country to a land-linked country. China is willing to expand cooperation with Uzbekistan on the whole industrial chain of new energy vehicles and carry out cooperation on major projects such as photovoltaic, wind power and hydropower, so as to support Uzbekistan's green economy development strategy and promote sustainable development. The two sides also need to actively carry out poverty reduction cooperation, expand and deepen local cooperation, and build more projects to benefit the people. Editor/Xu Shengpeng

17:38 2024.01.25

By 2023, global renewable energy capacity will increase by 510 million kilowatts

On January 25, the National Energy Administration held a press conference, and Pan Huimin, deputy director of the Department of International Cooperation, said that China plays a pivotal role in the development of global clean energy. According to the latest data, in 2023, the global renewable energy installed capacity of 510 million kilowatts, of which China's contribution of more than 50%. China has become an indispensable force in the world's clean energy development. In terms of investment, overseas clean energy investment by Chinese enterprises has spread across major countries and regions, covering wind power, photovoltaic power generation, hydropower and other major fields, which has strongly supported the green and low-carbon energy development of relevant countries on the basis of mutual benefit and win-win results. In terms of industry, China continues to promote technology and product innovation to actively integrate into the global clean energy industry chain, and constantly share high-quality clean energy products with the world. At present, China's wind power and photovoltaic products have been exported to more than 200 countries and regions around the world, with cumulative exports exceeding US $33.4 billion and US $245.3 billion, respectively. The International Renewable Energy Agency report pointed out that in the past decade, the average kilowatt-hour cost of global wind power and photovoltaic power generation projects has decreased by more than 60% and 80%, respectively, which is largely attributed to Chinese innovation, Chinese manufacturing and Chinese engineering. While supporting the development of global clean energy, China welcomes enterprises from all over the world to invest and do business in China, and continues to build a market-oriented, law-based and internationalized business environment to jointly promote the development of clean energy and advance the global energy transformation. Editor/Xu Shengpeng

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