please contact sales@tanchin.hk for any inquiry
China Ordnance Industry Group, Saudi Aramco Oil Company, Panjin Xin Cheng Industrial Group signed a joint development agreement on Tuesday and held a groundbreaking ceremony for fine chemical and raw material engineering projects. While China's arms group's Huajin shares (000059.SZ) announced on Wednesday that it will participate in the project.

According to the weapons group website, the above projects will be in the integration, clustering, differentiation, the principle of large-scale construction of the leading domestic refining and chemical integration base, the construction scale of 15 million tons / year oil refining, 1 million tons / year Ethylene. After the completion of the project, will further enhance the Group's petrochemical and fine chemical plate competitiveness, but also will accelerate the Saudi Aramco in China's downstream business expansion.

Huajin shares said the company as a subsidiary of the Group of petrochemical companies, will be at the right time and in an appropriate manner to participate in the project joint venture.

The fine chemical and raw materials project is included in the national petrochemical industry planning and layout of the northeast old industrial base revitalization of the major projects, but also the weapons group to improve and develop overseas oil exploration and mining - Oil trade - petrochemical - fine chemical industry - special chemical industry chain Of the key projects.

According to an understanding of the industry's industry yesterday revealed that the project investment is expected to 69.5 billion yuan (10.9 billion US dollars).

During the visit of the King of Saudi Arabia in March this year, China Ordnance Group and Saudi Aramco signed a joint venture memorandum of understanding. On Sunday, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid Fahl, signed a joint project agreement on refinery, chemical and sales network during the "Zone of All-in-One" International Cooperation Summit in Beijing.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

F682X F692X F602 F694Z F695Z F696Z F697Z F698Z F699Z F604Z F605Z F606Z F607Z F608Z F624Z 6032DU 6030V 625VV 6032DDU 626DD