22 Large Projects Arrive in the Nangang Industrial Zone With a 200 Billion Yuan Investment

Since the start of this year the municipal-level service team for the Nangang Industrial Park has made lots of efforts in planning, investment absorption, infrastructure construction, etc. and attained remarkable progress. According to statistics, by this June domestic and foreign investors have indicated clear intents of construction and investment in the Park in 22 projects, with their total investment up to 200 billion yuan. Among them, a group of key construction projects have commenced their construction one after another.

The service team has actively coordinated various departments of Tianjin in line with the development plan of the Park to help the earliest settlement and construction of a series of key heavy-chemical industrial projects. According to the decisions of the team for that purpose, Tianjin Development and Reform Commission heads the execution of such projects as the Bluestar New Chemical Materials Industrial Park, Sinopec's crude oil storage warehouse, logistics center and polycarbonate project co-funded with SABIC, etc.; the TEDA Administrative Commission is responsible for the development of a refinery project of a Chinese-Russian JV, the Tianjin industrial base of ZTE Agribusiness Company Limited, etc.; Nangang Industrial Park Development Co., Ltd. assists Tianjin Development and Reform Commission with the Nangang base project of Tianjin Bohai Chemical Industry (Group) Company Limited, etc. Special efforts are being made in site selection, land area, commencement of construction, supportive conditions, etc. for each project to ensure that a group of projects may start construction within the year.

So far with the help of the service team, the national strategic crude oil and refined oil storage warehouse project has chosen the land west of Haibin Avenue of the Park; Sinopec's chemical industrial logistics center, polycarbonate project co-funded with SABIC, etc. will lie east of the east harbor basin and close to the northern coastline. The polycarbonate and bisphenol A project co-funded by Sinopec and SABIC is the precondition for the National Development and Reform Commission to approve the joint investment between Sinopec's large ethylene project in Tianjin and SABIC and enjoys the Park's full support. In order to start the production of the polycarbonate and bisphenol A project earlier, the service team, through its active coordination, has been trying to ensure land, infrastructure, and other conditions of the project and the start of the construction of the logistics center in the latter half year.