Hengli Invested 28.1 Billion RMB in Four New Projects
● Suspected infection rates show decline in new coronavirus numbers.
The number of suspected infections of the novel coronavirus grew at a slower rate nationwide on Tuesday, with daily suspected cases up by less than 4,000 for the first time since Jan 29, according to the National Health Commission.
A total of 3,971 suspected cases were reported on Tuesday, bringing the total number of suspected cases on the Chinese mainland to 23,260 as of Tuesday at midnight, the commission said on Wednesday.
● China’ economy is being influenced by the coronavirus but absolutely still controllable.
Hengli Petrochemical has become the largest private petrochemical group in China with the investment in the refining and chemical compex in Dalian. The net profit of Hengli reached 7,162 million RMB in the first three quarters of 2019.
Hengli Group has signed agreements on the investment in four new projects since December 2019 with the total designed investment of 28.1 billion RMB.
In December 2019, Guizhou Provincial Government signed a memo with Hengli Group. According to the memo, Hengli Group will build a new material park in Zuiyi City of Guizhou Province to produce high-end fiber materials in the next three years with the investment of 26 billion RMB. Meanwhile, Guizhou governments will provide some preferential measures to support the construction and the operation of the park.
In the same month, Hengli Group announced to cooperate with Shaanxi Province in the coal chemical industry covering methanol, olefins, fine chemical and fiber with the total investment of 150 billion RMB.
On January 2, 2020, Hengli Group was reported to plan to build an industrial park in Jiangsu Province with the total investment of 23 billion RMB to produce high-end chemical fibers. The first phase of the project will be put into production before the end of 2020.
On January 21, 2020, Guangdong Huizhou governments signed agreements with Hengli Group to invest 83 billion RMB to build petrochemical projects and new material projects in Huizhou. This shows the first step of the cooperation between Hengli Group and Huizhou in the construction of world-class petrochemical bases.
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