Petrochemical project settles Changxing Island

( Content provided by:Dalian China )

An agreement on Hengli Petrochemical Industry Base at Dalian Changxing Island Industrial Park is signed in Shenyang, capital city of Liaoning Province, northeastern China, January 25. Jiangsu- based Hengli Group poured 25 billion RMB yuan into the project, which is the first one of its kind in the park. The fixed assest investment of Liaoning coastal economic belt has aggregated to 100 billion RMB yuan after the four years construction, said Wangmin, Party Secretry with the Liaoning Provincial Government at the signing ceremony. An estimated annual revenue is 100 billion RMB yuan at the base, which is constructed in two phases. It' ll boost the development of upper- stream industry of petrochemical at Changxing Island Industrial Park, said Dalian Daily. Hengli Group, National Top 500 and Top 100 Civil- run Companies, specializes in superbright chevilled silk, chemical fiber raw material and textile material.