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On September 20, Lianyungang City held an event to launch key industrial projects on a collective basis in the autumn; a total of 51 such projects were launched there, with a planned total investment of 19.12 billion yuan. The project with the largest investment volume is the one carried out in Xuwéi New Area: the Jiangsu Debang Xinghua Chemical Technology Co., Ltd. project, which involves an overall investment of 3.078 billion yuan and aims to produce 350,000 tons per year of synthetic ammonia-based products. The project that has commenced construction in Lianyun District is the benzyl chloride and benzaldehyde project of Lianyungang Industrial Investment Group Lihai Chemical Co., Ltd. The total planned investment for this project is 250 million yuan; once it is in operation, it is expected to generate annual sales revenue of 300 million yuan and profits and taxes of 35 million yuan. The pesticide and intermediates project of Lianyungang Kangmei Chemical Co., Ltd. in Guannan County has commenced construction. The total planned investment for this project is 1 billion yuan. Once operational, it is expected to generate annual sales revenue of 2.5 billion yuan and profits and taxes of 300 million yuan. @Guan Gongyu
Northern Jiangsu can only rely on the chemical industry to drive its economy
People from the southern part of Jiangsu have moved to the northern part. The chemical industries there are large-scale, but they also cause significant pollution
Any progress on the refining project in Xuwei New Area?