Fujian: 60 billion yuan funding project signed, multiple measures to support key projects
On March 2, Fujian signed two key projects with a total investment of more than 60 billion yuan, and introduced a number of measures to support the construction of key projects.
On the morning of March 2, the national Qiaoquangang Petrochemical project conducted a three-party "cloud signing" in Fuzhou, Quanzhou and Kaohsiung, Taiwan. Taiwan-funded enterprises plan to invest NT $50 billion (about 10 billion yuan) in Quangang Petrochemical Industrial Park in Quanzhou, Fujian, and the project will achieve an annual output of 1 million tons of propane dehydrogenation and 900,000 tons of polypropylene. Drive the downstream medical plastics, food grade plastic products and other industries development, promote the integration of cross-strait petrochemical industry. The first phase of the project is scheduled to start construction at the end of this year and be completed and put into operation in 2023, with an annual output value of 10 billion yuan.
The Fujian Industrial Park project of Wanhua Chemical Group signed in the afternoon will be put into operation in Jiangyin, Fuzhou, to produce the main raw materials of emerging organic polymer materials, which will make up the gap in the local petrochemical industry chain and promote the innovative development of the chemical industry.
Since the outbreak of the epidemic, in January and February, Fujian has successively issued 57 measures on the "six stability", resumption of work and production, stability and other aspects, and on March 1, a new batch of measures to support the recovery of enterprises.
As of noon on March 2, 1,020 of the 1,036 key provincial projects under construction in Fujian province had resumed work, with a work resumption rate of 98.5 percent. More than 17,700 industrial enterprises above designated size had resumed work, with a production resumption rate of 93.1 percent.