On February 17, the Hunan Provincial Government held a video teleconference on investment across the province. Initially, this year, Hunan Province will implement about 1,000 major projects with a total investment of about 500 billion yuan. Yueyang City has 48 projects or is included in these major construction projects, including Baling Petrochemical's non-ethylene fine chemical projects.
The Baling Petrochemical '12th Five-Year Development Plan' released in late December last year clarified the 'six changes and six constructions' and 14 supporting key projects that the company will focus on during the 12th Five-Year Plan period.
Earlier this year, the company listed the fixed asset investment of 3.5 billion yuan as one of the six goals of the year. It required 7 new projects to be put into operation smoothly during the year, ensuring that the key projects were '6 approved for 6 advancement' and accelerating the completion of the preparation of 7 technological packages. And 5 major technology developments.
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