A commencement ceremony for 105 projects gets underway in Tai'an, Shandong province on July 17. [Photo/Dazhong Daily]

Tai'an in Shandong province launched a commencement ceremony for 105 key projects worth a total investment of 28.3 billion yuan ($4.19 billion) on July 17.

At the commencement ceremony's main venue, Shandong Depu Chemical Industry Science and Technology Co's circular economy park heating project received a whopping 5.6 billion yuan investment.

With its world-leading technology, recycling resources, green and safe techniques, and bright market prospects, the company expects to become a domestically-leading producer of dimethyl carbonate and a world-leading supplier of propylene glycol after the project reaches its production capacity.

In order to facilitate the strategy of strengthening the city through industrial development and implementing the action plans of all industrial chains, Tai'an holds a monthly project commencement ceremony regularly in different districts.