Projects worth 144.5 billion yuan start construction
Updated : 2021-03-16
(chinadaily.com.cn)
A total of 114 projects receiving a total of 144.5 billion yuan ($22.24 billion) in investment started construction in Yantai, a coastal city in East China's Shandong province on March 13.
The projects are meant to help the city foster new growth drivers and promote the upgrading of traditional industries in the city. They involve infrastructure construction, industrial development, and improving living standards.
One of the projects is a liquefied air manufacturing project invested by French Air Liquide Group that will be established in Penglai district. It has received 61.2 million yuan in investment and will focus on producing high-end air separation equipment and equipment for the hydrogen energy industry.
As a Fortune 500 company, Air Liquide is the world's top provider of industrial and medical gases and related services.