New-energy lithium-ion battery, new-generation electronic information, and functional polymer materials projects valued at 10 billion yuan ($1.4 billion) were contracted Aug 5 to settle in China Green New-Materials (Zhuhai) Industrial Park.

The new park, for which a plaque was unveiled Wednesday, is in the Gaolan Port Economic Zone, which recorded an output value of 24.5 billion yuan ($3.5 billion) in 2019, up 20.2 percent year-on-year. There, the 15 new undertakings are invested by American PPG Industries, Hong Kong Lee & Man Chemical, Shenzhen Chuangzhi Technology, and Hangzhou First Applied Material. 

Zhuhai Energy New Materials Technology in the Gaolan Port Economic Zone [Photo courtesy Nanfang Plus]

Once operational, the projects are expected to generate combined output value of more than 15 billion yuan ($2.1 billion). Envisioned by 2025 is a world-renowned characteristic new-materials industrial base with an output value of more than 100 billion yuan ($14.4 billion). It would be driven by five multi-million-billion industrial clusters for integrated circuits, biomedicine, new materials, new energy, and high-end printing equipment in Zhuhai.

The China Petroleum & Chemical Industry Federation approved the 3-sq-km (741-acre) New-Materials Industrial Park as "China Green" on March 12. Its development focus then shifted from traditional chemical engineering to green new materials such as new-generation electronic information, new-energy lithium-ion battery, and functional polymer materials.

Zhuhai Party Secretary Guo Yonghang, CPPCC Zhuhai Municipal Committee Chairman Chen Honghui, Deputy Executive Director of the Standing Committee of CPC Zhuhai Municipal Committee Chen Ying, and Zhuhai Deputy Party Secretary Zhao Jianguo attended the plaque unveiling and signing ceremony.