Cangzhou Dahua handed South Korea SK to sign cooperation intention
Recently, Hebei Cangzhou Dahua Group and South Korea's SK (China) Investment Co., Ltd. signed a letter of intent to collaborate on the development of the China Chemical Industry Co., Ltd. Zhangzhou Industrial Base project. This agreement marks another significant milestone for Zhuozhou City as it continues to focus on large-scale projects to build a strong chemical industry hub.
SK (China) Investment Co., Ltd. is a global top 500 company and a key subsidiary of South Korea's SK Energy. As the world's largest single-site oil refinery, it has an annual production capacity of 56 million tons. The company currently operates in 23 cities and regions across China, demonstrating its strong presence and long-term commitment to the local market.
The collaboration between Cangzhou Dahua Group and SK (China) began in September last year, following four months of detailed discussions. A mutual agreement was finally reached on joint investment in the construction of the Zhangzhou Industrial Base. The initial project involves a 50,000-ton TDI facility, with plans to jointly finance larger-scale projects, including a 100,000-ton TDI plant, a 60,000-ton DNT project, a 160,000-ton caustic soda plant, and a 100,000-ton nitric acid facility. The total investment for the entire project is expected to exceed 4 billion yuan, highlighting the scale and strategic importance of this partnership.
This cooperation not only strengthens the chemical industry ecosystem in the region but also brings new opportunities for technological advancement, job creation, and economic growth. It reflects the growing confidence of international investors in China's industrial development and the potential of the chemical sector in the country.
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