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Article: Chemical industry base in the south of Hangzhou Bay.(Chemical Industry)
- Article from:
- China Chemical Reporter
- Article date:
- August 6, 2003
CopyrightCOPYRIGHT 2003 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The State Development Bank and Ningbo Chemical Industry Zone, based in Zhejiang Province, have recently reached an agreement on issuing a loan of RMB1 09 billion. The first-phase development funds amounting to RMB110 million have already been delivered for use. Zhenhai District in Ningbo City has taken the petroleum and chemical industry as the lead and the fine chemical production as the basis an accelerated the construction of Ningbo Chemical Industry Zone. A chemical industry chain with an annual sales income of over RMB100 billion will be established in the south of the Hangzhou Bay in around 10 years.
Zhenhai District has unique advantages for the development ...