Gaolan contracts for $451m in new-materials projects

The Gaolan Port Economic Zone and six enterprises concluded deals worth 3 billion yuan ($451 million) at the China Advanced Material Capital & Technology Summit, which opened on Oct 26.

The enterprises are Chemical Industrial Park Working Committee of China Petroleum & Chemical Industry Federation (CPCIF), Shenzhen Sairui Industry Research, Guangdong Guanghua Sci-Tech Co Ltd (JHD), BATF Industrial Co Ltd, Hong Kong Lee & Man Chemicals, and Guangzhou Ruxing Technology Development Co Ltd. Over time, the parties will invest 30 billion yuan ($4.5 billion) in a 3-sq-km new-materials industrial park during the 13th Five-Year Plan (2016-20) period.

As one of the think tanks of Gaolan, CPCIF's Chemical Industrial Park Working Committee will utilize its advantageous resources and rich experience in industrial planning to provide consulting and suggestions for the development of Gaolan's new-materials industry.

Meanwhile, Shenzhen Sairui will assist Gaolan in the development and promotion of new-materials and technologies, while attracting projects to be industrialized in the area.

Signing ceremony for the new-material projects [Photo by Zhang Zhou / Zhuhai Daily]

JHD has ranked tops in the specialty chemicals category of the CPCA's Chinese Electronic Circuit Ratings for seven consecutive years. With an initial investment of 700 million yuan ($105 million), it will launch a high-performance nickel-cobalt-manganese multi-component materials project in Gaolan expected to yield an annual output value of more than 2 billion yuan ($301 million) after completion.

In the meantime, BATF will invest 1.5 billion yuan ($226 million) in an aqueous emulsion and adhesive project and anticipates bringing in 2 billion yuan ($301 million) a year. With total investment of 500 million yuan ($75 million), Hong Kong Lee & Man Chemicals expects its fluorine-containing additive for lithium battery electrolytes project to reap 800 million yuan ($120 million). The 300-million-yuan ($45 million) silicon solar cell project of Guangzhou Ruxing Technology Development is estimated to have potential for 500 million yuan ($75 million) annually.

Located in Southwest Zhuhai, the 380-sq-km Gaolan is the first National Economic & Technological Development Zone on the west bank of the Pearl River Estuary. This year it will see total industrial output value exceed 100 billion yuan ($15 billion) and cargo throughput surpass 100 million tons.