[Comrade Fu Gangfeng served as chairman of SDIC] On June 17, 2022, China Development and Investment Group Co., Ltd. held a meeting of middle-level and above managers. The relevant responsible comrades of the Central Organization Department announced at the meeting the central government's decision on the appointment of the chairman and party secretary of China Development and Investment Group Co., Ltd.: Comrade Fu Gangfeng was appointed as the chairman and party secretary of China Development and Investment Group Co., Ltd., and he was removed from COSCO Group. Director, general manager and deputy secretary of the party group of Shipping Group Co., Ltd. Editor / Zhao E

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• 2026.03.25 10:14
• [Xinjiang's 150 billion yuan new materials project starts construction]
• On March 20, 2026, the first phase of the Turpan 100 billion level coal chemical spinning new material integration project began construction, with a total investment of 25.7 billion yuan to build a 2.4 million ton coal to ethylene glycol project, invested by Hengyi Group. The project plans to complete a total investment of 150 billion yuan within 5 to 8 years, and is expected to be put into operation by the end of 2028, with an annual new production value exceeding 12 billion yuan.Editor/Gao Xue

• 2026.03.25 10:12
• [Xinjiang over 20 billion coal to olefin project announced]
• The EPC bidding candidates for the polypropylene and high-density polyethylene core units of the 800000 ton coal to olefin project in Zhundong Wucaiwan, Xinjiang Shanneng Chemical Industry, have been announced. Companies such as Daqing Petrochemical Engineering and PetroChina Jilin Chemical have been shortlisted. The total investment of the project exceeds 20 billion yuan, with environmental protection investment accounting for 8%.Editor/Gao Xue