[South African Ports Authority plans to invest$570 million in port infrastructure] South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao

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• 2026.10.27 11:29
• [Wanhua Laizhou Green Power Industrial Park Phase II Project Starts Construction]
• On October 23, 2026, the second phase of Wanhua Laizhou Green Power Industrial Park officially started construction, and the Laizhou base entered a new stage of first phase production sprint and second phase co construction simultaneously. As a major project in Shandong Province, the industrial park covers an area of 557 acres, with a planned 650000 tons/year battery grade lithium iron phosphate plant, relying on the integrated wind solar energy storage green power system to achieve coupling of the green power industry. At present, Wanhua Lithium Iron Phosphate has achieved mass production and import of its fourth generation products, and its fifth generation products have been recognized by top customers, continuously improving the layout of the entire battery material chain. Editor/Cheng Liting

• 2026.10.27 10:43
• [Shanghai Petrochemical's 1.2 million ton ethylene plant starts construction]
• The 1.2 million tons/year ethylene plant of Shanghai Petrochemical officially started construction on October 25, 2026. As a major project in Shanghai, the total investment of the project is about 21.3 billion yuan, and it is expected to be completed by the end of October 2028. The new facility adopts Sinopec's independent intellectual property low-energy ethylene separation technology. After it is put into operation, the existing 700000 tons/year ethylene plant will be shut down, and the annual ethylene production capacity will jump to 1.2 million tons. It can provide nearly 3 million tons of high-end chemical raw materials for downstream and help promote Shanghai's new industrialization and north-south transformation. Editor/Cheng Liting