[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.08.19 09:32
• [China's largest associated gas processing station upgrade completed]
• On August 10, 2026, CCTV reported that the No. 81 natural gas processing station in Xinjiang Oilfield, constructed by CPECC, has been put into operation. It can process 3.9 million cubic meters per day and reduce emissions by 550 million cubic meters per year, achieving intelligent control. It is the largest oilfield associated gas processing station in China.Editor/Gao Xue

• 2026.08.19 09:30
• [The world's first CO ₂ - based aviation fuel pilot test passed the assessment]
• On August 14, 2026, Sichuan Jinxiang and Tsinghua University jointly built the world's first 1000 ton carbon dioxide hydrogenation to produce sustainable aviation fuel pilot plant, which passed the 72 hour continuous operation assessment. The device has safely operated for over 2000 hours and meets the conditions for a 10000 ton industrial demonstration, opening up a new path for the low-carbon transformation of the aviation industry.Editor/Gao Xue