[CPECC won the bid for Project Swing EPCM project]CPECC Gulf Region Company has received a letter of award for the Project Swing project from Abu Dhabi State Oil Company's onshore company. This is the first EPCM project won by the Beijing branch in collaboration with Gulf Region Company in the Gulf market. The contract model includes design, procurement services, and construction management, with a contract duration of 39 months (PAC), of which 15 months are required to achieve 95% design progress. The Project Swing project is one of the first EPCM projects initiated by ADNOC Online and is an important project in the Abu Dhabi National Oil Company's P5 (5 million barrels per day) production increase plan. By renovating some facilities in Babu, Northeast Babu, and Southeast Oil Fields, the goal of increasing processing capacity by 20% has been achieved, while also increasing supporting facilities for water and gas injection. Editor/Ma Xue
On September 8, 2026, the Cangzhou Mingzhu South China Base officially started construction in Xiancun Town, Zengcheng, Guangzhou. The total investment of the project is 3.38 billion yuan, expected to be completed in September 2028. It focuses on 5 μ m high-end wet process lithium battery separators and high-end PE pipelines, deeply embedded in the energy storage supply chains of CATL and BYD. Guangzhou State owned Assets will promote the implementation of projects within six months of taking over. After production, the company's total wet diaphragm production capacity will reach 4.19 billion square meters, and the company's revenue and net profit in the first half of 2026 will increase by nearly 60% year-on-year.Editor/Cheng Liting
The 2026 project for the continued construction, supporting facilities, and modernization of the medium-sized irrigation area in the central flower sea of Shule River, Gansu Province has recently been fully launched. The total investment of the project is 241.9 million yuan, with a renovated irrigation area of 201300 acres, covering 5 townships and 1 state-owned farm in Yumen City, benefiting a population of 41400 people. This year, an investment of 93.097 million yuan will be made to promote the reconstruction of canal heads, the renovation of main and branch canals, and the upgrading of information technology, to fill the water conservancy gaps in irrigation areas, and to assist in regional agricultural water conservation and rural revitalization.Editor/Cheng Liting