[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 May 18, 2026, Shanghai announced that it will enhance the resource allocation capacity of international shipping centers, vigorously develop high-end shipping services, promote financial technology, shipping insurance, digital trade and other matters, encourage enterprises to establish global supply chain management centers, and build digital management platforms.Editor/Gao Xue
In May 2026, the first full chain resource recycling system for rail transit in China will be put into operation in Tianjin. The steel and aluminum alloy recycling rate of retired subway trains exceeds 98%, and the remanufacturing of wind turbine blades and engineering machinery is being promoted simultaneously. By 2025, the total amount of recycled resources will reach 1.39 trillion yuan.Editor/Gao Xue