April 19, 2025 – An industrial event centered around high – quality development has kicked off in Qingdao West Coast New Area. The key investment promotion projects signing and key projects groundbreaking ceremony in the second quarter of 2025 in Qingdao Dongjiakou Economic Zone was grandly held. With a total investment of 27.99 billion yuan, 15 key projects are set to inject strong impetus into the region’s high – quality economic development.
The signing and groundbreaking segments at the event were filled with highlights. Six projects with a total investment of 14.34 billion yuan were signed, covering the Juhaili Lightweight New Materials Project, the Chengzhi Research Institute and Qingdao Headquarters Project, among others. Simultaneously, nine projects with a total investment of 13.65 billion yuan announced their groundbreaking, including the Sustainable Aviation Fuel Project and the Qizi Bay Offshore Photovoltaic Power Generation Project. Spanning multiple sectors such as new materials, new energy, and grain storage, the implementation of these projects will strongly drive the industrial upgrading of Qingdao. AsiaMB has learned that among the signed and started projects, a number of technologies fill domestic gaps or break international monopolies. For instance, the Sustainable Aviation Fuel Project adopts the first set of independently – developed processes by a private enterprise in China, forming a closed – loop through carbon sequestration from plants and waste. The Qingdao Fengdali High – end Fatty Acid Derivatives Project will break through international technological blockades, helping to form a domestic deep – processing industrial cluster for fatty acids.
“Projects are the lifeline of development and a crucial driving force for industrial upgrading,” said Jiao Ji, a member of the Working Committee and Deputy Director of the Management Committee of Dongjiakou Economic Zone. Designating 2025 as the “Project Tackling Year,” the zone will focus on “seizing large projects and promoting project construction” to achieve coordinated development. The goal is to make significant progress in one year, achieve breakthroughs in two years, and gain momentum in three years.
Wei Junmin, Director and President of Chengzhi Co., Ltd., shared the company’s development plan in Dongjiakou. The first – phase 40,000 – ton ultra – high – molecular – weight polyethylene plant in the Chengzhi Huaqing New Materials Industrial Park is under rapid construction and is expected to reach mid – completion on October 30. The second – phase polyolefin elastomer project is scheduled to start on June 30. Based on the previous successful cooperation, the company is increasing its investment to build the Chengzhi Research Institute and Qingdao Headquarters Project, aiming to create a collaborative innovation platform for industry, academia, and research, adding a new engine to the regional economic development. The construction site, with numerous cranes and roaring machinery, paints a vibrant picture of the booming development in Dongjiakou Economic Zone.