China Chemical recently announced that it had signed contracts worth a total of 203.569 billion yuan in the first half of 2024, with construction engineering contracts accounting for the majority, amounting to 194.434 billion yuan. These contracts cover multiple regions both domestically and internationally, with domestic contracts totaling 162.232 billion yuan and overseas contracts reaching 41.337 billion yuan.
During this period, China Chemical signed 2,749 projects, including 73 large-scale projects with a single contract value exceeding 500 million yuan. These projects involve industry giants such as Wanhua Chemical, Rongsheng Petrochemical, and Hubei Yihua. The largest single contract, worth 8.18 billion yuan, is a general contracting contract signed by China Wu Huan Engineering for a three-phase fertilizer project in Egypt.
Among the many key projects, several stand out. For example, the 200,000-ton/year caustic soda relocation and energy-saving renovation project of Hubei Yihua New Energy Co., Ltd., located in Zone B of Yaojiagang Chemical Industry Park, is scheduled to be completed and put into operation in October 2025. Another highlight is the new energy-specific polyolefin special material project of Puxijing New Material (Shanghai) Co., Ltd., with a total investment of 2.25 billion yuan. It is planned to be fully operational by the third quarter of 2026, with a production scale of 280,000 tons per year.
In addition, China Chemical has signed multiple construction and installation engineering contracts with Rongsheng Jintang New Materials, involving a wide range of products such as propane dehydrogenation units, PEO units, and EVA combined units. Overseas, China Chemical has also made significant achievements, such as signing an EPC+OM contract with Zambian Blooming Chemical Industry for a 300,000-ton/year synthetic ammonia and 500,000-ton/year urea project, worth 3.504 billion yuan.
According to the Color Masterbatch Industry Network, the signing of these major projects not only demonstrates the strong competitiveness of China Chemical in domestic and foreign markets but also indicates that the company will maintain a steady development momentum in the future. These contracts involve multiple fields such as chemicals and new energy, reflecting China Chemical’s firm steps on the road of diversified development.
Meanwhile, China Chemical has also undertaken multiple other important projects, such as the Sichuan Ruibai Electronic Chemicals and Supporting Projects, the VCM project of Wanhua Hungary Bosu Chemical, and the large-scale green hydrogen production project of Xinjiang Junrui Baicheng New Energy. The signing and implementation of these projects will further promote technological innovation and market expansion in related fields of China Chemical.
Overall, the achievements made by China Chemical in the first half of the year fully demonstrate the company’s leading position and strong market competitiveness in the chemical industry. In the future, with the implementation and completion of these major projects, China Chemical is expected to further enhance its influence in domestic and foreign markets.