Ordos promotes targeted investment in Nanjing
Published by Sarah Smith,
According to the Ordos Municipal Government of the Inner Mongolia Autonomous Region, the 2019 Ordos targeted investment promotion event for processing industries (equipment manufacturing and coal chemical industry chain) was held in Nanjing. Ordos has signed a total of 49 cooperation projects with 51 companies, with a total investment of CYN55.48 billion, involving areas of new energy, intelligent manufacturing, environmental protection technology and high-end manufacturing. There are 17 projects in the Yangtze River Delta region, China, accounting for 34% of all projects.
In 2019, Ordos actively carried out cooperative investment, supply chain investment, and industrial chain investment. From January to September, the city signed 128 investment projects, with a contract value of CYN174.134 billion, and an operating rate of 48%.
Behind the data is a clear path for the 'modern city' of Ordos and the Yangtze River Delta to move towards a wider, deeper and higher level of cooperation. This is a strong driving force for the pursuit of high-quality development from a 'coal mining economy' to 'multiple areas'.
Ordos is one of China's 14 large-scale coal bases, one of its nine largest coal-fired power bases, and one of its four modern coal chemical industry demonstration zones. The proven coal reserves are 210.2 billion t, accounting for approximately one-sixth of the country's reserves. The proven reserves of natural gas are 4.92 trillion m3, accounting for approximately one-third of the country's reserves. Ordos has become one of the main gas sources for China's natural gas transmission project from West to East.
More than 15 million t of coal chemical production has been built in Ordos, with a coal conversion volume of 65 million tpy. The industrial chain has also extended to fine chemicals, graphene, polymer materials, and carbon materials. The installed capacity of natural gas coal-fired power has reached 20.31 million kW. After the two UHV transmission channels and supporting power point projects of Mongolia West-Tianjin South and Shanghai Temple-Shandong have gone into operation, new electricity installations of 14.6 million kW can be added.
Read the article online at: https://www.worldcoal.com/special-reports/12122019/ordos-promotes-targeted-investment-in-nanjing/
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