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Hengli Heavy Industry Park Phase II Project was kicked off in Dalian Changxing Island

August 15, Hengli Heavy Industry Park Phase II project start mobilization meeting was held in Dalian Changxing Island, which will help Hengli Group to build a world-class high-end ship and offshore equipment manufacturing base, to promote the ship and offshore equipment manufacturing to the high-end, intelligent, green development.

It is understood that the second phase of the Hengli Heavy Industry Park project is connected to the first phase of the project on land and in the sea, so that the industrial chain can be developed in an integrated manner. The base will focus on ultra-large oil tankers, very large liquefied gas carriers (VLGC), very large container ships, FPSO, offshore floating wind power, drilling platforms and other high-value-added green ships and high-end offshore equipment manufacturing business, making all-out efforts to build a first-class ship and offshore equipment manufacturing industrial base that is modernized, intelligent and green. After reaching full production, Hengli Heavy Industry expects to process 2.3 million tons of steel and produce 180 engines annually.

On July 7, the Dalian Municipal People’s Government, the Administrative Committee of Changxing Island Economic and Technological Development Zone and Hengli Group signed the Agreement on Industrial Development of Hengli Heavy Industries (Dalian Changxing Island) Industrial Park. According to the agreement, Hengli Group will make an additional investment of RMB 9.2 billion (about $1.265 billion) to build Hengli Heavy Industries (Dalian Changxing Island) Industrial Park, which is expected to form a construction capacity of 1.8 million tons of annual steel processing capacity and an annual output of 7.1 million dwt.

And only 2 days later, Hengli Group announced to increase its investment by RMB 2 billion ($275 million) again to construct the Hengli Heavy Industries (Dalian Changxing Island) Supporting Industrial Park Project simultaneously. According to the agreement, based on the “Hengli Heavy Industries (Dalian Changxing Island) Industrial Park Industrial Development Agreement”, Hengli Group will invest another 2 billion yuan ($275 million) to synchronize the construction of Hengli Heavy Industries (Dalian Changxing Island) supporting industrial park.

On that day, Dalian Municipal People’s Government and Hengli Group also signed two cooperation agreements. The two cooperation agreements will help to enhance the regional petrochemical commodity resource allocation capacity and the development of Dalian’s ocean economy and low-altitude economy, respectively, and effectively serve the development of the real economy.

It is reported that Hengli Group has entered Dalian Changxing Island for 14 years, with a cumulative investment of more than RMB 300 billion. Hengli Heavy Industry Phase II project is another milestone event of Hengli Group, carrying the deep expectation of Hengli people “to the sea to build strong” and condensing the efforts of many parties.

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