Four High-Quality Projects Settle in TEDA with Total Investment Approximately 765 Million RMB

On October 26, at the signing ceremony of key projects in the mineral resources sector in the Binhai New Area, four high-quality projects settled in TEDA with a total investment of approximately 765 million RMB. These new projects cover areas such as new energy, new materials, and petrochemicals.

Among the projects signed this time, Hebei Hengwang Investment Group established Hengwang (Tianjin) Technology Co., Ltd. in TEDA. The company aims to carry out research and development in the new energy sector and bench-scale testing, as well as centralized sales settlement operations for the new energy sector.

In the field of new materials, Tianjin Xin’ao Construction Engineering Co., Ltd. is primarily engaged in research, production, sales, and installation of new eco-friendly waterproof building materials. The company plans to invest in the construction of a new production line capable of producing 5 million square meters of high polymer waterproof coiled material per year and a production line for 1 million sets of waterproof system components per year.

In the petrochemical field, Zhonghai Huarui Intelligent Technology (Tianjin) Co., Ltd. plans to establish an independent entity in TEDA with a total planned investment of 5 billion RMB to build a testing equipment production base and engage in petroleum pipeline testing-related businesses. China Petroleum Engineering Construction Corporation has established a Tianjin branch in TEDA, mainly serving oil and gas pipelines and natural gas liquefaction projects in the northern China region.