Chongqing Changshou Chemical Industrial Park
- ID: 1946354
- June 2011
- Region: China
- 25 pages
- China Knowledge Press
Chongqing Changshou Chemical Industrial Park (Chongqing Changshou CIP) rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. The chemical industrial park was approved and established by the Chongqing municipal government in 2001 as a municipal level development park.
Chongqing Changshou CIP is located in Changshou District, 50 km from Jiangbei International Airport, which ranked tenth in terms of passenger throughput in China in 2008. The Chongqing-Huaihua Railway and the Chongqing-Lichuan Railway run through the park, while Chongqing-Shanghai Freeway and Chongqing-Fuzhou Freeway intersect in the park. Additionally, Chongqing Changshou CIP is adjacent to the Changshou Deep water Port, which has an annual throughput of 20.9 million tons.
The chemical industrial park has industrial bases for petrochemicals, natural gas, chemicals, chloride alkali chemicals, biological chemicals, fine chemicals and new materials.
Approximately 72 enterprises in these industries have established businesses in the park. They include 13 Fortune 500 companies such as BP, Sinopec, China National Petroleum, BASF, Linde Gas, Praxair, Dalkia, Degussa and Mitsubishi Gas Chemical, along with 20 domestic listed companies such as Sinochem International and Yunnan Yuntianhua. Their total contracted investment amounts to RMB 60 billion. All of these investment programs are expected to commence by the end of 2011.
The Chongqing Branch of Sinopec Sales Co Ltd was set up in Chongqing Changshou CIP in December 2007 with an investment of RMB 200 million. The company engages mainly in the operation of compressed natural gas filling stations. Additionally, in March 2008, Dalkia, the European leader in energy services, and Chongqing Changyang Thermal Energy, a local energy service company, jointly invested RMB 3 billion in constructing a 400-MW thermal power plant in Chongqing Changshou CIP. When it is complete, the thermal power plant will supply enough steady energy to meet the needs of all the enterprises located in the park.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
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