On January 7th, the “Shandong Province Foreign Investment Cooperation Synergy Development Exchange Meeting (Special Session on Petrochemicals and New Energy)” was held in Linyi City, hosted by our company. This event was guided by the Shandong Provincial Department of Commerce, and organized by the Shandong Province Foreign Investment Cooperation Synergy Development Alliance and the Linyi Municipal Bureau of Commerce. The purpose was to promote deeper investment and trade cooperation between petrochemical and new energy industries and related supporting enterprises throughout the province with Africa, fostering collaborative development of foreign investment and cooperation across the province.
Attendees included Li Yanhui, a second-level inspector from the Shandong Provincial Department of Commerce; Wei Guangyuan, Party Secretary and General Manager of the Shandong Branch of China Export & Credit Insurance Corporation; Ren Xingye, Vice Chairman of the Linyi Municipal Committee of the Chinese People’s Political Consultative Conference, all of whom delivered speeches at the meeting. The conference was presided over by Cheng Kai, Director of the Linyi Municipal Bureau of Commerce. Mr. Yang Jijiang, Chairman of our company, gave a presentation on key industrial parks during the exchange meeting.
The exchange meeting featured invitations to heads and experts from key organizations such as the Nigerian National Petroleum and Gas Company and the Mass Chemical Industrial Park, China Export & Credit Insurance, the National Development Bank, the China-Africa Development Fund, along with other relevant central and local enterprises. These experts gave specialized presentations on policies related to foreign investment and trade cooperation, shared successful development cases, and introduced potential cooperation opportunities. Over 200 attendees, including representatives from various municipal commerce departments and outstanding enterprises in the petrochemical and new energy fields from both within and outside the province, participated in this event.
At the exchange meeting, Mr. Yang Jijiang, Chairman of our company, introduced the Mass Industrial Park Phase II Yape Chemical Park, currently under development in Nigeria. He showcased the park’s strengths in transportation, energy supply, and security measures, extending a warm invitation to enterprises in the petrochemical field to explore cooperative opportunities and set up operations within the park.
Furthermore, Shandong Aode Investment Co., Ltd. officially signed a strategic cooperation agreement with the Nigerian National Petroleum Corporation. This partnership will focus on extensive collaboration in areas such as oil and gas supply, exploration and development, and pipeline construction projects in Nigeria.
The successful hosting of this exchange meeting has established a significant platform for enterprises in Shandong’s petrochemical and new energy sectors to explore and enhance cooperation with African nations. It facilitated the deep integration of technological advancements, market opportunities, and capital resources between domestic and international entities. By providing expert policy interpretations and organizing business matchmaking sessions, the event enabled participating companies to gain valuable insights into the investment climate and policy frameworks of African markets. This enhanced understanding will serve as a strong foundation for future foreign investment and collaborative ventures.
Up to now, our company has actively responded to the national “Go Global” initiative and the “Belt and Road” strategy, seizing opportunities for Sino-African cooperation. By utilizing both international and domestic resources and markets, we have grown and strengthened ourselves. Currently, we have completed the investment and construction of four industrial parks overseas, forming four major industries: park development, building materials, chemicals, and overseas warehousing. Leveraging local African resources, markets, and labor advantages, we have established a comprehensive industry platform for Sino-African capacity cooperation.
Among these, the Mass Industrial Park is located in Ondo State, Nigeria, south of the Gulf of Guinea. The Lagos-Benin City National Highway passes through the park, which is 400 kilometers from Abuja Airport, 180 kilometers from Lagos International Airport, 170 kilometers from Lagos Port, 100 kilometers from Lekki Deep Sea Port, and 360 kilometers from Port Harcourt. The park boasts a prime location with convenient transportation.
The Phase II Yape Chemical Industrial Park spans an area of 3,000 mu (approximately 200 hectares), with over 10,000 mu (approximately 667 hectares) reserved for future development. Adjacent to the Mass Industrial Park to the south, it features complete infrastructure, including water, electricity, gas, roads, and communication (“five connections”), along with comprehensive supporting facilities such as canteens, dormitories, and offices. The Nigerian national natural gas pipeline runs through the park and connects to a gas supply opening and pressure reduction station. To the west lies a national natural gas power plant, adjacent to the Wolowa River, and to the south, the national highway.
We are currently inviting global enterprises to invest in the following sectors:
Leveraging the opportunities presented by the Beijing Summit of the Forum on China-Africa Cooperation in September 2024, we aim to actively implement the three-year plan for the “Top Ten Partner Actions for Jointly Promoting Modernization between China and Africa”. Our goal is to build a global petrochemical ecosystem, industrial chain, and value chain.