Raft of business projects worth $1.85 billion inked in Ordos

A raft of business projects worth 13.07 billion yuan ($1.85 billion) were signed into agreement on June 18 at an online investment promotions meeting held in Inner Mongolia Dalad Economic Development Zone -- in Ordos city, in North China’s Inner Mongolia autonomous region -- according to local officials.

Investors included Air Products China Investment Co, the Shandong Mosu Investment Group, the Dalad branch of Elion Energy Co, Shanghai Huanqiu Contracting and Engineering Co, Fengyi Inner Mongolia New Materials Co and Inner Mongolia Minxuan Trading Co.

Officials said that as well as the signing ceremony, the 2020 China Fine Chemical Industry Summit Forum was held on the same day.

Zheng Baoshan, deputy director of the China Petroleum and Chemical Industry Planning Institute, delivered a speech entitled the 2020 China Fine Chemicals Market Research Judgment and Prospect Analysis.

Officials said that the event received widespread attention, with the participation of 1,108 online companies and 47,000 viewers. Cumulative hits for the online event exceeded 100,000, they added.