BUSINESS China's CNCEC signs a massive deal with Russia

BUSINESS

China's CNCEC signs a massive deal with Russia

By Xie Yahong | People's Daily app

23:09, June 06, 2019

Dai Hegen, the chairman of China National Chemical Engineering Group Corporation (CNCEC), signed a deal worth $1.5 billion with Russia's Nakhodka Mineral Fertilisers Plant to buy 1.8 million tons of methanol.

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View to the area of plant construction at the side of the Port of Vostochny in Nakhodka (Photo: nzmu.ru)

Thanks to the efforts of the two heads of states, the China-Russia comprehensive strategic partnership of coordination has become increasingly solid in recent years. Practical cooperation between the two sides has entered a "fast track," and business cooperation has become increasingly frequent and close, with notable achievements.

"We will take this deal as an opportunity, rely on the 'Belt and Road Initiative' to construct a cooperation platform, and adhere to the principle of joint consultation, construction and sharing. We will continue to give full play to our advantages in engineering technology, international project management and global resource integration to ensure the safe and efficient implementation of the project," Dai said. "We will work hard to build model projects and quality projects for China-Russia production capacity cooperation, contributing to achieving steady and sustained progress in the China-Russia comprehensive strategic partnership of coordination for a new era."

(Compiled by Xu Zheqi)

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