In order to encourage Shanghai companies to invest in Qingdao's marine industry, a promotion and negotiation meeting was hosted in Shanghai by the Qingdao municipal government on Aug 30.
Among the projects signed into effect on-site, five are set to be built in Qingdao West Coast New Area (Qingdao WCNA) and are related to marine engineering equipment and shipping logistics.
An intelligent supporting industry base for marine oil and gas drilling platforms is expected to receive a total investment of 1 billion yuan ($137.57 million). The goal is to establish a comprehensive base that combines intelligent manufacturing of supporting equipment for offshore oil and gas drilling platforms, intelligent operation and maintenance, and original innovative research and development in marine technology.
Once completed, the base will signify the digitalization of equipment manufacturing process management, the automation of production equipment and the visualization of production processes at Qingdao WCNA.
Among the key marine projects signed into effect at the meeting were projects in the field of new energy. One of these is the Green Technology Bank project, which seeks to construct a green methanol production factory. The factory will prioritize the production of green and low-carbon fuels needed by the shipping vessels of Qingdao Port.
The project also aims to integrate industrial equipment manufacturing and technology R&D projects into Qingdao WCNA. This initiative will contribute to the overall promotion of green, low-carbon and intelligent growth in the local maritime transportation industry.
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
