CECEP (Suzhou) Environmental Protection Technologies Co Ltd, a subsidiary of China Energy Conservation and Environmental Protection Group (CECEP) in SIP, signed an agreement with the authorities of Xuzhou Economic Development Zone (XEDZ) in Xuzhou (a city in north Jiangsu province) on Aug 8 to invest RMB 5 billion to build a clean energy base in XEDZ.
The project, with a planned land area of about 800 mu (53 hectares), will be a complex for research and development and commercialization of energy saving and environmental protection technologies. It is expected to propel concentration of related businesses and research institutes in XEDZ and even drive industrial upgrading and transformation across Xuzhou.
The company deems the project as its gambit in Xuzhou, hoping to help the city form an industrial park featuring eco-friendly technologies and products in the future.
August 14, 2019