This is part of the group’s plan to invest RMB 3 billion in capital to liquid natural gas and other clean energy vessels over the next two years.
Land use rights
Yangzijiang Shipbuilding is working to acquire land use rights of about 1300 Chinese mu – or 866,671 sqm – of land in Jiangsu Province, China, to establish a new clean energy ship manufacturing base.
The group says it has entered into a framework agreement with the local government of Jingjiang City in Jiangsu.
Implementation Of project
The group says that the implementation of the project is contingent upon the relevant approval from various governmental agencies. Once approved, it will be executed in phases to ensure efficient resource allocation and compliance with regulatory requirements.
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Source: Theedgesingapore
