The recovery and challenges of the Spanish chemical industry coexist 

The Spanish Federation of Chemical Companies recently announced that the sales of chemicals in Spain are expected to increase by 4.8% in 2024, reaching 86.5 billion euros (approximately 656.9 billion yuan); Chemical production is expected to increase by 7.1%. In 2025, the sales of chemicals in Spain are expected to increase by 4.2%, surpassing the 90 billion euro mark for the first time; Chemical production will increase by 3.2%.The improvement of economic environment benefits the chemical industryRecently, the International Monetary Fund (IMF) raised its forecast for Spain's GDP growth rate in 2024 from 2.4% in July to 2.9%, which is one percentage point higher than the forecast from a year ago; Spain's GDP is expected to grow by 2.1% in 2025. In the next two years, Spain's economic growth rate will be much higher than the two largest economies in the eurozone, Germany and France.The healthy macroeconomic data of Spain has penetrated into the chemical industry, which, after years of sustained growth except for 2020, can still feel the pain of declining sales revenue and production in 2023. However, in 2024, strong domestic demand and export recovery (exports account for about two-thirds of Spain's chemical sales) helped the industry overcome difficulties.In the unstable period after the epidemic, with the soaring global chemical prices, Spain's chemical sales increased significantly in 2021 and 2022; But as prices fell, chemical sales in Spain in 2023 decreased by nearly 7% compared to 2022, and production decreased by 0.7% compared to 2022.In 2024, there is a significant improvement in the situation. Juan Lavat, Director General of the Spanish Chemical Industry Federation, said, "Chemical prices are recovering from their low point in 2023, and the average selling price should reach pre pandemic levels by the end of this year. Spain's basic chemical production is recovering, with an 8% increase as of July this year. Almost all chemical sub sectors are performing well, such as paints, personal care products, pharmaceuticals, etcMore government support is needed to achieve decarbonization goalsHowever, Theresa Lassero, the president of the Spanish Federation of Chemical Companies, said that these positive data masked the poor performance of key industries. Although the demand forconsumer chemicals, specialty chemicals, and healthcare products is growing healthily, basic chemicals are still struggling with high energy costs. Compared to their counterparts in Germany or France, the Spanish government's "almost no or very low" support for energy intensive industries exacerbates the situation.The Spanish Federation of Chemical Companies has stated that it is expected that by 2024, Spain's support for energy intensive industries will cost only 300 million euros per year, far less than the billions of euros provided by neighboring countries. Laszlo said, "Compared to a few countries that have established similar systems, Spain's pollution compensation is almost non-existent or very low. The problem is that the production of basic chemicals is crucial, and we need more competitive energy prices to accelerate the decarbonization processLaszlo stated that the Spanish chemical industry requires an annual investment of 3 billion euros to achieve decarbonization goals between 2025 and 2050. According to the forecast of the Spanish Federation of Chemical Companies, the Spanish government's annual support of 300 million euros for the chemical industry is far from enough. If we can receive an annual support of 3 billion euros,of which 1.7 billion euros will be used for the construction and renovation of chemical plants, 850 million euros will be used for operational adjustments during technological transformation, and 450 million euros can be used for maintenance and adaptation to new regulations. Only in this way can the Spanish chemical industry achieve its goal of reducing 12.4 million tons of carbon dioxide emissions annually by 2050. 

2025 Western International Petrochemical and Energy New Materials Industry Expo 

Under the guidance of the national "14th Five Year Plan" and the 2035 Vision Goal Outline, the petrochemical and energy industries are accelerating their transformation towards green and intelligent development. Xi'an, as an important petrochemical industry base in the western region, has unique geographical advantages and industrial clusters. On this land of Sanqin, which carries a rich history and splendid culture, Shaanxi's petrochemical and energy industries are constantly developing and advancing with a vigorous momentum. From ancient times to the present, Shaanxi, as an important strategic location and resource rich area, has witnessed countless glories and changes.Petrochemical energy new materials, this dynamic and innovative field, not only brings endless convenience to our lives, but also plays an irreplaceable and important role in energy security, industrial development, and other aspects.In order to promote the high-quality development of the petrochemical energy new materials industry, accelerate technological innovation and industrial upgrading, and strengthen inter industry exchanges and cooperation, the "2025 China (Xi'an) International Petrochemical and Energy New Materials Industry Expo" is scheduled to be held from May 27 to 29, 2025 at the Xi'an Airport Convention and Exhibition Center. The theme of this expo is "Innovative Petrochemical Technology · Lighting up the Light of Industry", aiming to create an international platform that integrates exhibition display, technology exchange, and trade cooperation, and jointly explore the green and intelligent development path of the petrochemical energy new materials industry. 

The transportation work of the Uzbuhara wind power project has been successfully completed 

On November 14th, the last set of wind turbine blades for the Uzbehara wind power project, constructed by China Energy Engineering, safely arrived at the Zankerdi wind power site, marking the successful completion of the transportation of all project units and achieving another major contract milestone for the project, laying a solid foundation for grid connected power generation.The Bukhara wind power project in Uzbekistan has a total of 1422 oversized units, with a cabin body weighing 125 tons and blade lengths exceeding 84 meters. The maximum weight of a single tower is 93 tons, and the maximum diameter reaches 4.8 meters. The entire project unit departed from multiple locations in China, including Baotou, Jiuquan, and Bayannur, and underwent a land transportation journey of up to 5000 kilometers, crossing the customs of China, Kazakhstan, and Ukraine. During the transportation process, the project team withstood multiple tests such as severe weather, poor road conditions, and tight project schedules, making it one of the largest single projects in the history of wind turbine land transportation with the most complex logistics conditions.The Bukhara 1GW wind power project in Uzbekistan, jointly constructed by China Energy Engineering International Group, China Power Engineering International Corporation, Zhejiang Thermal Power, and North China Institute, is the largest single wind power project officially launched in Central Asia. It is located in the southern part of the Turkestan Desert in Uzbekistan and includes two 500MW wind farms, Bashi and Zankerdi. After the project is put into operation, it will greatly improve the local power supply capacity, enhance the local power structure, and assist the Uzbekistan government in achieving the national new energy strategy goals by 2030. 

China-LAC Industrial Cooperation Investment Fund 

[Brief Introduction]China has established a fund of 10 billion U.S. dollars to support the country's industrial cooperation with Latin America, the central bank announced in August,2015.The CDB and China's foreign reserves raised 10 billion U.S. dollars to set up the Sino-Latin American Production Capacity Cooperation Investment Fund Co. Ltd.