BIIP Signed Commission Development Agreement with the

Management Committee of Pengzhou Industry Development Zone


Liu Qun, the general manager of BIIP, signed the commission development
agreement with Luo Qiang, the executive deputy director of the management
committee of Pengzhou Industry Development Zone

It is fruitful everywhere in September when the harvest season comes, and the autumn rain continuously flies in Sichuan Basin. On September 30, 2007, Liu Qun, the vice executive president of CIIC and the general manager of Beijing Yongfeng International Information Park Co., Ltd. (BIIP for short), on behalf of CIIC, and the management committee of Pengzhou Industry development Zone reached a consistent cooperation intent on the development and construction of Sichuan Petrochemical Industry Park program in Pengzhou, and the two parties signed a formal commission development agreement. Feng Kui, the deputy director of NDRC SME International Cooperation and Coordination Center was invited to attend the signing ceremony.

With the downriver product of PetroChina Sichuan 800 thousand ton/year ethylene program as the raw material, Sichuan Petrochemical Industry Park focuses on the development of petrochemical downriver processing and the supporting industries.

On November 13, 2005, NDRC approved formally the PetroChina Sichuan 800 thousand ton/year ethylene program. On February 28, 2006, the program was formally kicked off in Pengzhou. On July 27, 2007, State Environmental Protection Administration of China passed the regional environmental evaluation of the Sichuan Pengzhou 10 million ton/year oil refining program.

This is a signal to create history, which indicated that a roaring Pengzhou has sprung up before us.

According to the development plan of PetroChina Sichuan petrochemical base, the Sichuan Pengzhou 10 million ton/year oil refining program and 800 thousand ton/year ethylene program will be constructed in three stages, which were tentatively divided into initial stage, development stage and rapid development stage.

With the responsibility sense of creating history and the view of strategists, CIIC sent staffs to Pengzhou to inspect on the field on March 15, 2007, and made a decision to invest on Pengzhou supporting petrochemical industries in a very short time. After lots of communication and exchange with the management committee of Pengzhou Industry Development Zone, the two parties reached the cooperation intent, and signed a cooperation agreement on April 28. And on May 8, CIIC set up Pengzhou Office, and sent staffs to Pengzhou Industry Development Zone.

Upholding the great flag that the board of directors of CIIC promotes China's regional economic construction, under President Wang's spirit of developing and constructing the parks in other places of China as well as the correct leadership of General Manager Liu and other leaders, Pengzhou Office invited the relevant leaders of Pengzhou Government to the headquarters of CIIC to conduct program exchange and cooperation negotiation twice. Under the joint endeavor of General Manager Liu and the relevant leaders of Pengzhou Government, the two parties reached common ground on the commission development agreement of the development and construction of "Sichuan Petrochemical Industry Park".

On September 29, accompanied by Tang Hongzhi, the vice general manager of BIIP, Liu Qun, the vice executive president of CIIC and the general manager of BIIP, flew to Pengzhou. Accompanying him was also Feng Kui, the deputy director of NDRC SME International Cooperation and Coordination Center.

On September 30, BIIP conducted the final communications on the detailed issues in the commission development agreement of the development and construction of "Sichuan Petrochemical Industry Park" including the location selection, the scale and cycle of the development and construction, the program investment scale, commission development mode, profit mode, land premium, land compensation, and development and construction goals and etc with Pengzhou Government, and the two parties reached completely consistent agreement.

The successful signing of the commission development agreement of Sichuan Petrochemical Industry Park is a embodiment that the policy of developing parks in other places of China is correct, which symbolizes the initial success of the layout of Chengdu Park, stepping the key step for replicating the mode of Beijing Park. Meanwhile, it also lays a solid foundation for CIIC's great ambition of promoting China's regional economic construction and reviving great Chinese civilization.

According to the initial plan, Sichuan Petrochemical Park, from the height of city operation, will build a petrochemical industry park with "six functions (including green ecology, golden business, and world connection point and so on) in one park", which is the most competitive in southwestern region and even in the whole country by means of the perfect integration of the various industrial functions such as the manufacturing and processing, storage and transportation, logistics and distribution, office and leisure, staff accommodations, international communications and etc with the city functions.

It's convincing that a new modern petrochemical city with rich economic, technical and cultural connotations will stand erect in Pengzhou, and CIIC is committed to devoting itself to promoting China's regional economic construction and the renaissance of China's civilization.