It has now been over a year since phase I of Huayi Qinzhou Base in China (Guangxi) Pilot Free Trade Zone (FTZ) was completed. During that time, the base expanded the market of the countries and regions participating in the Belt and Road Initiative.

Aerial view of phase I of Huayi Qinzhou Base. [Photo/WeChat account: gh_df8bc987e060]

On June 15, 2021, the project was completed and put into operation, becoming a major industrial project worth over 10 billion yuan ($ 1.49 billion) during the 14th Five-Year Plan period (2021-25) in Guangxi.

Workers build phase I of Huayi Qinzhou Base. [Photo/WeChat account: gh_df8bc987e060]

Over the past year, the project has completed the construction of 286 sets of large-scale equipment and more than 2,000 sets of supporting equipment.

Since it was put into operation, the project has produced about 1.48 million metric tons of methanol and 630,000 tons of acetic acid, with an output value of about 5.5 billion yuan and a tax payment of about 790 million yuan.