- The acquisition enhances core competitiveness and industry chain.
- Nanjing Engineering focuses on design, technology, and project management.
- East China Pipeline Design Institute specializes in petroleum and chemical storage and transportation.
- The deal aims to expand capabilities in hydrogen and aviation fuel pipelines.
Acquisition Overview
The Refining and Chemical Engineering Group Nanjing Engineering Company has acquired the East China Pipeline Design Institute. This strategic move aims to strengthen the company's industry chain and enhance its core competitiveness.
Nanjing Engineering's Focus
Nanjing Engineering is an international engineering company offering technology and management services globally. It emphasizes design, patent technology, and process package development, specializing in engineering contracting and project management.
East China Pipeline Design Institute's Role
The East China Pipeline Design Institute is involved in engineering design and general contracting for petroleum and chemical product storage and transportation, pipeline transportation, and oil and gas storage.
Strategic Benefits
This acquisition will expand Nanjing Engineering's qualifications in long-distance pipelines and storage facilities. It also aims to enhance engineering integration capabilities, facilitating entry into emerging markets like hydrogen energy and aviation fuel pipelines.
