CAIRO, April 10 -- China's Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Pipes) has signed a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone.

PT Shuoshi Indonesia Investment, a company based in Morowali Regency, successfully completed its first export of ferronickel to Zhapu, China.

With advanced technology, a solid industrial foundation, capable talent and favorable policies, steel enterprises in Changzhou, East China's Jiangsu province, are quickly marching toward a smarter and greener stage.

Their remarks came after the State Council recently announced an action plan for energy conservation and carbon reduction for 2024-25. It relaxed requirements on new energy utilization in resource-rich areas from 95 percent to 90 percent.

Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking process, BioIron.

Currently, disclosures by Chinese companies are largely voluntary and lack uniform standards, according to the ministry.

Using helicopter sling methods, they performed defect elimination tasks and installed distributed fault diagnosis devices on the ±800kV Tianzhong Line.

They highlighted that the relaxation of the requirement on the utilization rate of new energy may create about 74 gigawatts of new installations, bringing multiple benefits to key sectors.