The Wison Offshore Equipment Base in Qidong has received piling construction permits, marking the first batch of such permits issued by the city after Spring Festival.

With a total investment of 9 billion yuan ($1.24 billion) by Wison New Energies, the project will introduce 3,500 sets of production equipment. Land-based production facilities are expected to be completed and operational by the end of this year. Once fully operational, the project will have the capacity to produce two to three medium- to large-scale floating natural gas units annually, generating estimated taxable sales revenue of 20 billion yuan per year.

Headquartered in Shanghai, Wison New Energies is a global leader in LNG and wind power equipment manufacturing. The project set a record for the fastest signing and implementation of a major project in Qidong, taking just over a month from initial discussions on June 23 to signing the agreement on Aug 1. At the signing ceremony, Liu Hongjun, chairman of the company, praised the efficiency and quality of service provided by the Qidong government, expressing strong confidence in the city's business environment.

According to the agreement, the Qidong base will cover 1.2 million square meters. The first phase will feature a 520-meter-long, 110-meter-wide offshore dock equipped with a 2,000-ton gantry crane, with completion scheduled for the fourth quarter of 2025. The facility will have an annual steel processing capacity of 250,000 tons.

Leveraging the strategic location and natural advantages of Lyusi Port, Wison New Energies aims to develop the Qidong base into a globally competitive hub for high-end offshore engineering, integrating large-scale hull and module construction, assembly, and testing.