What is the story about?
What's Happening?
China Machinery Industry Fifth Construction Corp Inc. (CMIC) has completed the shipment of the first batch of chemical tanks for the Indonesia KNI project. This project aims to produce 120,000 tonnes of nickel-cobalt hydroxide annually. The initial shipment, weighing 385 tonnes, marks the start of delivery and includes various types of tanks and equipment.
Why It's Important?
The delivery of chemical tanks is a crucial step in expanding Indonesia's raw material production for new energy power batteries. This project supports the development of a complete industrial chain, promoting local economic and social growth. It highlights Indonesia's role in the global supply chain for new energy technologies.
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