wanhua(SH:600309) Qi Lu Wan Bao·2025-09-24 11:10Group 1 - The core viewpoint of the news is the successful delivery of the integrated joint venture project between Wanhua Chemical and Kuwait Petrochemical, marking it as the largest single foreign investment project in Shandong province this year, with a foreign investment of $638 million [1][2] - The project involves Kuwait Petroleum Company acquiring a 25% stake in Wanhua Chemical (Yantai) Petrochemical Co., Ltd., and signing a strategic cooperation agreement for the C2 integrated project [1] - This collaboration is expected to strengthen the energy industry chain cooperation between China and the Middle East, attracting more upstream and downstream partners to create a comprehensive industrial cluster of "oil and gas resources - high-end petrochemicals - new materials" [2][3] Group 2 - The partnership will enhance the security of raw material supply for Wanhua Chemical, mitigate future operational risks, lower the debt-to-asset ratio, and increase the international market influence of Wanhua Chemical's petrochemical sector [3] - Key figures present at the signing ceremony included the Vice Chairman and CEO of Kuwait Petroleum Company, Sheikh Nawaf Sabah, and the Kuwaiti Ambassador to China, Jassim Ibrahim Najim, along with local government officials [3]