On Jan. 25, report learned from West Coast New District of Qingdao that recently, a 30-million-dollar project of deep sea production system is going through the registration procedure in the commercial bureau. The projectofficially lands in New District of West Coast. After the project is put into production, it will have a total sales amount over 2 billion yuan in 5 years.

The project, invested by Dr. Huang Peishan, president of Subsea Engineering Inc., fills the gap in the 3-kilometer deep sea underwater operation system of China and Asia. The products will include deep sea valves, connectors, and propellers of deep sea oil production.

The project will promote the development of equipment manufacturing industry, promote the core technical level of equipment manufacturing industry in New District and fill in the gaps of the techniques and products of deep sea underwater operation system.