[citation needed] The Binhai district was greatly affected by a large industrial-scale accident in August 2015.
On August 12, a series of explosions took place at a port chemical storage facility in Binhai, causing 173 deaths and 797 injuries.
[13] Other parts of Binhai have also been intended to be a base for China's advanced industrial and financial reform and innovation.
The Tianjin Economic-Technological Development Area (TEDA) is an early free trade zone.
Tianjin Emissions Exchange organized China's first sulfur dioxide, carbon neutral, contract energy management and energy efficiency product transactions, and established China's first voluntary emission reduction public inquiry system.
A number of major international companies including Rockefeller, Tishman Speyer, Motorola and Airbus have built branches here.
[14] In October 2024, the China Resources Recycling Group was established in the Sino-Singapore Tianjin Eco-city.