Developing New Quality Productive
Forces
CIMC Enric Supports the Steel
Industry for High-Quality
Development in Low-Carbon and Green
Energy
SHENZHEN, China, Sept. 27,
2024 /PRNewswire/ -- CIMC Enric Holdings
Limited and its subsidiaries (collectively, "CIMC
Enric" or "Company") (stock code: 3899.HK) are pleased to
release that the coke oven gas to hydrogen and LNG co-production
project invested and constructed by Angang CIMC (Yingkou) New
Energy Technology Co., Ltd. ("Angang CIMC"), has officially
commenced operations, with a grand inauguration ceremony held in
Bayuquan District, Liaoning.
Angang CIMC is a joint venture established by CIMC Enric
Investment Holdings (Shenzhen)
Ltd. ("CIMC Enric (Shenzhen)"), a
subsidiary of CIMC Enric and Angang Energy Technology Co., Ltd., a
subsidiary of Angang Steel Company Limited ("Angang Steel"). This
significant milestone marks substantial progress for both parties
as they actively contribute to China's "dual carbon" strategy and drive the
transformation of traditional industries. It represents a vital
step forward in the steel industry's sustainable development,
promoting deep integration of industrial advancement with
low-carbon and green energy initiatives.
The steel industry, a pillar of the national economy, is a key
sector of energy consumption and carbon dioxide
emissions. As the world's largest steel producer and consumer,
China's green development in the
steel industry is imperative. Recently, the National Development
and Reform Commission, alongside other departments, issued the
"Special Action Plan for Energy Conservation and Carbon Reduction
in the Steel Industry". The plan seeks to explore the sector's
potential energy-saving and carbon reduction, targeting a reduction
of approximately 53 million tons of carbon dioxide emissions by
2025 through energy-saving renovations and upgrades to
energy-consuming equipment.
Ansteel Group Co., Ltd. ("Ansteel Group"), Angang Steel's
parent company, has set to reduce its total carbon emissions by 30%
from peak levels by 2035, positioning itself as one of China's first large steel enterprises to
achieve carbon neutrality. Meanwhile, CIMC Enric, a leader in clean
energy equipment manufacturing, has established a comprehensive
portfolio spanning natural gas, hydrogen, and other clean
energy sources. The strong partnership between CIMC Enric and
Angang Steel aligns with global climate change responses and
China's energy transition trends,
under which the hydrogen and LNG co-production from coke oven gas
project demonstrates the deepening cross-border cooperation between
enterprises. It serves as a flagship project, building a complete
"end-to-end" green industrial ecosystem that integrates resources,
storage, transportation, and application, playing a crucial leading
role in the green development of the steel industry.
At the resource end, the project produces high-purity hydrogen
and LNG by separating and purifying coke oven gas—a byproduct of
steel manufacturing. This process transforms waste into valuable
resources, significantly enhancing added value while aligning with
the principles of a circular economy. This project is expected to
reduce carbon dioxide emissions by 470,000 tons, sulfur dioxide
emissions by 174 tons, and nitrogen oxides by 1,344 tons annually.
Based on Angang Steel's abundant coke oven gas resources, this
project will produce 15,000 tons "blue hydrogen" annually, tailored
to local conditions. Industry reports indicate that hydrogen
production from coke oven gas can achieve over 88% carbon
reductions compared to traditional natural gas-based methods, and
over 95% compared to coal-based hydrogen production,
respectively.
At the application end, the hydrogen produced can be used for
hydrogen metallurgy and hydrogen fuel cell vehicles, while LNG
serves as a cleaner alternative to diesel and industrial coal. This
project will meet the clean energy demands of steel mills and
surrounding customers, driving upgrades of energy storage and
energy-consuming equipment, and
hydrogen refuelling infrastructure. This interconnected
clean energy innovation application chain will not only promote the
development of the local hydrogen and LNG clean energy industry
ecosystem but also further achieve energy conservation and carbon
reduction.
To better realise a fully-integrated "end-to-end" industrial
ecosystem for clean energy, this project was the first in the
country
to integrate digital intelligence technologies
with energy production, storage, transportation, and sales
scenarios, creating a comprehensive "end-to-end" ecological
solution. By deploying state-of-the-art digital management systems,
the project enhances productivity and efficiency. On one hand,
automated processes allow for the completion of the production
cycle, from raw material input to qualified product output, in just
16 days—substantially faster than the industry average. On the
other hand, CIMC Enric's independently developed intelligent
interconnected digital platform leverages next-gen digital
technologies such as artificial intelligence, the Internet of
Things, and cloud computing to integrate data from energy
production, storage, transportation, and comprehensive energy
services for customers, as well as carbon emissions data throughout
the entire lifecycle. By combining situation awareness with model
algorithms, the platform ensures operational safety. Additionally,
it optimises cost reduction and efficiency by predicting downstream
customer gas demand and adjusting upstream production plans in
real-time, maximising benefits while enhancing energy usage and
conservation efficiencies for steel mills and downstream customers.
This initiative injects strong momentum into the digital
transformation of the steel industry.
Mr. Wang Jun, Chairman of
Anshan Iron and Steel Group Co., Ltd. and Angang
Steel, stated, "As a Fortune Global 500 company,
Ansteel Group is committed to its social responsibilities and the
promotion of green manufacturing. The completion and launch of
production for this project marks a significant milestone in
our journey toward sustainable development. In the future, we will
integrate capabilities across the entire natural gas and hydrogen
value chain—from production to supply and sales. We will also
implement the 'Ansteel Group Declaration on Carbon Peak and Carbon
Neutrality' to continue fostering a green circular economy and
build a robust ecosystem for regional clean energy supply and
application."
Mr. Yang Xiaohu, Executive Director and
President of CIMC Enric, stated, "The
successful commissioning of the Angang CIMC project is a
significant achievement in both parties' commitment to the national
'dual carbon' strategic goals. This project is also a key strategic
demonstration for CIMC Enric's expansion of the clean energy
upstream industry chain. Currently, our business model for the
co-production of hydrogen and LNG from coke oven gas has been
successfully replicated multiple times. In the future, we will
continue to actively seek collaboration opportunities with large
steel mills in China, supporting
the green transformation and sustainable development of the steel
industry, and promoting the large-scale application of the hydrogen
industry to achieve both social and economic benefits."
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SOURCE CIMC