The Hebei Xuyang Hydrogen Energy Comprehensive Project has commenced construction, marking another step forward in Xuyang Group’s (01907) efforts in hydrogen energy development

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The construction of Hebei Xuyang Hydrogen Energy Comprehensive Project has begun, marking another step forward in Xuyang Group’s (01907) efforts in hydrogen energy development. Author/Source: Date: 2021-09-08; Clicks: 23. According to Zhitong Finance APP, at 10:18 a.m. on September 2, 2021, the groundbreaking ceremony for the Hebei Xuyang Hydrogen Energy Comprehensive Project, carried out by Hebei Xuyang Energy Co., Ltd. (referred to as “Hebei Xuyang”), was held at the project site in Dingzhou Park. Zhao Hongliang, Deputy Secretary of the Dingzhou Municipal Party Committee; Zhang Erwen, Deputy Secretary of the ** Party Group of Dingzhou City, Secretary of the Party Working Committee of the Economic Development Zone, and Director of the Management Committee, among other leaders; Wang Yingqi, Chairman and General Manager of Hebei Xuyang; Wang Huadong, Executive Vice General Manager; all middle and senior management officials of the company; as well as representatives from various construction units were present. The opening ceremony was presided over by Wang Huadong, with Wang Yingqi delivering a speech and Zhang Erwen giving a talk to announce the official start of the project’s construction. 　　It is reported that in response to the calls from ** and the provinces and cities where its production facilities are located, Ruiyang Group (01907) has made significant efforts to develop clean energy sources and continue to advance its transformation and upgrading. Seizing the opportunity presented by the rapid growth of hydrogen energy in the context of carbon peak and carbon neutrality goals, the group established a hydrogen energy division and a dedicated hydrogen energy company in 2020. By July 2020, the first phase of the project, capable of producing 1,000 kilograms of high-purity hydrogen per day, was successfully brought online, and the group has since achieved stable sales of hydrogen-based products in the electronics, food, and hydrogen refueling station industries. This year, Ruiyang Group has further developed a systematic plan for the development of hydrogen energy, proposing a \"1-1-2-4\" development strategy that includes \"one line (production, storage, transportation, refueling, and utilization), one network (a smart hydrogen supply network covering the entire country), two pillars (technology and services), and four stages.\" The group aims to become a supplier of clean and low-carbon energy, an integrator of energy ecosystems, a provider of advanced energy technologies, and an outstanding service provider for energy transition. At the same time, it is actively exploring profitable and replicable business models to effectively implement the group’s energy strategy, contribute to carbon neutrality, and create new sources of business growth. 　　The hydrogen energy complex that is set to begin operation this time covers an area of over 60 mu, with an investment of 190 million yuan. It mainly involves the construction of a high-purity hydrogen production facility capable of producing 12,000 kilograms per day, in order to increase hydrogen production capacity; the construction of a liquid hydrogen production facility capable of producing 1,000 kilograms per day, to create a demonstration site for the use of liquid hydrogen in civilian applications; and the establishment of a high-standard hydrogen energy testing center to ensure the quality of hydrogen energy products. Upon completion, the project will become a leading production base for high-purity hydrogen and liquid hydrogen, as well as a hydrogen energy support service center in the Beijing-Tianjin-Hebei region. It will play a positive role in helping Dingzhou City and the entire Beijing-Tianjin-Hebei area improve their energy structure and advance the goals related to carbon reduction. 　　The 12,000 kilograms per day hydrogen production facility, which is part of this comprehensive hydrogen energy project, was planned and established in line with the higher requirements for green and low-carbon development set by the **\"3060\" dual-carbon targets. It aims to contribute to the development of the \"Beijing-Tianjin-Hebei Hydrogen Fuel Cell Vehicle Demonstration City Cluster,\" a project proposed by Beijing and recently approved by five government departments. According to the hydrogen energy planning estimates for the cities included in these initial pilot city clusters, by 2025, the demand for hydrogen within a 250-kilometer radius around Dingzhou will reach 23 tons per day. In order to significantly increase the hydrogen supply capacity and meet the future hydrogen demand in the Beijing-Tianjin-Hebei region, Xuyang Group, in line with the company’s overall development plan for the hydrogen industry and focusing on early action and seizing opportunities, conducted numerous thorough evaluations before finally deciding to launch the second-phase hydrogen production project at Hebei Xuyang, with a capacity of 12,000 kilograms per day, and proceeding with it at full speed. This project uses the methanol off-gas from methanol production units (with a hydrogen content of 69.68%) as raw material, and employs advanced PSA pressure swing adsorption technology to further increase the purity of hydrogen to 99.999%, thereby meeting the standards required for hydrogen used in fuel cells. It falls under the category of projects aimed at comprehensive resource utilization and energy conservation, satisfies the requirements of a circular economy, is in line with industry policies and relevant planning guidelines that encourage such initiatives, meets the industry’s entry requirements, and helps to reduce environmental pollution and carbon emissions. 　　The 1,000 kilograms per day liquid hydrogen production demonstration project as part of this comprehensive hydrogen energy initiative was established with the aim of reducing the costs associated with storing and transporting hydrogen, as well as enhancing the supply capacity of hydrogen energy. It takes advantage of the three new standards for liquid hydrogen recently issued by the Standards Committee, which bring significant benefits to the liquid hydrogen industry, lay the foundation for its use in transportation and various civilian applications, and facilitate hydrogen energy companies and institutions in exploring business models for utilizing liquid hydrogen in different sectors. Once completed, this facility will provide hydrogen refueling services for hydrogen-powered vehicles in Dingzhou City and the surrounding areas, serving as a valuable model for hydrogen energy development in the Beijing-Tianjin-Hebei region. 　　Hebei Xuyang of Xuyang Group is a company with strong comprehensive capabilities and a high sense of social responsibility. Over the 18 years since its establishment, Hebei Xuyang, under the correct leadership of the Dingzhou Municipal Party Committee and Government, has invested a total of 10 billion yuan. It has achieved sales revenue of 98 billion yuan and paid 3.7 billion yuan in taxes. Starting as an acquisition of a bankrupt enterprise, it has grown into Dingzhou’s first modern large-scale energy and chemical industrial park with annual revenues exceeding 10 billion yuan. Currently, it is capable of producing more than 30 types of products, has an annual hydrogen production capacity of 1 billion cubic meters, and generates 800 million kilowatt-hours of power from waste heat. It supplies heat to 3.5 million square meters of buildings in the city, and provides 20,000 tons of steam per year to surrounding enterprises, creating employment for over 36,000 people. It has successively received a series of honors and certifications such as **-level Green Factory and High-Tech Enterprise, becoming a benchmark in the industry. 　　Through the construction of the Hebei Xuyang Hydrogen Energy Comprehensive Project, Xuyang Group will effectively enhance its level of green and low-carbon development. It will also diversify its core business activities, expand its operational scale, and acquire more customers across various channels, thereby enabling it to expand into upstream and downstream segments of the industrial chain and raising the variety and volume of its products to new levels. Meanwhile, as a significant effort to help build a hydrogen energy demonstration city, this project will play a key role in improving the quality and efficiency of local industrial development, generating economic benefits for the region. It will also spur the growth of related industries such as new energy, aerospace, transportation, electronics, petroleum, and chemical manufacturing, while contributing to technological advancements in the liquid hydrogen sector. All of these factors will help optimize the energy structure in the Beijing-Tianjin-Hebei region and advance efforts toward achieving carbon peak and carbon neutrality.