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China Xuyang Group saw steady progress in all its business areas in 2021; the leader in the coking industry expanded into the hydrogen energy sector. Author/Source: Xuyang Group Date: 2022-01-26 Clicks: 6 “2021 was a year full of challenges, but it was also a year of great achievements for Xuyang Group, with various business areas such as coking, chemicals, and hydrogen energy all experiencing successful development.” ”A relevant official from Xuyang Group told a reporter from China Securities Journal recently. It is reported that as the world’s largest independent producer and supplier of coke, Ruiyang Group continued to expand its coke business in 2021; at the same time, it expanded its business scope through mergers and acquisitions, operational management services, and other means, while also investing more in new hydrogen-related projects. Continued expansion of business scope In recent years, the capacity structure of the coking industry has been continuously adjusted, and industry consolidation is also accelerating. Xuyang Group is also driving industry consolidation through mergers and acquisitions, as well as operational management services. Xuyang Group’s interim financial reports show that as of June 30, 2021, the group had acquired 2 companies and was managing 5 others. By doing so, it not only improved the overall profitability of these companies but also expanded the scope for development and enhanced the brand influence of Xuyang’s management services division. In addition, starting in 2021, Ruiyang Group actively pursued overseas projects; it signed several overseas joint venture coking projects in June and July 2021, thereby expanding its business operations from China to Indonesia through the establishment of joint ventures. The aforementioned official also said that in addition to its continued leadership in the coking industry, starting from coking, Xuyang Group has developed chemical industry chains involving carbon materials, aromatics, alcohols and ethers, as well as hydrogen energy. Among them, the capacity expansion project for caprolactam at Dongming Xuyang, which is part of Xuyang Group, came online in August 2021; once at full capacity, Dongming Xuyang’s caprolactam production capacity will reach 300,000 tons per year ； Cangzhou Xuyang is constructing a second-phase project with an annual capacity of 300,000 tons of caprolactam; it is expected to come online by mid-2022. Once fully operational, Cangzhou Xuyang’s caprolactam production capacity will reach 450,000 tons per year. By then, Xuyang Group’s total caprolactam production capacity will reach 750,000 tons per year, positioning it as the second-largest producer in the world. Accelerate the development of the hydrogen energy industry “2021 saw the strongest momentum for hydrogen energy.” Rising Sun Group continues to make efforts to accelerate the development of the hydrogen energy industry. ”A relevant official from Xuyang Group said. According to the aforementioned official, the 500 Nm3/h hydrogen production facility of the first phase of Xuyang Group’s Dingzhou hydrogen project came online in July 2020, and is capable of producing hydrogen for hydrogen-powered vehicles as well as high-purity hydrogen that meets national standards, at a rate of 1 ton per day. The Dingzhou Phase II hydrogen production project, which is expected to come online in the first half of 2022, will have a high-purity hydrogen production capacity of 12 tons per day. It is reported that in 2021, Ruiyang Group accelerated its efforts to develop and expand the hydrogen energy industry. Xingtai Xuyang Hydrogen Energy Co., Ltd. was registered and established on July 29, 2021 ； Subsequently, in August 2021, Hohhot Xuyang Hydrogen Energy Co., Ltd. was established in Qingshuihe County, Hohhot City, Inner Mongolia Autonomous Region. In September of the same year, the Hebei Xuyang Hydrogen Energy Comprehensive Project commenced construction. According to the Hydrogen Energy Development Plan previously released by Ruiyang Group, the company’s current coking capacity is 12.1 million tons per year; it is expected to reach 30 million tons per year by 2025 and 60 million tons per year by 2030 ； Rising Sun Group currently has 2.66 billion cubic meters of hydrogen resources per year; it is expected that this figure will exceed 6.5 billion cubic meters per year by 2025, and surpass 13 billion cubic meters per year by 2030. “Next, Xuyang Group will continue to build on hydrogen production and hydrogen refueling station demonstration projects as a foundation, first establishing a hydrogen supply network in the Beijing-Tianjin-Hebei region. From there, it will pursue a strategy of \"national expansion + global outreach\" to further broaden its hydrogen business scope. The group will also enter into joint ventures with industries along the supply chain to enhance synergies, extend the hydrogen industry chain, and increase the added value of hydrogen. Meanwhile, based on the conservative estimate that Sunlight Group’s hydrogen supply capacity will reach 13 billion cubic meters per year by 2030, this will enable an annual reduction of 10.9 million tons of carbon dioxide emissions, thereby significantly promoting the green and low-carbon development of the industry and making a positive contribution to the strategic implementation of the **dual-carbon goals. ”The aforementioned official said.