[Haichuan Hydrogen Energy] The Air Products comprehensive hydrogen energy project in Binhai, Weifang, Shandong, USA is set to go into operation soon

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The Weifang Binhai Hydrogen Energy Comprehensive Project was invested in and constructed by Air Products of the United States, with a total investment of 38 million US dollars. It is the first hydrogen energy comprehensive project in the city, and it also serves as a key supporting project for the city’s “Hydrogen Energy Demonstration City” initiative as well as the provincial “Hydrogen to Every Home” technology demonstration project. The project mainly involves the construction of 3 sets of natural gas pyrolysis hydrogen production facilities along with related infrastructure, to produce high-purity electronic-grade and fuel-grade hydrogen, as well as industrial gases such as liquid nitrogen, liquid oxygen, liquid argon, and liquid carbon dioxide, with an annual total production capacity of 17,000 tons. Phase 1 began construction in July 2021, with operations scheduled to start in the near future; it is expected to generate annual revenues of 240 million yuan and tax revenues of 26 million yuan. At the same time, Air Products of the United States will leverage this project to work together with Weifang Port’s liquefied products terminal to import liquid ammonia from Saudi Arabia. It will invest $300 million in building zero-carbon liquid ammonia cracking facilities for the production of zero-carbon hydrocarbons in the Binhai area; once completed, these facilities are expected to generate annual revenues of 900 million yuan and taxes of 120 million yuan.