Investment agreement signed for a project in Guyang County with a total investment of around 4.8 billion yuan, aiming to produce 1.25 million tons per year of green electricity, green hydrogen, and green steel through integrated production
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On December 5, Guyang County held a signing ceremony for the investment agreement regarding the project to produce 1.25 million tons per year of green electricity, green hydrogen, and green steel in an integrated manner. This signing marks a crucial step for Guyang County in promoting the green transformation and upgrading of its metallurgy industry and in implementing the \"dual carbon\" strategy, thereby helping the county to turn its abundant wind and solar resources into advantages in green industries and energy security. The total investment in this project is approximately 4.8 billion yuan, with a land area of around 1,040 mu. It mainly involves the construction of facilities for an integrated project that produces 1.25 million tons of green electricity, green hydrogen, and green steel, as well as related auxiliary facilities. The project construction period is 3 years, to be carried out in two phases. Phase 1 is scheduled to begin construction in April 2026 and go into operation in August 2027. This project will replace the traditional blast furnace carbon-reduction ironmaking method, reducing carbon emissions at the source and aligning with the trend of deep decarbonization in the steel industry. The implementation and operation of the project will bring significant economic and social benefits. Once fully built and operational, it is expected to generate an annual output value of 6.34 billion yuan, with annual tax revenues of at least 520 million yuan. It will also create employment for nearly 1,500 people, playing a significant role in expanding the regional economy, increasing fiscal revenue, and providing more job opportunities. The project will help boost Baotou’s transformation into a \"green steel city,\" and assist Inner Mongolia in turning its wind and solar resources into advantages in green industries and energy security.
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