[Haichuan Overseas Engineering] Tianchen Company signs an EPC general contract for Project Phase 1 of the Saudi Super Complex (conversion of vanadium ore into vanadium oxide) with Advanced Circular Materials Company (ACMC)

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Tianchen Company and Advanced Circular Materials Corporation (ACMC) signed an EPC contract for the first phase of the Saudi Super Complex project (converting vanadium ore into vanadium oxide). Recently, China National Chemical Corporation Tianchen Company and Advanced Circular Materials Corporation (ACMC) held a ceremony to sign the EPC contract for the first phase of this project. **** Alzoumaya, CEO of ACMC, and Guo Guihe, Secretary of the Party Committee and Chairman of Tianchen Company, attended the signing ceremony. Dr. Heinz C. Schmierbusch, Chairman of Advanced Metallurgy Group (AMG), Aziz Al-Bassam, CEO of Al Jomaih Holding Group, and Mathieu Jason, Managing Director of Advanced Circular Materials and Shell Advanced Metallurgy Recycling Company (SARBV), were among the guests who attended the ceremony. At the signing ceremony, Guo Gui had in-depth exchanges with the other guests present. He said that Tianchen Company always adheres to the principle of \"providing services that touch customers’ hearts,\" and will make full use of its comprehensive strengths in engineering technology, project management, and resource integration to offer end-to-end, all-round support for projects, ensuring their safe, high-quality delivery on schedule. The guests present highly recognized Tianchen Company’s engineering and technical capabilities as well as its ability to deliver projects on time, and presented the company with a commemorative plaque inscribed with \"Thanks and Congratulations\". During the meeting, the participants had in-depth discussions on AMC’s long-term investment plans and potential areas for cooperation. To ensure the high-quality progress of the project, ACMC and Tianchen Company jointly signed a commitment letter regarding project safety and environmental protection. This move not only represents a solemn pledge by both parties to fulfill their responsibilities in these areas but also demonstrates a strong emphasis on the safety of all personnel involved in the project, laying a solid foundation for achieving the goals of \"zero accidents and zero pollution\". Both sides stated that they will use this cooperation as a new starting point to further deepen their partnership and expand the scope and depth of their collaboration. It is reported that Advanced Circular Materials Company was established through a joint investment by Shell, AMG, and Al Jomaih. Upon completion, this project will significantly increase the added value of local raw materials in Saudi Arabia, facilitate the efficient conversion of petroleum refining waste into high-value vanadium metal products, effectively address the issue of waste disposal, and bring about substantial economic, environmental, and social benefits. In the future, the project will expand its production of vanadium batteries, whose products can be widely used in the construction of large-scale energy storage facilities. These batteries will provide important support for Saudi Arabia in establishing a clean energy storage system, optimizing its energy structure, and boosting the development of the new energy industry.