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Yingde Gases and China Jushi Company, Ltd. (hereinafter referred to as ¡°China Jushi¡±) signed a strategic cooperation agreement on August 7, 2023 whereby Yingde Gases will design, build, operate and manage a 6,000 Nm3/h VPSA (Vacuum Pressure Swing Adsorption) oxygen plant capable of producing 93% pure oxygen. This is the first VPSA unit developed, designed and constructed entirely in-house by Yingde Engineering, and will provide solid support to China Jushi in terms of building core competitive strength. 

Since the establishment of the Carbon Peaking, Carbon Neutral Goals by the Chinese government, corporations from all sectors have begun to pursue transformation and enhancement, taking measures such as upgrading production technology and reducing carbon emissions to assume a greener development trajectory. As a highly efficient, low-carbon combustion technology, oxygen-enriched combustion has already become the technology of choice for the petrochemical, metallurgy, iron and steel and glass industries - an important means to save energy and increase output. with its advantages of simple process, reliable operation, flexible production and low operating costs, VPSA technology is the ideal source of oxygen to the oxygen-enriched combustion process.

In response to the dual demands of market development and de-carbonization / emission reduction, Yingde Gases has established a VPSA R&D department aiming to meet the needs of various sectors by providing premium quality, tailor-made VSPA oxygen solutions, as well as steady and reliable clean-energy gas supply solutions, helping to improve quality and efficiency in China's manufacturing sector, while advancing greener, low-carbon development. 

As an industry leader in the production of fiberglass, China Jushi sets a very high bar for the quality and service capacity of manufacturing technology. For this project, Yingde Gases leverages its leading EPC technology and management experience, as well as extensive technical know-how, to provide tailor-made VPSA equipment and a range of services for the operation and maintenance of said equipment, in turn providing important guarantees for high-efficiency production at China Jushi. 

Chen Kai, Vice President of Yingde Gases and General Manager of Design and Engineering Management Division said the following: " Yingde Gases has responded positively to market demand, explored multi-dimensional technological innovations, continued to expand its product line and enriched its product portfolio, and is committed to providing the industry with reliable and intelligent VPSA products with low energy consumption. We are pleased that our VPSA solutions have been accepted by China Jushi, and we look forward to both parties taking advantage of each other's strengths to achieve win-win results and to move towards a 'low-carbon' future. "

About China Jushi Company, Ltd.

China Jushi Co., Ltd. is a core enterprise in the fiberglass business division of China National Building Material Company Limited (HK3323; ¡°CNBM¡±), and specializes in the manufacture and sales of fiberglass and its finished articles as the main business. China Jushi is one of the largest enterprises in the new material industry of China and in 1999, it got listed on the Shanghai Stock Exchange (Stock name: China Jushi, Stock Code: 600176). Through many years of efforts, China Jushi has become the leading enterprise in the fiberglass industry with sound governance, distinct strategy, good assets, excellent culture, lean management, advanced technology and complete sales network.

About Yingde Engineering

As one of the core business units of Yingde Gases, since 2013, Yingde Engineering has successfully put more than 50 sets of metallurgical and chemical air separation equipment into operation which are independently designed, manufactured and constructed by Yingde Engineering,  more than 20 sets of which with the capacity of 60,000 Nm³/h or above. Yingde Engineering has the annual capability to produce over 10 sets of 60,000-120,000 Nm?/h ASUs, as well as more than 20 sets of cold boxes for oxygen recovery, argon recovery, helium-neon-krypton-xenon production, high-purity oxygen, liquid air energy storage, and chemical tail gas purification, providing total solutions of design, manufacturing, installation, commissioning, engineering management, and project consulting services for air separation equipment, cryogenic equipment, green hydrogen equipment, and coal-water slurry gasification equipment for the group and customers from various industries.