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Hebei Yingde Awarded the 2023 National Green Factory 

Hebei Yingde Gases Co., Ltd. (hereinafter referred to as Hebei Yingde), a subsidiary of Yingde Gases, was awarded the title as ¡°2023 Green Factory¡± by the Ministry of Industry and Information Technology of the People's Republic of China in November 2023. This is the second time for Yingde Gases to win the title after Anyang Zhongying being selected as ¡°2022 Green Factory". The honor marks that the company's green manufacturing level and low-carbon practices have once again been recognized by the national authority.

The Green Manufacturing List is part of a larger effort to build a green manufacturing ecosystem in China and to implement green manufacturing practices across the board. It helps industrial sectors achieve the goals of Carbon Peaking & Carbon Neutrality, in turn realizing the transformation and upgrading of China¡¯s manufacturing industry. As the main implementer of green manufacturing practices, green factories have provided strong impetus in the campaign to achieve carbon peaking and total carbon neutrality.

Under the guidance of China¡¯s Carbon-Peaking, Carbon-Neutral Initiative ¨C with cleaner production and development of a circular economy as the primary focus ¨C Hebei Yingde has become a proactive innovator in green-energy technology. By spearheading energy conservation projects for compressors and water pumps, the company has achieved a major indirect reduction in carbon emissions. And by optimizing technical operations to ensure air separation equipment maintains optimal performance levels, Hebei Yingde has also seen a significant improvement in aggregate unit consumption in its production facilities. Concurrently, Hebei Yingde is also advancing an entire series of improvement projects, including conserving energy in oxygen compressors and recycling contaminated argon, as well as plans to move forward on a project to recycle storage tank flash-gas. Once all the above improvements are completed, the company is expecting another major reduction in indirect carbon emissions.

Fang Jingsong, Yingde Gases Vice President and General Manager of Large-Scale On-Site Business Unit, said: ¡°Yingde Gases has been very proactive in implementing government policy to put green development concepts into practice and to build a green-energy development powerhouse. We are committed to achieving our goal to lower carbon emissions per unit of revenue 30% by the year 2030. With the technological empowerment to establish a green manufacturing ecosystem that involves resource consolidation, cleaner production practices and waste reduction, we are striving to make contributions for industrial transformation and upgrade, as well as the Carbon-Peaking, Carbon-Neutral Initiative.¡±