Qingzhou Zhonglian Annual Output of 200,000 Tons of Carbon Dioxide Full Oxygen Combustion Enrichment and Purification Demonstration Project Successfully Ignited

2024-01-12 19:48:32

On January 9, 2024, Qingzhou Zhonglian's annual output of 200,000 tons of carbon dioxide oxy-fuel combustion enrichment and purification demonstration project was successfully ignited, and a celebration ceremony for trial production and operation was held on January 12, marking that the demonstration project has entered the trial production and operation stage in an all-round way.

On January 9,

2024, Qingzhou Zhonglian's annual output of 200,000 tons of carbon dioxide oxy-fuel combustion enrichment and purification demonstration project was successfully ignited, and a celebration ceremony for trial production and operation was held on January 12, marking that the demonstration project has entered the trial production and operation stage in an all-round way.

Qingzhou Zhonglian's annual output of 200,000 tons of carbon dioxide oxygen combustion enrichment and purification demonstration project is an important measure for Qingzhou Zhonglian to actively respond to the needs of the national double-carbon strategy, implement the high-quality development of the cement industry of China Building Materials Group, promote the strategic transformation of the "green revolution" of the cement sector of the Group, and realize the green low-carbon sustainable development of the building materials industry. The demonstration project, which is jointly tackled by Tianjin Cement Institute and Shanghai Kaisheng Energy Conservation and invested by Qingzhou Zhonglian, is the largest carbon capture project in the field of oxy-fuel combustion coupling carbon capture technology in the global cement industry, the first set in Shandong Province and the first carbon capture and utilization project in the cement sector of China Building Materials Group. It has been listed in the first batch of key scientific and technological projects in the national building materials industry. During the

construction of the project, under the correct decision-making of China Building Material Group, China Building Material Co., Ltd., New Tianshan Cement and the strong leadership of Zhonglian Cement , and with the strong support and assistance of local governments at all levels, the project was completed. With the close cooperation of Tianjin Cement Institute and Shanghai Kaisheng Energy-saving Project Team as well as the participating units, all the participants have unified their ideas and firm confidence, practiced the concept of "making good use of resources and service construction", kept in mind the heavy trust of the group leaders, never forgot the heavy responsibilities they shoulder, and resolutely implemented the requirements of the group company for project management. Always keep in mind the working concept of "safety, investment, construction period and quality", overcome the unfavorable factors such as narrow construction site, tight construction period, heavy tasks, extreme rain and snow weather, strive for time and progress, and make every effort to promote the construction process of the project and achieve the ignition goal smoothly.

In the next step, Qingzhou Zhonglian will work together with Tianjin Cement Institute and Shanghai Triumph Energy Conservation Project Team to complete the production commissioning and performance assessment of the demonstration project on schedule according to the contract target, and strive to build the demonstration project into a benchmark project of global oxy-fuel combustion coupling low-energy carbon capture technology with international leading technical indicators.

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.