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Signing Ceremony of Advanced Material and New Energy Integration Project between STL, Dushan Harbor District and Air Liquide Holds Successfully

STL intends to cooperate with Air Liquide to build Advanced Material and New Energy Integration Project in Dushan Harbor Economic Development District in order to build a chemical new material technological company cored on low carbon raw materials, construct complete industrial chain ecosystem, impulse the target and requirement of carbon neutral as well as promoting hydrogen energy using in Yangtze River Delta. The Signing Ceremony was held on Mar. 20th in Pinghu Government Conference Center.

As the first billions level project in Dushan Harbor Economic Development District in 2021, it is also the key project in Advanced Material and Hydrogen Energy Comprehensive Utilization Industry.

STL plans to build 800,000 t/a PDH, 800,000 t/a butyl alcohol and 120,000 t/a NPG Units, which will make up for the requirements of present industrial chain raw materials as well as providing a large number of high purity hydrogen for the Project. Air Liquide will set up a company in Dushan Harbor Economic Development District to build hydrogen filling station and liquefaction units. The Project covers an area around 500 acre and is invested about RMB1.15 billion totally (STL invests RMB1.02 billion). It plans to start construction by Nov, 2021 and put into production by Jun, 2024.

Under the witness of all participants, the three parties signed on the Advanced Material and New Energy Integration Project Cooperation Framework Agreement.

Chairman and President of STL Mr. YANG Weidong expresses that under the leading and support of the government and management committee, STL transforms the mudflats into Pinghu Harbor Chemical New Material Industrial base. Our products is widely used in many fields, sharing happiness with the whole world. The cooperation contributes to rich and optimize the industrial construction as well as extending core industrial chain. What is more, it can extend hydrogen energy industrial chain with Air Liquide and build a green ecosystem.

CEO of Air Liquide YAN Jinping presents that the cooperation will accelerate the deployment of the production, storage, transport system of renewable hydrogen and liquid hydrogen filling station, which will promote the development of hydrogen energy industry in Pinghu and contribute to carbon neutral in China by 2060.

Lastly, Vice Director of Standing Committee of Jiaxing Municipal People’s Congress, Secretary Municipal Committee of Pinghu QI Hailong make an important speech. He says the powerful combination between STL and Air Liquide agrees with the view of Pinghu’s industry orientation. It will impulse Pinghu to build the ‘New Material Industrial Base on the north shore of Hangzhou Bay’ and ‘China Hydrogen Bay’.

2021 is the start year of China’s 14th Five-Year Plan, the Project is an important step of the STL’s strategy, ‘cored on low carbon raw material, build chemical new material industrial chain’. It shows that STL actively respond to the call of the nation and carry out the policy guidance of Hydrogen Energy Development, which has an influence on optimizes hydrogen source, establish hydrogen energy strategy cooperation ecosystem and promote the development of hydrogen energy industry in Yangtze River Delta.