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Yankuang entered agreement with Air Liquide

2019-01-05 15:20:00

On the morning of January 4, Yankuang Group and Air Liquide Group (France) signed a cooperation framework agreement in Jinan, capital of Shandong province. The new energy business of Yankuang Group entered strategic breakthrough phase.

As one of the most potential clean energy globally, hydrogen energy could be widely used in transportation, electric power and other fields and was regarded as the final resolution for new energy vehicles. Pursuant to the agreement, Yankuang and Air Liquide will innovate cooperation models based on coal gasification hydrogen production technology and hydrogen resource advantages of Yankuang and experience in hydrogen energy infrastructure and operations of Air Liquide. The two organizations will develop complete hydrogen energy ecological industry chain in Shandong areas, build hydrogen energy infrastructure network, thus to jointly to promote Shandong hydrogen energy and hydrogen fuel cell vehicle solutions.

Yankuang has the world class technology of hydrogen production from coal, which can realize low-cost and large-scale. Since last year, Yankuang Group has accelerated the development of hydrogen energy and has reached cooperation intention with Taiwa Syoji Co., Ltd. (Japan) and International Energy and Environmental Protection Promotion Society (Japan) in use of hydrogen energy.

Mr. Li Xiyong, the Chairman of Yankuang Group and the Secretary of Yankuang Committee of the CPC, said that Yankuang has made a three-year plan for the group’s hydrogen energy business, which focused on hydrogen energy, methanol, syngas, fuel cell power generation technology, etc. Yankuang will strength research on hydrogen energy technology, cooperate with domestic top-tier scientific research institutes to establish New Energy College, create supply-side industrial system covering hydrogen energy preparation, purification, storage and transportation, build demonstration for utilization of hydrogen energy vehicles, thereby promote the company to take the lead in transformation and development with high-quality and efficiency in replacement of growth drivers.