Tianjin Dalu Hydrogen Production Equipment Co., Ltd.'s "Investment Delivery and Phase II Plant Foundation Laying Ceremony" Successfully Completed

Tianjin Dalu Hydrogen Production Equipment Co., Ltd.'s "Investment Delivery and Phase II Plant Foundation Laying Ceremony" Successfully Completed

On June 8, 2023, a grand investment delivery and foundation laying ceremony for the second phase of the plant were held at Tianjin Dalu Hydrogen Equipment Co., Ltd.

Zhao Chunxing, Deputy District Mayor of Jinghai District, Tianjin City, Chen Junjun, Deputy Director of the Party Group and First level Inspector of the Tianjin Municipal Bureau of Industry and Information Technology, Liu Huizhong, Deputy Director of the Tianjin Science and Technology Bureau, Zhou Zhenfang, Secretary General of the Hydrogen Professional Committee of the China Gas Association, Hu Shilin, Chief Scientist of the China Academy of Atomic Energy, Zhou Lenghan, Chief Scientist of the 507 Institute of the China Astronaut Research and Training Center, relevant departments of the district government, news media, financial institutions, and shareholders were invited to attend.

In his welcome speech, Chairman Zhao Yingchun reviewed the company's struggle since its establishment in 1994, as well as the achievements made with the support of the Tianjin and Jinghai District governments in focusing on the research and development, manufacturing, and sales of water electrolysis hydrogen production equipment, adhering to the introduction of key talents, technological innovation as the guide, market as the goal, and the development concept of quality as life.

For decades, the company has undertaken and completed major scientific and technological projects such as the National "863" Torch Program and dozens of scientific research projects in Tianjin, and has received support from the Mayor's Fund. The mainland company has grown into a leading enterprise in the industry, with hydrogen production equipment covering various regions of the country and exported to more than 40 countries on five continents. The company's brand has a high influence both domestically and internationally!

The hydrogen production unit equipment with a capacity of 1000m3/h launched by the company has attracted worldwide attention and is also the largest hydrogen production equipment in the world that has been safe, reliable, and stable for a long time. The company's R&D team has collaborated on multiple projects and national core technology research and development with multiple universities, research institutes, and academician teams. The technology is at the forefront of the industry and at the world's advanced level. The company has participated in and developed multiple international ISO standards, national GB standards, and industry and group standards.

In recent years, with people's increasing awareness of green hydrogen, especially President Xi Jinping's "30, 60" carbon reduction commitment, hydrogen energy has been included in the national strategy, and the development momentum of the hydrogen energy industry is rapid. The mainland company is also at the forefront of the hydrogen energy industry. The entrepreneurial team established by Mr. Xu Junming, who is known as the "father of Chinese electrolytic cells", with the support of the government and numerous investors, has the responsibility to expand and strengthen the hydrogen energy industry, and contribute to our country. This is also our willingness and original intention to finance and implement factory construction.

In terms of financing, the company completed equity optimization in 2021 and successfully signed contracts with three investment companies led by Three Gorges today. The equity structure of the mainland company has changed from three shareholders to six, with an asset size of 160 million yuan. Strong alliance can be achieved through financing!

In terms of project construction, the expected investment for the second phase of the factory building construction is 50 million RMB, with a total construction area of approximately 8000 square meters. After the expansion of the factory, the company will add a large number of CNC equipment and automated production equipment. At that time, the company's annual hydrogen production equipment will increase to more than 320 sets, and the expected output value will exceed 1 billion yuan by 2025.

With the completion of the above two major tasks, it will effectively promote the company to enter a three-year period of rapid development, and also lay a solid foundation for the company's comprehensive integration into the capital market in the future.

Zhao Chunxing, Deputy District Mayor of Jinghai District, Tianjin, warmly congratulated the conference. He pointed out that as a well-known high-tech enterprise at home and abroad, the mainland company has participated in the formulation of industry standards multiple times, creating multiple industry leaders and world leaders. With the strong alliance between mainland hydrogen production and state-owned enterprises such as Three Gorges Corporation and Dongfang Electric, it will undoubtedly accelerate the development and improve the quality and efficiency of Jinghai's new energy and advanced manufacturing fields.

We look forward to mainland companies further leveraging their resource advantages, gathering strength to strengthen and extend their industrial chains, driving more upstream and downstream, left and right bank enterprises to invest and develop in Jinghai, and striving to create a model for leading enterprises to drive the development of the entire new energy industry chain cluster.

He emphasized that all levels and departments in the region should firmly establish the concept of "serving enterprises is serving development", optimize processes, compress time limits, provide frontline services, promote parallel promotion, efficient docking, and rapid construction of various links, and create a calm sea speed and quality.

Chen Junjun, a member of the Party Group and first level inspector of Tianjin Municipal Bureau of Industry and Information Technology, pointed out in his speech that hydrogen energy, as a green and efficient secondary energy, has extremely important strategic value for China to achieve carbon peak and carbon neutrality goals. The development of hydrogen energy is in line with national strategy and the reality of Tianjin. As a national high-tech enterprise, Mainland Hydrogen Production has been focusing on the development of water electrolysis hydrogen production technology and equipment manufacturing for more than 30 years. With the addition of strategic investors and the construction of the second phase of the plant, it hopes to further expand production capacity, meet the demand of the hydrogen energy market, and assist in the green and low-carbon transformation of our city's economic and social development. We will take this project construction as an opportunity to provide comprehensive services and promote the project to be put into operation and achieve results as soon as possible.

The Secretary General of the Hydrogen Professional Committee of the China Industrial Enterprise Association delivered a congratulatory speech, stating that the Hydrogen Professional Committee will uphold the association's purpose and spirit, strengthen comprehensive and in-depth exchanges and cooperation with mainland companies, play a positive role in promoting technological progress and development of China's hydrogen energy industry, and make new contributions to it.

Li Hang, General Manager of Dongfang Jiangxia Industrial Investment Company, congratulated the successful convening of the conference and hoped that the mainland company would seize the opportunity to promote capacity upgrading, strive for early completion, smooth production and benefit creation.

Subsequently, amidst applause, Zhao Yingchun, Chairman of Tianjin Dalu Hydrogen Production Equipment Co., Ltd., Li Hang, General Manager of Dongfang Jiangxia Industrial Investment Company, and Li Zengxi, Executive Director of CMB International, jointly completed the investment delivery and signed. The leaders and guest representatives attending the meeting laid the foundation with flowers, colorful bullets, and ceremonial cannons. Thus, the "Investment Delivery and Phase II Plant Foundation Laying Ceremony" of Tianjin Dalu Hydrogen Production Equipment Co., Ltd. has been a complete success.

Today's foundation is tomorrow's harvest. I believe that with our joint efforts and broad support from all sectors, hydrogen production in mainland China will definitely become stronger and better, and achieve success!