By Victor Leung2016-04-28T01:01:00+01:00
Kunshan Carbon Dioxide Co. Ltd, a wholly-owned subsidiary of Suzhou Jinhong Gas Co. Ltd, has started up a carbon dioxide (CO2) production plant in Kunshan, a city in southeast Jiangsu province and adjacent to Shanghai.
The area of the site is 10,000m2, while the plant – a CO2 recovery plant in cooperation with the China Salt Group – has a design capacity of 200,000 tonnes of food grade CO2 and 5,000 tonnes of dry ice per year.
Meanwhile, in another part of the country, Xinjiang Cryogenic Gases Co. Ltd has also started up the first phase of a 200,000 tons per year CO2 plant after nine months of construction.
When the whole project is completed, it will increase the total CO2 production of the holding group Henan Xinlianxin Shenleng Energy Co. Ltd to 600,000 tonnes per year. The total project investment is reported to be RMB 45m (approx. $6.92m) and will be constructed in two phases.
Henan Xinlianxin Shenleng Energy Co. Ltd is headquartered in Xinxiang of Henan province, in central China, and is listed in the NEEQ of China – reporting an annual turnover of RMB 117.7m (approx. $18.1m) in 2015 and a gross profit ratio of 49.9%. The group also produces and sells methane and hydrogen and trades in the three major air gases.
According to the 2015 annual report released recently by Hangzhou Hangyang, China’s leading air separation equipment manufacturer and local industrial gas producer is seeing a trend for its industrial gases business surpassing that of its equipment manufacturing operations.
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