Recently, Nanjing Chengzhi Clean Energy Co., Ltd. (hereinafter “Nanjing Chengzhi”) and Celanese (Nanjing) Chemical Co., Ltd. (hereinafter “Celanese”) signed the New phase II CO Supply Contract.

As a long-term strategic partner, Nanjing Chengzhi has always maintained a good cooperative relationship with Celanese, and has always won high praise from Celanese for its reliable and stable product supply. With the signing of the New Phase II Contract, Nanjing Chengzhi will continue to provide reliable CO supply to Celanese’s Nanjing plant with an annual output of 1.2 million tons of acetic acid equipment until 2034, which fully reflects the mutual recognition and enters a new stage of strategic cooperation.

Background Reading:

Chengzhi Shareholding Co., Ltd. (Stock Code: 000990) was founded in October, 1998 with the management HQ in Beijing. It is a state-owned holding high-tech industry group by taking the clean energy and chemical industry as the core.

Nanjing Chengzhi Clean Energy Co., Ltd., a wholly-owned subsidiary of Chengzhi Shareholding, established in September 2003, is located in Jiangbei New District, Nanjing City, Jiangsu Province, with a registered capital of RMB 3,685 million, and covering an area of 54 hectares, and its multiple production units are constructed in three phases.

Nanjing Chengzhi is a leading comprehensive operator of industrial gas and basic chemical raw materials in the domestic clean energy field, specializing in the production and operation of hydrogen, carbon monoxide and other gases, co-production of methanol, olefins, butyl octanol and other products, which are mainly supplied to enterprises in Nanjing Jiangbei New District and its surrounding areas. Meanwhile, the company has always insisted on the innovation, and continuously explored the conservation and environmental reuse of conventional energy, advanced production equipment and technology, making the company a model for the energy conservation, emission reduction and circular economy development in the park and even in China. In Nanjing Jiangbei New District, we have created a complementary industrial chain with our integrated coal chemical unit as the leading role in “Optimizing resource allocation and sharing cooperative benefits”.