China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907.HK), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced that 2,600,000 tonnes/year coking project of Ningxia Wu Zhong City Tongda Coking Co. Ltd (“Tongda Coking”), which operation is managed by China Risun, had its Coke dry quenching steam turbine generator in action and connected to the grid in one go on 28 October 2024. That was another significant milestone and breakthrough for the Risun team after it started providing operation management services to Tongda Coking. Capable of produce 620,000 kWh per day, not only helping directly reduce production costs and increase revenue, but also improve the project’s overall competitive advantages.
China Risun and Tongda Coking signed an operation management services agreement on 18 April this year. Tongda Coking is a coal chemical company located in Taiyangshan Development Zone Industrial Park in Wuzhong City, Ningxia Hui Autonomous Region. Since June 2019, it has integrated and reorganized its existing idle assets and started the construction of an integrated coal chemical industrial park with various products such as coal mines, coal washing and coal chemical products, LNG, coal tar and crude benzene. It has thus far formed coking capacity of 2.6 million tonnes per year, and more projects will gradually start operation in due course.
Pursuant to the agreement, China Risun has dispatched a professional service team to provide comprehensive operation management services to the coke business of Tongda Coking, helping Tongda Coking to optimize the production and operation management of this business segment, reduce production and operation costs, and improve profitability. It will also use Risun’s marketing platform and supply chain system and be responsible for the purchase of raw coal, coal blending management, coking and chemical product sales and logistics for Tongda Coking’s coking business, so as to improve its operational efficiency. At the same time, it will determine the condition of Tongda Coking’s equipment during operation and maintenance services, and provide suggestions for informatization, intelligence, digitalization, and technological transformation projects that need to be implemented. By marrying strengths, working together on multiple fronts and strengthening innovation, the two companies are set to see results of their cooperation and joint development.
