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 signed an agreement with Jiangsu Tianyu Energy & Chemical Group Co., Ltd. (“Tianyu Group”) on 24 December, 2024. China Risun will apply its “sales, transportation, manufacturing, supply, R&D” integrated operation management system, and start providing comprehensive operation management services to an 1.8-million-tonne a year coking chemical facility of Xuzhou Tian’an Chemical Co., Ltd. (“Xuzhou Tian’an”) under the latter, to help the facility optimize overall operation management quality, efficiency and effectiveness. And China Risun would officially take over at 0:00 on 24 December.
Xuzhou Tian’an is a subsidiary of Tianyu Group, which is a large-scale private enterprise in the business of coal washing and selection, coking, chemical production, power generation, mining, etc. It is also a top 50 industrial enterprises in Xuzhou and leading coal and coking enterprise in the Longgu Industrial Park of Peixian County, operating two 65-hole JNDK55-07 5.5m tamping coke ovens and one 65-hole CS55F-12 5.5m tamping coke oven, equipped with a 170t/h and a 90t/h CDQ power generator respectively, capable of putting out 1.8 million tonnes of coke a year.
The cooperation is founded on Xuzhou Tian’an owning the 1.8-million-tonne a year coking chemical and supporting facilities and China Risun’s leading and highly efficient coking and chemical production, operation and management capabilities, plus leading edges in equipment optimization, cost reduction and efficiency enhancement, automation, informatization, environmental protection and governance, energy saving and cost reduction, production safety, supply chain management, circular economy and comprehensive energy utilization in China, complemented by its extensive industry experience, sincere customer service system, rigorous closed-loop operation management, first-class energy saving and emission reduction technologies, and integrated R&D capabilities. The team, which is deployed by China Risun at Xuzhou Tian’an’s facility, is responsible for production and operation management, including but not limited to, production management, operation management, organizational structure management, institutional management, technological management, quality management, human resources management, compensation management, financial management, and safety and environmental protection. The work target is to optimize the production and operation indicators of the coking units, reduce costs, and improve quality and effectiveness of the facility, so it could achieve management service goals in 13 aspects, including realizing optimum production and efficiency, stable product quality, effective cost control, raising per capita labor efficiency, safety and environmental protection control, and achieving ultra-low emission standards and leading operating efficiency.
Based on this cooperation, China Risun to expand its business presence to Jiangsu and better serve customers in Eastern and Southern China. Operation management services have covered overall custodial management, integrated marketing, supply chain management, production base planning consultation, product line planning and production, technology, logistics, environmental protection, security, R&D, digital enhancement, corporate management and financing services, for multiple upstream and downstream industries including coking chemicals, chemicals, and new energy. There are currently eight projects underway, with total annual production capacity reaching 8.86 million tonnes – 8.20 million tonnes coke and 660,000 tonnes chemicals. Supported by the Group’s unique core competitiveness and operation management system, the business is gradually becoming a new growth pole for the Group.
