China Pavilion Highlights Green Energy Technologies— CEFC China Becomes Official Partner of China Pavilion EXPO 2017 AstanaCEFC China
Zhang Xin, General Manager of CEFC Beijing, receiving on behalf of CEFC China the plaque from Wang Jinzhen, Deputy Director of the Organizing Committee of China Pavilion EXPO 2017 Astana, government representative of China Pavilion and Vice-Chair of China Council for the Promotion of International Trade
CEFC China becomes the official partner of China Pavilion EXPO 2017 Astana
As the Opening Ceremony of the EXPO 2017 Astana Kazakhstan is drawing near, the plaque-awarding ceremony for corporate and media partners of the China Pavilion was held in Beijing on March 28, 2017, where CEFC China was awarded the official partner of China Pavilion EXPO 2017 Astana.
At this year’s Astana EXPO, China will welcome visitors from all over the world in its 1,000 m2 pavilion on the theme of “Future Energy, Green Silk Road”. The exhibition will showcase China’s new concepts and achievements in energy transformation, green energy development, environmental protection and sustainable development, as well as its pragmatic cooperation in energy and trade with Kazakhstan, countries along the “Belt and Road” Initiative, and the rest of the world.
CEFC China is committed to a strategy of expanding overseas energy cooperation, and is dedicated to facilitating the “Belt and Road” Initiative. As an official partner of China Pavilion EXPO 2017 Astana, it will showcase three advanced green energy technologies. The first highlight is a series of composite blades suitable for use in megawatt wind turbines designed by Shanghai FRP Research Institute Co., Ltd., a wholly owned subsidiary of CEFC China. These blades are designed using cutting-edge airfoil profiles, optimized by specialized software, and produced with advanced materials using sophisticated processes. Prized for their stability, lightness, strength, durability, environmental friendliness and generating efficiency, these blades have been installed in more than 60 Chinese wind farms and exported to the U.S., among other countries. The second technology is the AO desulfurization and denitrification technology designed to remove and solidify sulfur dioxide and nitrogen oxide from exhaust flue gases to ensure ultra-low emissions and effectively reduce PM2.5 concentration in the air. This sophisticated technology is superior to traditional desulfurization and denitrification methods in that it generates no waste water or residues, or any form of secondary pollution, and is therefore truly zero emission. The third technology is used for sludge treatment. It not only effectively prevents water pollution caused by sludge, but also turns useless dehydrated sludge into composite fuel rods for power plants or heating enterprises for use in industrial boilers, chain boilers and pulverized coal-fired boilers.
Apart from cutting-edge green energy technologies, CEFC China will also demonstrate the remarkable progress made by China and Kazakhstan under the “Belt and Road” Initiative. Kazakhstan has always been an important junction along the Silk Road since ancient times, connecting China to Central Asia. At the end of 2016, a railway LPG transport line from Kazakhstan to China, a project invested and promoted by CEFC China, was officially approved. On January 12, 2017, 18 railroad tankers carrying LPG left the Kazakhstan Dostyk transshipment station, in which CEFC China holds a controlling share, for Kuytun in China’s Xinjiang Autonomous Region. It is the first time that LPG has been transported from Kazakhstan to China on the railroad. The opening of this transport line would significantly enhance China’s transport capability to support its LPG import to the northwestern parts of the country, thus securing stable LPG supply for large refineries in the region.
In December 2016, CEFC China and KMG officially signed an equity transfer agreement that grants CEFC a controlling stake in KMG International (KMGI), a subsidiary of KMG. KMGI owns a number of advanced refineries and over 1,000 gas stations in important oil and gas hubs in Europe, as well as sales rights of KMG’s oil and gas products. The acquisition of KMGI has given CEFC China access to KMGI’s advanced management systems used for gas stations and oil depots, over 7000 professionals specialized in management and operation, and several of Europe’s most advanced large-scale refinery facilities and petrochemical plants. The deal enables CEFC China to take minority and controlling stakes in several other European oil companies, giving it a bigger say in the oil and gas industry in a dozen of countries along the Black Sea and Mediterranean Sea.
|Previous: CEFC China Signs Strategic Agreement to Become Largest Shareholder of Cowen|
|Next: CEFC China Shares Investment Experience under the “Belt & Road” Initiative with Domestic and Foreign Guests at China Development Forum 2017|