CIMC Enric Holdings Limited and its subsidiaries said that the coke oven gas to hydrogen and LNG co-production project invested in and constructed by Angang CIMC (Yingkou) New Energy Technology Co. Ltd., has officially commenced operations, with a grand inauguration ceremony held in Bayuquan District, Liaoning.
Angang CIMC is a joint venture established by CIMC Enric Investment Holdings (Shenzhen) Ltd., a subsidiary of CIMC Enric, and Angang Energy Technology Co. Ltd., a subsidiary of Angang Steel Company Limited (Angang Steel). This significant milestone marks substantial progress for both parties as they actively contribute to China’s “dual carbon” strategy and drive the transformation of traditional industries. It represents a vital step forward in the steel industry’s sustainable development, promoting deep integration of industrial advancement with low-carbon and green energy initiatives.
The steel industry, a pillar of the national economy, is a key sector of energy consumption and carbon dioxide emissions. As the world’s largest steel producer and consumer, China’s green development in the steel industry is imperative. Recently, the National Development and Reform Commission, alongside other departments, issued the “Special Action Plan for Energy Conservation and Carbon Reduction in the Steel Industry”.
The plan seeks to explore the sector’s potential energy-saving and carbon reduction, targeting a reduction of approximately 53 million tons of carbon dioxide emissions by 2025 through energy-saving renovations and upgrades to energy-consuming equipment. At the resource end, the project produces high-purity hydrogen and LNG by separating and purifying coke oven gas—a byproduct of steel manufacturing. This process transforms waste into valuable resources, significantly enhancing added value while aligning with the principles of a circular economy.
