The EPC contract includes the integration of sulphur recovery and flare systems into BaoTa Group’s Xinjiang Kuishan Petrochemical Base. The supply of sulphur recovery systems is valued at RMB206.0 million and expected to be delivered by the end of 2015. This EPC contract will have a positive impact on the Group’s FY2014 and FY2015 results; the supply of flare systems is valued at RMB47.5 million and expected to be delivered by the end of 2014.
This EPC contract will have a positive impact on the Group’s FY2013 and FY2014 results. Save for their respective shareholdings in the Group, none of the directors or controlling shareholders of the Group has any interest, direct or indirect, in the contract. Commenting on the contract secured, Mr. Guo Hongxin, Chairman of Sunpower, said, “This contract win forms part of the development of a large petrochemical industry cluster project in Xinjiang.
Being once again involved in a project of such scale demonstrates our capability to deliver high value contract in providing energy saving and environmental protection systems. In China’s objective to reduce total sulphur dioxide emissions by 8.0% per unit of industrial added value within the 12th Five-Year Plan of petrochemical and chemical industries, the Group believes that it is well-equipped to capture higher market demand for its sulphur recovery systems in various industrial sectors.”
The contract win marks the largest contract secured for the Group’s Energy Saving and Environmental Protection Systems business segment till date and came swiftly on the heels of a recent RMB130 million EPC contract win with the Lu’an Group announced on 25 June 2013. It is also the first time that Sunpower Technology undertakes a complete fully integrated sulphur recovery systems project.
Xinjiang Kuishan Petrochemical Base is a large-scale oil-coal-chemical-power-heat integrated project with a total construction value of RMB29.8 billion and construction area of 10,000 mu.1 It boasts an annual designed capacity of 8 million tons of olefins and aromatics production through heavy oil catalytic cracking. The construction of the Xinjiang Kuishan Petrochemical Base is expected to be completed by 2015.
About Sunpower Group Limited
PRC-based Sunpower Group Ltd. specializes in the design, R&D and manufacture of customized energysaving and environmental protection products using heat-transfer technologies. Its products range from heat exchangers and pressure vessels, heat pipes and heat-pipe exchangers, pipe supports, and energysaving and environmental protection systems.
Textiles | On 19th Jan 2017
Excise duty on man-made fibres should be reduced to bring it on par...
Apparel/Garments | On 19th Jan 2017
Spanish apparel brand Mango has unveiled an adapted version of its...
Apparel/Garments | On 18th Jan 2017
The Government of India is looking at allowing 100 per cent foreign...
Dow Microbial Control
'Silvadur is most rapidly adopted in areas where hygiene-conscious and...
‘France had a reputation of being big in new ideas, but poor in marketing...
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Coating at a fibre level is a practice not usually seen in the...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Textiles | On 18th Jan 2017