(Hong Kong, 24 April 2024) – Risun Marketing Co. Ltd. (“Risun Marketing”) under 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 a technology management services agreement with Luoyang Longze Energy Co., Ltd., ("Luoyang Longze"). Yang Xuegang, Chairman of China Risun, and Wang Haojie, Chairman of Luoyang Longze, attended the signing ceremony.
Following the signing of the agreement, the scale of China Risun’s coke technology management services is with a management capacity of 6.8 million tonnes. At present, China Risun has 10 coke and chemical management services projects, including five coke projects and five chemical projects.
According to the agreement, China Risun will dispatch a professional team to provide technology management services across sales, transportation, production, supply and R&D for Luoyang Longze’s business. China Risun will utilize marketing platform and supply chain system to enhance Luoyang Longze’s operational efficiency and provide technical support to advance production technologies, step up environmental protection efforts, optimize processes and achieve energy saving and consumption reduction.
Luoyang Longze is located in Ruyang County, Luoyang City. It has two 5.5m tamping coke ovens with an annual production capacity of one million tonnes. A series of CDQ is expected to be put into operation in September 2024. There are plans to develop concentrated brine treatment, coke oven gas-based hydrogen and special railway line projects. As a large-scale conglomerate with coke, coking chemical, new energy and other businesses and comprehensive advantages such as rich experience in coking chemical and chemical operations, extensive coke business and quality brands, China Risun provides operation management services to many coke and tar companies with its integrated global industrial chain, supply chain and technology management system covering sales, transportation, production, supply and R&D.
China Risun and Longyang Longze first cooperated in technology management services in May 2018. A good track record was established, with the Company registered just one day after the contract was signed, a team built in three days, management commenced in four days, sales started in 14 days and RMB 10 million of profit recorded in the first month. The fundamental goal of this renewal is to leverage China Risun’s strong supply chain system integrating sales, transportation, production and supply, as well as the Group’s brand advantages and industry reputation. It also aims to continuously adjust and optimize the coal blending ratio and comprehensively reduce coal blending costs by using China Risun’s smart coal blending system and big data accounting system.
The signing ceremony was presided over by Li Qinghua, CEO of China Risun. Jiao Junfeng, General Manager of Luoyang Longze and Chen Zhisheng, the General Manager of Risun Marketing, signed the agreement on behalf of both parties. Several senior leaders from both sides also attended the signing ceremony. Before signing the agreement, the Luoyang Longze delegation visited China Risun Plaza, observed and learned about the conditions of Risun’s production bases from a distance at China Risun’s Intelligent Operation Command Center, and the two parties had discussions and exchanges in the VIP reception room on the 10th floor of Risun Plaza (Building 1).
