Hangyang Establishes Joint Specialty Gas Research Center with Zhejiang University to Integrate Specialty Gas Industry Supply Chain
Hangyang Holdings (002430) and Zhejiang University's Quzhou Research Institute held a ceremony to unveil the "Joint Specialty Gas Research Center" and sign a strategic cooperation agreement on December 4th. The ceremony was attended by Ren Qilong, an academician of the Chinese Academy of Engineering and director of Zhejiang University's Quzhou Research Institute, along with Zheng Wei, Secretary of the Party Committee and Chairman of Hangyang Group.
According to the agreement, Hangyang will leverage the specialized expertise and resource advantages of Zhejiang University's Quzhou Research Institute in research, technology, and experimentation. Hangyang, functioning as a national-level demonstration enterprise for scientific and technological reforms, will utilize its strengths in cryogenic and separation technologies, equipment manufacturing, capital operations, and policy advantages to establish a platform for technical research and development, industrial transformation incubation, and talent cultivation. This initiative aims to propel deeper and broader cooperation between the two entities in a diverse array of fields.?
Hangyang Group, with a century-long legacy, has successfully developed a plethora of domestically produced significant equipment and pioneered multiple first-of-its-kind apparatus, including large-scale air separation units, million-ton ethylene cryogenic boxes,13.5MPa high-pressure plate fin heat exchangers, krypton-xenon refining units, and hydrogen expansion compressors. This achievement signifies a significant leap for China's industrial gas equipment manufacturing industry from lagging to leading, showcasing the confidence and prowess to establish a world-class enterprise in the gas industry.
Zhejiang University's Quzhou "Two Institutes" (Zhejiang University Engineering Institute Quzhou Branch and Zhejiang University Quzhou Research Institute) were approved in 2022 for the establishment of Zhejiang Province's High-End Chemical Technology Innovation Center. Their dedication is to become a pioneering innovation and entrepreneurship platform integrating production, education, and research. This initiative aims to become an internationally renowned chemical materials research center integrating top-tier teaching and research in the field.
The signing of this strategic cooperation agreement and the unveiling of the joint research and development center signify a strong and practical start to the collaboration between the two parties. Both sides affirm their commitment to complement each other's strengths, foster synergistic growth, and propel deeper and more substantial institute-enterprise cooperation. The establishment of the Joint Specialty Gas Research Center is envisioned as a benchmark for institute-enterprise collaborations both provincially and nationally.
This recent collaboration between Hangyang Holdings and Zhejiang University marks yet another milestone in their ongoing research partnerships. On September 7th of this year, they initiated the Intelligent Air Separation Joint Research Center, aiming to propel the air separation industry toward greener, lighter, and smarter directions.
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Frequent strategic collaborations continue to drive remarkable advancements for Hangyang Holdings in technological innovation and product upgrades. Over the past three years, increased investment in research and development has enabled Hangyang to explore cutting-edge technologies continually. They have also improved existing technological test platforms and facilities, consistently reinforcing their core technological strengths. For instance, Hangyang's cryogenic and separation technologies have reached international advanced levels. They've established the country's largest krypton-xenon rare gas refinement center and independently developed and mass-produced liquid helium tanks that comply with international standards. They've established an independent, controllable, and stable helium supply chain, overcoming yet another bottleneck in China's gas industry.
As Hangyang continues to deepen its innovation in the gas sector, the company is poised to leverage its technological advantages to further accelerate the expansion of the specialty gas industry. This effort aims to provide robust support for growing and strengthening its gas business while expanding its market share.
Against the backdrop of steady economic growth in China, industrial gases, considered the "lifeblood" of industry, maintain a robust growth momentum in market scale. Hangyang Holdings is actively extending and solidifying its industrial chain while continuously reinforcing the coordinated development of equipment manufacturing and gas operations.
In order to establish an all-encompassing advantage in managing the entire industrial chain, Hangyang Holdings has been enhancing its chain by acquiring and restructuring through methods like mergers, acquisitions, and introducing strategic investors. On one front, the company increased investment and expanded shares in its subsidiary, Hangyang specialtyty Gas, involving investments from China Guoxin, Hangzhou Capital, Hangzhou Yuanchen, etc., completing mixed ownership reforms. In the future, it aims to leverage the diverse experiences and resource integration capabilities of these entities to enhance overall competitiveness.
Simultaneously, Hangyang Specialty Gas conducted acquisitions of Xiyate and Wanda Gas, further enhancing its specialty gas product portfolio, filling gaps in electronic chemical gases like TCS and DCS. It's understood that Hangyang Holdings' collaboration with Zhejiang University's Quzhou Research Institute also encompasses the research and development of fluoride compounds, silicon-based new materials, and other products, foreseeing growth potential through diversified product layouts.
Looking ahead, as a pioneer and leader in China's gas industry, Hangyang Holdings aims to expand its specialty gas industry vigorously, emphasizing precision and completeness in rare gases, strengthening bulk electronic gases, specializing in new electronic specialty gases, all while striving to become an integrator of the specialty gas industry supply chain, building upon the achievements of the "14th Five-Year Plan" in the pursuit of equipment refinement and gas industry expansion.