Today, Yunhai Metal conducted a survey of Shanghai Jiyuan assets and individual investors on related projects and development status.
Yunhai Metal introduces the Qingyang project, which is located in Wujia Dolomite Mining area, Youhua Town, Qingyang County, with an annual throughput of 30 million tons and an annual output of 300000 tons of high-performance magnesium-based light alloy, 150000 tons of magnesium alloy die-casting components, and an annual output of 25 million tons of aggregate and machine-made sand. Construction of the project has begun at a ceremony held on December 28, 2021 in Qingyang County Economic Development Zone, Chizhou City, Anhui Province.
The company cooperates with universities to develop magnesium hydrogen storage materials. Mg-based solid-state hydrogen storage material, as a reversible "storage" medium of hydrogen, has the advantages of excellent hydrogen absorption and desorption performance and no kinetic attenuation and capacity loss in long-term cycle. it can realize large-capacity solid-state hydrogen storage and long-distance transport at room temperature and pressure. It can not only reduce the cost and energy consumption of hydrogen storage and transportation, but also is safe and convenient, and is expected to become an important key material in the field of hydrogen storage and transportation, so as to promote the development of hydrogen energy industry.
With regard to the current order situation of Yunhai, it said that the company has both long-term and short-term orders, due to the recent fluctuations in magnesium prices, mainly short-term orders.
The company's main advantages of magnesium, Yunhai Metal said, the company's core advantages are technological innovation and research and development advantages, all the equipment and processes of the company are independent research and development, magnesium production and application of vertical tank technology, energy saving and environmental protection, has a significant advantage in energy consumption, has made a great contribution to carbon reduction.
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