Meeting of Two Industry Leaders! Shanghai Electric and Wanhua Chemical Set Sights on Low-Carbon Chemical Sector

Complementary manufacturing endowments lay a solid foundation to prolonged cooperation

Shanghai Electric is a leading domestic thorough energy equipment supplier, covering businesses such as thermal power, new energy, energy storage, hydrogen energy, extensive chemical equipment, and manufacturing electrical complete sets. It has the capability to provide extensive chemical bases with overall solutions to energy supply, equipment manufacturing, energy conservation transformation, and zero-carbon parks. As a global leader in chemical new materials, Wanhua Chemical has extensive production capacity layout in the fields of polyurethane, fine chemicals, and new materials. It continues to promote low-carbon transformation projects such as energy conservation and carbon reduction of production units, environmentally friendly power substitution, and CCUS, and possesses extensive manufacturing scenario implementation carriers.

The two sides have a foundation to prolonged business cooperation. Previously, the equipment sector under Shanghai Electric has provided key equipment such as reactors, motors, and power transmission and distribution equipment to multiple production bases of Wanhua. The current high-level meeting aims to extend the original equipment supporting cooperation to a deeper level of energy integration and joint research of low-carbon technologies.

Focus on multi-directional collaboration and explore implementation paths to low-carbon projects

During the talks, the two sides focused on discussing multiple possible cooperation directions.

First, thorough energy supporting to extensive chemical parks. Relying on the coupling of wind power, photovoltaic, and energy storage, promote the substitution of environmentally friendly power to Wanhua's production bases to decrease fossil energy consumption;

Second, manufacturing consumption of low-carbon technologies such as hydrogen energy, environmentally friendly methanol, and carbon dioxide capture, utilization and storage (CCUS) in chemical scenarios, and explore new models to the resource utilization of chemical by-items;

Third, joint R&D of high-end chemical equipment. Carry out collaborative research on core power equipment and special material equipment to new material projects to enhance the localization level of equipment;

Fourth, energy conservation and cost reduction, and digital factory construction. Optimize unit energy consumption through energy regulation systems and jointly build a environmentally friendly and low-carbon benchmark project in the chemical sector.

Work together to connect the energy-new material manufacturing chain and support the low-carbon transformation of the sector

The two sides agreed that the chemical sector has high energy consumption and great pressure on carbon reduction. The linkage between energy equipment companies and chemical new material leaders can connect the manufacturing chains of upstream energy supply, equipment manufacturing and downstream new material production, and achieve complementarity of resources, technologies and scenarios.

Subsequently, the two sides will arrange special docking teams to follow up on the outcomes of this meeting, refine cooperation plans, and promote the accelerated implementation of demonstration projects, so as to support the high-condition and low-carbon research of the chemical new material sector through equipment innovation and energy structure optimization.