Anchun secures another RMB5 million contract for its new proprietary tech

Fresh revenue stream looks promising.

Mainboard-listed Anchun International Holdings Ltd. (Anchun), an integrated chemical systems engineering and technology solutions provider to China’s petrochemical and chemical industries, announced that it has secured a contract with a value of approximately RMB5 million for its revolutionary patented Isothermal Low Temperature High CO Shift Technology.

This is the second contract that Anchun managed to secure for this proprietary technology. The first contract, worth approximately RMB 4.5 million, was awarded by a PVC producer.

This technology can help this PVC producer to convert approximately 26,000 Nm3 of CO per annum into useful feedstock products.

The estimated CO emission generated by PVC producers who can employ our new technology is estimated to be approximately 2 billion Nm3 per annum.

Conventional methods are not effective in reducing CO gas emissions, so significant amounts of CO emissions are released into the environment.

Anchun’s Isothermal Low Temperature High CO Shift Technology, however, ensures effective conversion of CO into useful feedstock for downstream income-generating chemical production. It is therefore a solution that is sustainable for the industries and eco-friendly for the environment.

The target market for this technology is mainly industrial plants with high CO emissions, which includes, but not restricted to, fertiliser companies and PVC producers. The Group is currently promoting this new technology rigorously. Anchun’s patent application for this technology was approved by the China Patent Trademark Office in November 2011.