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(Hong Kong, 20 July 2023) - China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, announced today that the first coke oven of Risun Wei Shan's 4.8-million-tonne coking chemical project at the Sulawesi Production Base in Indonesia ("Risun’s Sulawesi Production Base in Indonesia") has put out its first batch of coke at 11:18, 19 July 2023. That marks the beginning of the gradual kick-off of production at and meeting of output and efficiency targets by three coking projects, namely Risun Wei Shan, De Tian Coking and KinXiang New Energy, and a milestone achievement of China Risun in participating in helping the country realize her “Belt and Road” aspiration.
Built in 2021, Risun’s Sulawesi Production Base in Indonesia is the first project of the Group in response to the country’s “One Belt, One Road” initiative, and for promoting “countrywide deployment + global expansion” of its business. The Production Base homes China Risun’s first batch of overseas projects (including the 4.8-million-tonne output joint venture (Risun has controlling stake) coking chemical project Risun Wei Shan, De Tian Coking and KinXiang New Energy with coke output capacities reaching 4.7 million tonnes and 3.9 million tonnes, respectively, in which Risun holds interest). Construction of the Risun Wei Shan coking chemical project started at the end of 2021, comprises six 66-hole 7.1-meter energy-saving, insulated, large-capacity top-loading coke ovens, and is equipped with impeccable gas purification capability. After the project is in full operation, it can produce 4.8 million tonnes of coke, 222,000 tonnes of tar, 63,300 tonnes of crude benzene, 69,600 tonnes of ammonium sulfate and 870 million cubic meters of coke oven gas a year, providing stable and high-quality energy and refined chemicals to relevant projects at the Indonesia Morowali Industrial Park, not only meeting current and future development needs of Indonesia, but also catering to demands in Southeast Asia and other countries and regions.
At present, committed to implementing its “countrywide deployment + global expansion” strategy, on top of investing in developing business in Indonesia, Risun China is also expanding market to countries in RCEP “10+5” regions, and will bring related international trade to China, thereby better serve development of the mainland economy. In addition, the Group is mapping out plans to foster development of downstream refined chemicals projects, building its first modern coal chemical, new energy and new material circular economy smart industrial base overseas as a "bridgehead" for expanding and developing its business overseas.
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