thyssenkrupp signed a memorandum of understanding with Binhua Group

On November 5th, the 5th China International Import Expo opened its doors to welcome customers, and thyssenkrupp signed a memorandum of strategic
cooperation with Binhua Group Co.
, Ltd.

Binhua Group will carry out all-round strategic cooperation with thyssenkrupp around Binzhou Beihai Polyether and Polyurethane New Material Industrial Park, focusing on extending the integrated industrial chain of PO-PPG-PU, breaking the barriers of downstream industrial structure and realizing PO-PPG-PU Key breakthroughs
in the integrated industrial chain.
Based on the huge demand for polyether polyols in the international and domestic markets, the two parties intend to carry out in-depth cooperation in basic design expansion, modular devices, on-site service support and product joint research and development, build a two-way R&D innovation platform, focus on building a new R&D system, and realize the sharing
of personnel training, R&D support, technology introduction, terminal services and other achievements.
At the same time, the two sides will actively cooperate to expand overseas sales channels, realize strategic cooperation from technology research and development to product transformation to industrialization, and form a new cluster
of Beihai polyether and polyurethane industry.

Gao Yan, CEO of thyssenkrupp Greater China, and Ren Yuanbin, President of Binhua Group Co.
, Ltd.
, attended the signing ceremony
.
Zhang Wei, member of the Standing Committee of the Binzhou Municipal Party Committee and executive vice mayor, and other leaders attended the event and witnessed the signing
.

thyssenkrupp signed a memorandum of understanding with Binhua Group

Zhang Wei, member of the Standing Committee of the Binzhou Municipal Party Committee and executive vice mayor, said: "Through the in-depth cooperation between the two sides, Binhua Group's industrial layout will be further improved, scientific research and innovation capabilities will be enhanced, industrial transformation and upgrading will be accelerated, Binzhou's chemical industry will be further moved towards the middle and high-end, and the construction
of an industrial strong city will be promoted.
" ”

Gao Yan, CEO of thyssenkrupp Greater China, said: "We will give full play to our respective advantages, through diversified innovation and in-depth technical cooperation in the field, while achieving our own business expansion and sustainable development, we can better respond to market challenges and achieve sustainable
development for both parties.
" ”

Ren Yuanbin, President of Binhua Group, said that Binhua will take this signing as an opportunity to join hands with thyssenkrupp to build a new all-round, multi-angle and three-dimensional cooperation mechanism, form a strategic cooperation from technology research and development to product transformation, realize industrialization, and accelerate the green, low-carbon and high-quality development
of enterprises.

Binhua Group is a comprehensive chemical enterprise group
with outstanding main business and complete industrial chain.
At present, Binhua Group has rich experience in propylene oxide production experience and customer accumulation, with a domestic market share of about 6% in 2021, and the production capacity of the PO unit in Beihai Industrial Park will reach 420,000 tons/year
after it is put into operation.
thyssenkrupp has a German R&D base and a Thailand R&D pilot base, focusing on the development and promotion
of alkoxylated, ethoxylated and propoxyated products.

The signing deepens
the partnership that has been established since 2001.
The two sides will give full play to their respective advantages and establish a benign interactive cooperation mechanism for technological innovation, industrial innovation and talent cultivation to achieve complementary advantages, mutual benefit and common development
.