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Jiangsu Huachang Group

huachangchem.cn

Founded Year

1979

Stage

IPO | IPO

Total Raised

$1.81M

Date of IPO

9/25/2008

Market Cap

0.96B

Stock Price

1.01

About Jiangsu Huachang Group

Provider of basic chemicals, fine chemicals, and biochemicals. The company produces synthetic ammonia, soda ash, ammonium chloride, composite fertilizer, and amino acids.

Headquarters Location

1 Nanhai Road, Int'l Chemical Ind. Zone Jingang Town, Zhangjiagang

Suzhou, Jiangsu, 215600,

China

86 512 58727158

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Latest Jiangsu Huachang Group News

Stamicarbon awarded licensing and equipment supply contracts by Jiangsu Huachang Chemical Company for an Ultra-Low Energy urea melt plant in China

Feb 2, 2024

2/2/2024 6:01:00 AM Jiangsu Huachang Chemical Company awards to Stamicarbon, the nitrogen technology licensor of the MAIRE engineering group, licensing and equipment supply contracts for a urea melt plant in China. The plant located in Zhangjiagang City of Jiangsu province in China will have a capacity of 1860 MTPD and use Stamicarbon’s Ultra-Low Energy design with a highly efficient pool reactor concept. This urea melt plant will serve as a replacement for an outdated facility of similar capacity and will utilize the existing prilling unit. Stamicarbon will provide the license, proprietary equipment, including high-pressure equipment made of super duplex stainless steel, and associated professional services. The main advantage of Stamicarbon's Ultra-Low Energy Design, which will be utilized in this plant, is that the high-pressure steam is being used three times instead of two, making the process more energy-efficient than the conventional CO2 stripping. This heat recovery scheme results in a 35% reduction in steam consumption and a 16% decrease in cooling water use. With two plants currently in operation, the Ultra-Low Energy design is demonstrating unparalleled energy savings in the market. "Sustainability is at the core of our company, and when looking to replace our outdated urea plant, we were specifically seeking the most energy-efficient solution to help us reduce emissions and energy consumption. With Ultra-Low Energy technology, we expect to achieve a substantial reduction in steam and water consumption, contributing significantly to our sustainability goals. We look forward to a successful and mutually beneficial partnership with Stamicarbon as we work together on this project," said Mr. Hu Bo, the Chairman of Jiangsu Huachang Chemical Company. "At Stamicarbon, we are committed to pioneering sustainable solutions, and Ultra-Low Energy design stands out as a testament to our dedication. We believe that this project marks a significant milestone in Jiangsu Huachang 's journey towards a more sustainable and efficient future. This project marks the ninth worldwide implementation of our groundbreaking technology, a testament to its global recognition as the industry's benchmark for energy consumption and efficiency," said Pejman Djavdan, Stamicarbon CEO.

Jiangsu Huachang Group Frequently Asked Questions (FAQ)

  • When was Jiangsu Huachang Group founded?

    Jiangsu Huachang Group was founded in 1979.

  • Where is Jiangsu Huachang Group's headquarters?

    Jiangsu Huachang Group's headquarters is located at 1 Nanhai Road, Int'l Chemical Ind. Zone, Suzhou.

  • What is Jiangsu Huachang Group's latest funding round?

    Jiangsu Huachang Group's latest funding round is IPO.

  • How much did Jiangsu Huachang Group raise?

    Jiangsu Huachang Group raised a total of $1.81M.

  • Who are the investors of Jiangsu Huachang Group?

    Investors of Jiangsu Huachang Group include Winfast Holding.

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