Anchun International Holdings

Anchun International Holdings: Group has secured a contract worth ~Rmb5m for its patented Isothermal Low Temperature High CO Shift Technology- which is able to harness harmful carbon monoxide, a waste gas emitted by industrial plants, and convert it to hydrogen for ammonia production. Ammonia is a common feedstock for the production of fertiliser and other industrial products. Proprietary technology expected to be new revenue driver for the Group, as more customers may opt for the implementation of this technology as PRC’s environmental policy tightens up. Mgmt stated that the China government has tightened rules on CO emissions for the 12th five-year period, which bodes well for their new technology that is capable of reducing such emissions. The customer who ordered Anchun’s CO Shift Reactor which uses the Isothermal Low Temperature High CO Shift Technology, is Shanxi Yangmei Fengxi, a fertilizer producer. Anchun International Holdings Ltd. is a leading integrated chemical systems engineering and technology solutions provider to China’s petrochemical and chemical industries. Anchun’s patent application for this technology was approved by the China Patent Trademark Office in November 2011. The technology was successfully commercialised in Nov 2012.