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CNGR SIGNED A LONG-TERM PURCHASE AND SALE CONTRACT WITH SOUTH KOREA’S LG CHEM
CNGR and South Korea’s LG Chem officially signed a long-term purchase and sales contract for ternary precursors. Both companies will further strengthen cooperation in production and R&D, create a win-win situation on the new energy, promote the application of new energy materials and expedite green and low-carbon development.
Tao Wu,Senior Vice President of CNGR said “In recent years, CNGR has maintained high-speed development and made major breakthroughs in key technologies of nickel, cobalt, phosphorus and sodium. Some domestic and overseas projects have been operated in Qinzhou, Kaiyang, Morowali and Weda Bay. CNGR’s industrial chain of vertical integration of ” resource-smelting-material-recycling”, has been extended and expanded. Thus, the supply security and supply chain benefits of raw material have been enhanced as well. At present, CNGR has accelerated internationalization process and strengthened collaboration with global customers, especially strategic customers. We aim to create more value for customers, and provide better technologies, products and services, “he explained.
Li Xiangmu, Vice Chairman of South Korea’s LG Chem emphasized “LG Chem is the most representative chemical company in Korea as well as the largest battery manufacturers in the world. It’s also committed to becoming a world-class scientific enterprise and a multinational enterprise providing new value to our customers. Meanwhile, CNGR is a global leader in producing lithium battery precursor for new energy. Thereby, the powerful and deep cooperation between both sides is of historic significance”.
CNGR and South Korea’s LG Chem officially signed the long-term purchase and sales contract for ternary precursors. Both companies will further strengthen cooperation in production and R&D, create a win-win situation on the new energy, promote the application of new energy materials and expedite green and low-carbon development.
In November 2022, CNGR Chairman Deng Weiming set off for South Korea to sign an MoU on Investment Cooperation with the Pohang municipal government. CNGR aimed to deepen its industrial layout in South Korea, provide better service for Korean customers, and advance the high-quality growth of global new energy material industry.
Emissions to zero! Precursor « Zero Carbon Factory » at CNGR
OFFICIAL STATEMENT
Recently, CNGR Qinzhou Industrial Base has successfully passed the SGS carbon neutral certification and obtained the “Certificate of Achievement of Carbon Neutral Declaration”, realizing CNGR’s first «zero carbon factory”.
SGS is an internationally recognized testing, inspection and certification body for carbon emission management. This certification was conducted by SGS in accordance with ISO 14064-3:2019 standard. The greenhouse gas data generated during the production and operation of CNGR Qinzhou Industrial Base were counted and verified twice in September 2022 and February 2023. All data were evaluated in detail, counted and audited on site. At the same time, the relevant data statement, emission reduction plan and neutralization plan were reviewed in a rigorous and meticulous manner: documents have been reviewed, sites have been reviewed and technical reviews have been conducted. Finally, the site met the requirements of PAS 2060:2014 and confirmed that CNGR Qinzhou Industrial Base had achieved carbon neutrality.
What is PAS 2060:2014 standard?
PAS 2060:2014 is an internationally recognized normative standard for independent verification of carbon neutrality, which strictly guarantees the accuracy, verifiability and non-misleading nature of corporate carbon neutrality commitments. The standard requires companies to reduce emissions on all fronts based on quantified greenhouse gas emissions, to achieve green and low-carbon in the entire chain of an organization’s production and operations, and to encourage organizations to take additional measures to address climate change.
On the way toward the goal of carbon neutrality, CNGR Qinzhou Industrial Base focuses on resource recycling, energy saving and consumption reduction, as well as the use of cleaner energy sources to minimize carbon emissions. At the same time, Qinzhou Industrial Base actively implements water recycling, carries out energy saving and consumption reduction improvement projects such as power steam saving operation optimization and waste heat utilization transformation, and actively promotes the construction of photovoltaic projects to make a set of green combinations and promote the rapid transformation of energy structure.
As a leader in advanced energy materials, CNGR is taking relevant measures to actively respond to the goals of “clean energy” and “climate action”, using “carbon peaking” and “carbon neutrality “as carbon reduction benchmarks and the path of synergistic development of the advanced energy value chain. We have set the carbon targets of achieving carbon neutrality in our operations by 2040 and carbon neutrality in our supply chain by 2050.
The carbon neutral certification of Qinzhou Industrial Base marks the initial success of CNGR’s “zero carbon factory” construction, which is an important achievement of CNGR’s green and low carbon development. In the future, CNGR will take the “Zero Carbon Factory” in Qinzhou Industrial Base as the starting point, take the development strategy of “green ecology” as the guide, devote to the development of advanced energy, shoulder the social responsibility of energy cycle, and contribute to the mitigation of global warming and achieve carbon neutrality.
