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PKU Pioneer’s Revenue Exceeds $108 Million in First Half of 2021, Leadership in VPSA & PSA Oxygen Plant Consolidated

Last updated Saturday, August 14, 2021 12:00 ET , Source: Beijing Peking University Pioneer Technology Corporation Ltd.

Over the years, with its outstanding domestic performance, PKU Pioneer has established a good reputation and is committed to further expanding its brand influence in the international market.

Beijing, China, 08/14/2021 / SubmitMyPR /

Since 2021, PKU Pioneer’s VPSA oxygen production business has continued the rapid growth. In the first half of this year, PKU Pioneer's sales turnover has exceeded $108 million, creating the best performance record since its founding. As of July 2021, with a total oxygen production capacity of approximately 300,000Nm³/h, PKU Pioneer’s won the bids for 25 VPSA oxygen unit projects, 70% of which are above 5000Nm³/h, including a number of super-large VPSA oxygen equipment projects above 25000Nm³/h. It can be seen that PKU Pioneer has a dominant advantage in the medium and large VPSA oxygen generating plant market, and has been continuing to promote the mature industrial application of ultra-large VPSA oxygen generating systems for many years driven by the market needs.

At the request of Hunan Valin Lianyuan Iron & Steel Co. Ltd. (hereinafter referred to as "LY Steel"), PKU Pioneer built the 62,500Nm³/h VPSA oxygen generation unit, the world's largest VPSA oxygen generation system in operation for oxygen-rich blast furnace ironmaking, within just a few months. Shortly after the supercolossal unit was successfully put into operation, PKU Pioneer's technical solution was unanimously approved by the experts of Hengyang Valin Steel Tube Co.,Ltd. and Hunan Valin Xiangtan Iron and Steel Co.,Ltd that are more than 100 kilometers away from LY Steel, which prompted the signing of the supply agreements on 25000/80 VPSA oxygen plants with the two companies respectively to further achieve cost reduction and efficiency improvement in their steel mills. So far, the three major steel mills affiliated to Valin Group have been equipped with VPSA oxygen units set up by PKU Pioneer, with a total oxygen production capacity as high as over 100,000Nm³/h.

At the beginning of 2021, PKU Pioneer successively undertook multiple oxygen production projects for non-ferrous metal smelting, among which the 4100/93 oxygen plant project in Golmud City, Qinghai Province is of typical significance. The project lies at a high-altitude site of 2800m with a pressure requirement of 0.7MPa. The oxygen production project requires superior equipment configuration and it’s more difficult to reach the process indexes. With the actual oxygen capacity of 4222Nm³/h and purity of 93.67%, the project was completed in July 2021 and successfully passed the equipment performance test. All the indicators far exceeded the design value.

Apart from the iron & steel making and non-ferrous metallurgy, PKU Pioneer has also received several orders from the solid waste treatment industry this year. PKU Pioneer’s built several sets of VPSA oxygen systems used for the recycling of scrap steel, scrap non-ferrous metals and other renewable resources, providing continuous, stable and cost-effective industrial oxygen for different types of smelting furnaces.

In addition, PKU Pioneer’s overseas business has also made major breakthroughs. Due to the recurring epidemic overseas, other countries are plagued by the epidemic while China has a complete supply chain offering high-quality products with lower prices. As a result, orders from worldwide come to China in large quantities, leading to China's prosperous export business. PKU Pioneer received an urgent inquiry from its partner, a leading Indian steel enterprise and during the technical exchanges, the Indian team expressed their full recognition and trust in PKU Pioneer's rich experience in VPSA oxygen production for Indian steel mills, and the two parties hence consecutively signed the contracts for 3 sets of VPSA oxygen units within 3 months, with the total oxygen production capacity reaching 48,000Nm3/h.

Previously, PKU Pioneer has built 2 sets of oxygen generating systems for this customer, which have been operating stably for many years with advanced process indexes and creating a high return on investment for the user. It is worth mentioning that with PKU Pioneer’s mature leading oxygen production process, the customer has become the first steel manufacturer in India using VPSA oxygen plants.

Furthermore, PKU Pioneer recently reached a cooperation agreement with a leading enterprise in the cement industry in Korea to build a 5000Nm3/h VPSA oxygen generator, helping Korea to firstly realize the application of VPSA oxygen generation technology in cement kilns for oxygen-rich combustion. It's also PKU Pioneer’s largest VPSA oxygen plant exported to the cement industry.

Up to now, PKU Pioneer has built more than 300 VPSA & PSA industrial oxygen plants and achieved the first ranking performance in China for 10 consecutive years with the medium and large-capacity VPSA oxygen systems above 5000Nm3/h occupying the absolute domestic market share. With the achievements rising year by year, in order to meet more business development needs, PKU Pioneer has invested tens of millions to expand its production base in Hebei to upgrade its production lines of high-efficiency oxygen molecular sieve, CO adsorbent and other products. The annual production capacity will be increased by more than 50% to further support PKU Pioneer’s business development for a more efficient and complete internal supply chain system. By virtues of lower energy consumption, simple operation, faster start-up & shut-down, high turndown ratio, PKU Pioneer’s VPSA oxygen plants can effectively save the construction and operation costs, making PKU Pioneer a first-class supplier of VPSA oxygen equipment in the world.

Over the years, with its outstanding domestic performance, PKU Pioneer has established a good reputation and is committed to further expanding its brand influence in the international market. Although VPSA oxygen generation technology has been widely and profoundly applied in the Chinese market, the industrial application of VPSA oxygen plants as effective units for supplementing oxygen for blast furnaces in iron & steel mills in overseas markets needs to be further promoted, so that more foreign iron & steel mills can benefit from the VPSA oxygen generation process.


Media Contact

Contact Person: Joyce Young

Company Name: Beijing Peking University Pioneer Technology Corporation Ltd.

Address: 4-5th Floor, New Times Mansion, No. 7 Huayuan Road, Haidian District, Beijing, China

Website: www.vpsatech.com / www.vpsagas.com

Email: [email protected] / [email protected]

Original Source of the original story >> PKU Pioneer’s Revenue Exceeds $108 Million in First Half of 2021, Leadership in VPSA & PSA Oxygen Plant Consolidated