On November 26, Wison Engineering (stock code: 2236.HK) officially signed a design, procurement, and construction total contract for the first section of a coal gasification project for hydrogen and ammonia production with Henan Shenma Nylon Chemical Co., Ltd. This project marks the third coal gasification EPC contract that the company has secured this year.

The project, situated in the Nylon New Materials Industrial Cluster in Pingdingshan, involves detailed design, procurement, and construction services for the gasification system, air separation system, wastewater treatment system, and water reuse system.

To streamline project operations and improve coordination between bidding and execution, Wison Engineering has introduced a new bidding and pricing system for the Shenma project. This system, based on project execution standards, involves various departments forming a bidding team, which will then transition into an execution team upon winning the bid to ensure a swift project start. Leveraging the company's rich experience in coal chemical projects and leading technological advantages, the project bidding team actively communicated with the owner, proposed technical optimization and investment optimization solutions, and ultimately won the owner's recognition with efficient work and excellent service.

Mr. Yan Shaochun, Executive Director and CEO of Wison Engineering, said, "The successful cooperation with Henan Shenma is another milestone in the coal gasification market. We have been deeply involved in the coal chemical industry for more than 10 years, and coal gasification is our flagship product. The company will fully utilize the rich experience accumulated in coal chemical projects over the years to ensure early project delivery while ensuring quality and safety."

Currently, the project kickoff meeting has been held, and detailed design and procurement work are underway as planned. The project is expected to be delivered in the third quarter of 2023.