Junzheng Group enters Alxa for green energy project

Inner Mongolia Junzheng Energy & Chemical Group (SSE: 601216) announced a strategic cooperation framework agreement with the Alxa League Administrative Office to develop a wind, solar, and hydrogen project. The project, split into two phases, involves a total planned investment of approximately 19.36 billion yuan. Phase one, a demonstration project, is expected to cost 2.48 billion yuan. It includes the construction of 200,000 kW of new energy generation, an 81 million Nm³/a electrolytic water hydrogen production plant, and a 50,000-ton/year green synthetic ammonia production facility. The second phase plans for wind and solar generation, with a cost of about 16.88 billion yuan. The project aims to use renewable energy for hydrogen production and green alternatives for traditional industry.