On October 17, 2018, China General Machinery Industry Association(hereinafter referred to as "CGMA") ) and Petrochina Kunlun Energy Company (hereinafter referred to as "Kunlun Energy") organized the “launching meeting on the localization of key equipment of LNG receiving station" in Dalian. Mr. Zhong Wenxu, deputy general of Kunlun Energy, and the head of LNG receiving station, Huangli, director of Zhongtong Association, Sufa, Jiangsu Shentong, DHHI, Apollo Machinery, and Yongsheng Technology, etc. In total of more than 80 people, the head of equipment manufacturing were invited to participate in the meeting.
At the meeting, Supply and requisitioning parties made a report on the market prospect of LNG and the preparation for the research and development of key equipment. CGMA & Kunlun Energy and Manufacturer signed an agreement of associated research and development, and promising to complete the research and development test of the cryogenic valves, cryogenic pumps and loading arm before the end of 2020. In order to next step
smoothly, the two parties established a leading& working group, and have a target and plan to conduct the research & development and test. CGMA and Kunlun Energy will provide organize coordination and technical service.
The signed agreement of Yongsheng Technology includes cryogenic control valve and butterfly valve, and will undertake the work of the localization of key equipment of LNG receiving station.
The users and equipment manufacturing industry agreed that the localization of key equipment of LNG receiving station is the requirement of national energy supply and structural adjustment, and it is the responsibility of the enterprise, as well as the need of its development. They should support and participate actively, and make theirs own contribution to the work of LNG localization.
Zhejiang Yongsheng Technology Co., Ltd(YSMETER), established in 1997, was successfully listed on the NEW OTCC Market in December 2015, whose stock code is 834824. In 2017, the reconstruction and expansion was completed, the production capacity reached more than 50,000 sets.