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    000709   CNE000000H20

HBIS COMPANY LIMITED

(000709)
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End-of-day quote. End-of-day quote Shenzhen Stock Exchange - 09/17
3.13 CNY   -3.99%
09/09Hbis Company Limited Elects Xie Haishen as A Non-Independent Director
CI
09/09Hbis Company Limited Approves Expansion of the Business Scope
CI
08/23China's Crude Steel Output Falls 8.4% in July
MT
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Hbis : DANIELI - HBIS ORDERS ENERGIRON DRI PLANT

12/10/2020 | 10:09am EDT

It will be the first DRI plant in China; a new step towards Green Steel production With approximately 45 Mpty of steel production capacity, Hebei Iron & Steel Group - HBIS is the second largest steel producer in China, where 53% of the world's total of steel is produced, and the fourth largest in the world.

The order for the first DRI plant in China placed by HBIS is a notable milestone for China and its steelmaking community, paving the way to the transition from the carbon-based BF route to gas-based DRI technology and electric steelmaking.

To be installed at HBIS facilities in the Hebei province, the new Energiron DR plant will produce 600,000 tpy of quality DRI starting from the end of 2021.

HBIS selected Energiron Direct Reduction technology to achieve the highest targets in terms of energy efficiency, product quality and environmental compliance.

Energiron DR technology allows great flexibility in the mixture of gas used as a make-up, so it will be possible to reach 100% hydrogen as reducing agent.

The gas mixture to be used by HBIS will be composed approximately by 30% of coke oven gas available from the existing integrated plant and approximately by 70% of hydrogen from external sources.

With a CO2 release as low as 250 kg/ton of DRI, the HBIS plant will be the greenest DRI plant in the world.

Furthermore, the carbon dioxide will be selectively recovered by a CO2 removal unit included in the basic Energiron DR technology process scheme, and part of it will be reutilized in downstream processes (carbon capture and use or storage CCU/CCS).

This would lead to a final net emission of just about 125 kg of CO2 per ton of DRI.

Energiron is the innovative DRI technology jointly developed by Tenova HYL and Danieli.

Contact:

Tel: +39 347 279 0113

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about HBIS COMPANY LIMITED
09/09Hbis Company Limited Elects Xie Haishen as A Non-Independent Director
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09/09Hbis Company Limited Approves Expansion of the Business Scope
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08/23China's Crude Steel Output Falls 8.4% in July
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Financials
Sales 2021 158 B 24 467 M 24 467 M
Net income 2021 3 247 M 502 M 502 M
Net Debt 2021 - - -
P/E ratio 2021 10,1x
Yield 2021 7,99%
Capitalization 32 355 M 5 004 M 5 004 M
Capi. / Sales 2021 0,20x
Capi. / Sales 2022 0,20x
Nbr of Employees 35 336
Free-Float 36,4%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 3,13 CNY
Average target price 3,41 CNY
Spread / Average Target 8,95%
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Managers and Directors
Bin Xu Vice Chairman & General Manager
Guang Shen Chang CFO, Director & Chief Accountant
Wei Jun Dong Chairman-Supervisory Board
Jian Liu Chairman
Yu Zhu Zhang Independent Director
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