Blue Valley Energy has reached a strategic cooperation with Sinochem Lithium Battery and Sinochem Environment on the recycling of waste power batteries of new energy vehicles in Beijing, Tianjin and Hebei

On March 2, 2023, in order to deepen the strategic coordination and cooperation of partners in the power battery recycling and utilization industry chain in Beijing-Tianjin-Hebei, Blue Valley Energy and Sinochem member companies: Sinochem International New Materials (Hebei) Co., Ltd., Hebei Sinochem Lithium Battery Technology Co., Ltd. (hereinafter referred to as Sinochem Lithium Battery), Sinochem Environmental Technology Engineering Co., Ltd. (hereinafter referred to as Sinochem Environment) held a strategic cooperation signing ceremony at the Hebei Sinochem Building. Zhao Keshi, Second-level Inspector of the Hebei Provincial Department of Industry and Information Technology, Guo Rui, Director of the Energy Conservation and Comprehensive Utilization Division of the Hebei Provincial Department of Industry and Information Technology, Song Feng, Section Chief of the Energy Conservation and Comprehensive Utilization Division of the Shijiazhuang Municipal Bureau of Industry and Information Technology, Zhao Caijun, Executive Director, Party Secretary and General Manager of Sinochem International New Materials (Hebei) Co., Ltd., Zhang Bingjun, Deputy General Manager, Shi Rubing, Chief Engineer of Hebei Sinochem Lithium Battery Technology Co., Ltd., Wang Yanlong, Deputy General Manager, Zhang Jun, Deputy Chief Engineer of Sinochem Environmental Technology Engineering Co., Ltd., Wang Shuili, Party Secretary, Chairman and General Manager of Blue Valley Energy, Sun Shan, Deputy General Manager, Wang Xiaopeng, General Manager of the Battery Division, and Xie Xiao, Director of the Strategic Investment Department, attended the ceremony.

According to the strategic agreement, Blue Valley Energy will cooperate with Sinochem Lithium and Sinochem Environment in the retired lithium-ion power battery recycling industry in the Beijing-Tianjin-Hebei region, and jointly leverage the advantages of resource acquisition, recycling technology, and process development to achieve complementary advantages, industrial win-win results, and maximize the value of batteries.

In the subsequent symposium, Wang Shuili, Chairman of Blue Valley Energy, Zhang Jun, Deputy Chief Engineer of Sinochem Environmental Technology, and Zhao Caijun, General Manager of Sinochem Lithium Battery, respectively introduced their respective industrial operation overviews and future development plans. The three parties jointly stated that Blue Valley Energy has mastered key technologies in the fields of intelligent battery replacement, energy integration, battery evaluation and cascade utilization; Sinochem Hebei Lithium Battery's lithium battery recycling technology has the characteristics of low carbon and green, and high recycling rate, and both have the industry advantages of the "white list" of the Ministry of Industry and Information Technology; Sinochem Environmental Technology has advanced technology and rich experience in the fields of collaborative research and development of retired lithium batteries and engineering construction. The industrial layout of the three parties has many intersections, and there is a very broad space for future cooperation.

The successful signing of this strategic cooperation agreement is the common vision of the three companies for a better future, the starting point of a new journey, and a model of strong alliance. In the future, Blue Valley Energy will work with more partners to jointly achieve high-efficiency and high-quality operations of cooperative enterprises, promote the healthy development of the industry, and strive to achieve the country's "dual carbon" strategic goals as soon as possible.