Hexagon and CIMC Enric Sign Agreement for Construction of New Energy R&D Management Center

Hexagon Purus (Oslo: HPUR) and CIMC Enric announced signing investment agreements to establish a joint production facility in Shijiazhuang, Hebei, and the CIMC-Hexagon New Energy Technologies management office and engineering hub in Beijing Daxing District International Hydrogen Development Zone. In addition, the Shijiazhuang and Beijing Daxing governments have made a solid commitment to supporting the development of the CIMC-HEXAGON business in their regions through 2030.

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The new composite cylinder and systems manufacturing facility in Shijiazhuang is expected to commence in Q2 2022.

The CIMC-HEXAGON New Energy Technologies management office and engineering hub will be located in Beijing Daxing District International Hydrogen Development Zone, one of China’s leading areas to advance hydrogen technologies and application scenarios.

The facilities will set a benchmark for highly automated production of composite hydrogen pressure vessels from 350 to 700 bar for the Chinese and Southeast Asian markets.

The product portfolio includes hydrogen fuel storage systems for on-road vehicles, rail, and maritime applications.

The new facility is expected to create several hundred jobs in Shijiazhuang and Beijing and support business for regional suppliers.

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