A signing ceremony between Guchuan Group and the government of Anting town. [Photo/jiading.gov.cn]
Guchuan Group, a well-established operator of Chinese industrial park platforms, recently signed a cooperation agreement with the government of Anting town in Shanghai's Jiading district to build an International Hydrogen Industry Base there.
The group pledged to provide investment consulting services and attract high-quality hydrogen energy projects to Jiading. The base is expected to help promote the development of the industry in the district and assist in the building of the Jiading Hydrogen Hub.
With an investment of 430 million yuan, the project is expected to be put into production in 2025 and reach an annual output value of 1 billion yuan by 2027.
So far, Guchuan Group has facilitated over 7,400 projects and attracted more than 150 billion yuan in investment by supporting over 1 million enterprises with their site selection and by offering investment consulting services.
A rendering of the International Hydrogen Industry Base in Jiading. [Photo/jiading.gov.cn]