- Business
- Hunan Kaimeite Gases Co., Ltd. (002549.SZ) engages in the research, development, production, and sale of industrial gases in China. The company manufactures and supplies dry ice; liquid carbon dioxide, including food-grade and industrial variants; food additive liquid carbon dioxide; high-purity carbon dioxide; hydrogen; liquefied gases; pentane; electronic specialty gases and mixed gases; methane; oxygen; nitrogen; argon; helium; neon; krypton; xenon; and other industrial and medical gases, which serve industries such as beverages, metallurgy, food, tobacco, petroleum, agriculture, chemicals, and electronics. Founded in 1991 and headquartered in Yueyang, Hunan Province, the company operates primarily in China, with subsidiaries including Fujian Kaimeite Gases Co., Ltd., and focuses on recycling petrochemical tail gas and flare gas as an environmental protection enterprise. Recent developments include regulatory approval for a share private placement to fund projects; signing of strategic agreements with PetroChina firms and a joint venture for sales contracts; investments in tail gas utilization and hydrogen energy expansion projects in Hainan; a framework agreement on special gases projects totaling 1.5 billion yuan; lithography gas products passing certification by Cymer, an ASML unit; and funding provided to Fujian Kaimeite Gases totaling CNY 346.6 million.