Latest news in English: Enersize agree on new installation agreement for Chinese polyester fibre plant together with Venergy Ltd.

Enersize has previously informed through news release on 2017-09-15 about ongoing negotiations in co-operation with Chinese partner Venergy Ltd. regarding installation of Enersize’s system in a polyester fibre plant in China. The negotiations have ended with a positive outcome and the parties has agreed on installation of Enersize’s system for compressed air efficiency in the plant.

The end-customer is a Chinese plant owned by Xinfengmin Group Co., Ltd. who is one of the ten largest polyester fibre manufacturers in China. The compressed air systems in the plant has an annual consumption of over 100 000 MWh with an installed total capacity of aproximately 20MW. The agreement initially covers approximately 6MW of the full system. Including this new agreement Enersize has signed eight new agreements in 2017.  

The agreement initially covers the plants 5 bar system which is approximately 6MW of the full system. The customer pay for the installation which also includes a 3 % savings demonstration. The customer has an option to later expand the installation to the plants other three compressed air systems as well as to energy savings projects at different fixed price packages with guaranteed savings. For savings over the guarantee levels profit sharing will be used. The installation is planned to commence in Q1 2018.

Xinfengmin Group was founded 2000 and is listed on the Shanghai Stock Exchange. The company have over
7 000 employees and a production capacity of over 1-Million-ton polyester fibre. The agreement has been signed with Venergy Ltd. as intermediary between Enersize and the end-customer. Venergy Ltd. is one of Enersize’s Chinese sales partners located in Shanghai.

For more information about Enersize:

Christian Merheim, Chairman of the Board

Telefon: +46(0)708-182 853

E-post: christian.merheim@enersize.com 

More from the Newsletter

Practical tips for keeping your compressed air in shape

The fact that compressed air driven tools and machines are cost-effective and easy to maintain might also be the underlying reason why the whole compressed air system can be so neglected.

Electricians are experts on electricity. They know which cables to use in different environments. They also have to understand the dimensions of the cables to be used and which regulations to follow during an installation, related to cable channels, pipes, ducts and connectors.

Read more »

Control Gap: When air compressors fight

This article discusses some unexpected discoveries that came about then compressed air system monitoring equipment was installed on some example systems.
The maintenance foreman of a local paint manufacturer had a morning ritual where he turned on his three compressors one-by-one at 6 am every morning like clockwork. He did so for as long as he could remember, since he started some 25 years ago.

Read more »

FOR INVESTORS

Enersize Q3 2022 company Brief

Enersize’s Q3 company brief can be found on the company’s website enersize.com. Below is a translation of selected parts of the Q3-report originally published in Swedish on November 30, 2022, with the title “Enersize offentliggör delårsrapport för tredje kvartalet 2022”.

Läs mer »

Enersize signs Letter of Intent with US partner CTRL Systems

Enersize Advanced Research AB (“Enersize” or the “Company”) signs a Letter of Intent (“LOI”) with US partner CTRL Systems Inc. (“CTRL Systems”) where CTRL Systems will use Enersize’s Compressed Air Services SaaS-platform to provide energy optimization of industrial compressed air to the North and Central American market.

Läs mer »

Enersize Oyj publishes investment memorandum ahead of rights issue

The board of Enersize Oyj (“Enersize” or the “Company”) has, in connection with the rights issue consisting of shares and warrants (the “Rights Issue”) published on October 24, 2022, drawn up an investment memorandum which will be available on the Company’s website enersize.com and Mangold Fondkommission AB’s (“Mangold”) website www.mangold.se. Anyone who holds shares in Enersize Oyj on the record date of 31 October 2022 has a preferential right to subscribe for shares in the Rights Issue. In the Rights Issue, one (1) held share shall give one (1) subscription right where four (4) subscription rights entitle to subscription of three (3) newly issued shares. When subscribing for three (3) newly issued shares, you will also receive three (3) free warrants of series 3/2023.

Läs mer »

NEWS