On November 6, 2022, at the 5th Fair supporting on-site activities, Iraeta participated in the "Yellow River Basin International Trade Facilitation Cooperation Forum" hosted by the People's Government of Shandong Province, and signed a strategic cooperation agreement with Germany's Linde Gas, in which the two sides will cooperate more deeply on emission reduction technologies such as oxygen-enriched combustion in the future.

 Signing at the Expo site (fourth from the left is Gao Yuhe, President of Iraeta, fifth from the left is Chen Qihua, Vice President of Linde Greater China)

Linde is a world-renowned industrial gases and engineering company with sales of EUR 26 billion in 2021. Linde produces industrial gases for a wide range of applications - from oxygen for hospitals to high-purity and specialty gases for the electronics industry. Linde Gases' globally advanced oxygen-enriched combustion technology significantly improves heating efficiency and reduces energy consumption while lowering nitrogen oxide emissions.

At the signing ceremony, Mr. Chen Qihua, Vice President of Linde Greater China, expressed his confidence and expectation for the next cooperation between the two sides and said:Based on Linde's REBOX oxyfuel technology for heating furnaces and Iraeta's expertise in the forging industry, the two sides will cooperate in researching, developing and promoting carbon reduction and efficiency solutions for the forging industry to achieve a strong alliance and jointly promote the high-quality development of the clean energy industry.

 First from the right is Chen Qihua, Vice President of Linde Greater China, and second from the right is Gao Yuhe, President of Iraeta

The promotion of the dual carbon strategy is having a huge impact on many industries. For the forging industry, on the one hand, as the basic forming method for many industrial equipment components, it is in an important upstream position, and the level of energy saving and emission reduction has a significant impact on the carbon footprint accounting of various downstream industries. On the other hand, the inherent properties of forging determine that it will have to face huge technical challenges to achieve carbon neutrality.

As an important global equipment component supplier, Iraeta holds an important market position in the global wind power and other energy fields, and is a national wind power flange single champion demonstration enterprise, as well as the world's largest overall forging ring world record setter, the company is committed to achieving carbon peak by 2025 and zero carbon emissions by 2035.

As a pioneer in the industry, Iraeta has completed TÜV and SGS carbon footprint verification and developed its own carbon peak action plan, and will continue to practice the concept of ecological protection and high-quality development in the Yellow River Basin through a combination of oxygen-rich combustion, material heat transfer, near-net forming, park photovoltaic, and green power. We will continue to practice the concept of ecological protection and high-quality development in the Yellow River Basin through a combination of oxygen-enriched combustion, material heat transfer, near-net forming, park photovoltaic, and green power investment. We also look forward to cooperating with more advanced low-carbon technology suppliers like Linde Gas to jointly promote the green development of the forging industry.

About IRAETA

IRAETA is an enterprise mainly engaged in the manufacture of clean energy key components, mainly used in fields such as wind power, nuclear power,  hydropower, UHV, offshore engineering, machinery manufacturing, high-end refining, mining and other fields.

IRAETA now has 1 sales company, 7 business divisions, 7 management centers, 1 Shanghai branch, 1 Jining factory and 1 Spanish factory (FIHI), having over 1,800 employees. For nearly half a century, IRAETA has always been steadfastly devoted to the forging industry. From offshore wind turbines on the Atlantic coast to the oil fields deep in the deserts of the Middle East, to mines in the lofty mountains of Peru, our products have made their mark. Adhering to the values of “honesty, humility, perseverance and work”, IRAETA is committed to creating sustainable value for global customers through high-quality products.

We invite you to learn more about IRAETA by visiting our website at www.iraeta.com and following us on our social media channels:

www.linkedin.com/company/iraeta-forgings

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