OREANDA-NEWS. April 03, 2012. Baosteel blast furnace thermal molten slag mineral wool making roject has made significant progress. Baosteel Mineral Wool Science and Technology (Ningbo) Co., Ltd., composed of Baosteel Development, Ningbo Steel and Baosteel Engineering&Technology Group, joint venture contract signing ceremony is held in Baoshan Hotel. This is an important innovation initiative in Baosteel's implementation of environmental management strategies and promotion of steel industry and multi-industry collaboration, reported the press-centre of Baosteel.  

Group Corporation deputy Party secretary, Baosteel Development chairman Fu Zhongzhe, Ningbo Steel chairman and Party secretary Cui Jian, Baosteel Engineering general manager Jiang Weimin and chiefs at Group Corporation Planning and Development Department, Baosteel Development, Baosteel Research Institute allso attend the signing ceremony.

Thermal molten slag mineral wool making project is a key promotion project in Group Corporation resource comprehensive utilization industrial development. In May last year, four units: Baosteel Research Institute, Ningbo Steel, Baosteel Engineering and Baosteel Development compose project team and carry out fruitful work in process plan, market research, product development, technical equipment, etc., and do detailed analysis on project total investment, market operation costs, risk management and control and determine the package plan. With the support of Group Corporation, Baosteel Development, Ningbo Steel and Baosteel Engineering actively explore innovative operational mechanisms and business models, jointly establish the Baosteel Mineral Wool Technology (Ningbo) Co., Ltd., and build the first blast furnace thermal molten slag wool making pilot production line in Ningbo Steel. It is understood that after the completion of the project, Baosteel will become the first domestic steel enterprise which is capable of making mineral wool with blast furnace thermal molten slag, open up new area in metallurgical slag high value-added utilization and play an exemplary role in China's steel industry circular economy and energy saving and waste reduction.

On the signing ceremony, the three partners say that with the spirit of complementary advantages, resource sharing, sincere cooperation, equality and mutual benefit and mutual development and with more serious and responsible attitude, they will go all out to build the blast furnace thermal molten slag mineral wool-making pilot production line into a model project with advanced technology and first-class indicators and promote Baosteel renewable resource comprehensive utilization industrial operation and scale development.

Fu Zhongzhe hopes that after the establishment, Baosteel Mineral Wool Technology (Ningbo) can fully rely on Baosteel Research Institute's strong technical force, speed up the scientific research process, explore scientific and technological innovation operation mode, grasp core technology, become the domestic mineral wool industry-leader in product, quality, size and effectiveness so as to become high-tech enterprise with independent intellectual property rights and with production, research and development and application integrated into one.