G&Bs Eco Signs Supply Contract Worth 7.4 Billion KRW with Chinese SSET

GNBES Eco announced on the 13th that it has signed a contract worth 7.4 billion KRW to supply solar scrubbers with Chinese company SSET (Shanghai Shareway Environment Technology).

GNBES Eco will supply a total of 200 eco-friendly solar Plasma Wet scrubbers. Orders are increasing based on active collaboration with its local Chinese partner, SSET.

SSET is an environmental equipment manufacturing specialist located in Shanghai, China. It has secured supply chains with major Chinese solar manufacturing companies and has maintained a long-term collaboration with GNBES Eco.

China's market share in the global solar industry is steadily increasing. The top five Chinese manufacturers hold market shares of 87.1% in polysilicon, 66% in wafers, 56.3% in cells, and 61.4% in modules. Not only in production volume but also in new solar power installations and cumulative installations, China has ranked first worldwide for several years.

According to the China Photovoltaic Industry Association, out of the estimated 280?330 GW of new global solar power installations this year, China is expected to install 95?120 GW. Demand for GNBES Eco’s eco-friendly solar scrubbers is also expected to increase.

A company official explained, "We established a partnership with SSET early on and entered the Chinese solar market, maintaining a 90% market share. As the 'carbon zero (0)' movement is gaining momentum in China, scrubbers that treat harmful gases in the solar manufacturing process are being recognized as essential equipment."

He added, "This year, we are actively entering new markets centered on India and the United States, and solar orders are expected to continue."

This content was produced with the assistance of AI translation services.