Hangzhou Jinshan Instrument Valve Launches RMB 120 Million High-End Cryogenic Control Valve Intelligent Manufacturing Project:

As a Hong Kong-based resin and valve import/export trader, Loonwan notes that Hangzhou Jinshan Instrument Valve Co., Ltd. has officially commenced construction of its High-End Cryogenic Low-Temperature Control Valve Intelligent Manufacturing Project. With a total investment of RMB 120 million, the project is expected to be completed and put into operation by September 2027. Once operational, it will fill the domestic technology gap in high-end cryogenic control valves, break the long-standing monopoly of foreign giants, and reduce procurement costs for downstream enterprises. This marks another important milestone in China's valve industry's domestic substitution in the high-end cryogenic sector.

Project and industry background are as follows:

Core Project Information

• Investment Scale: Total investment of RMB 120 million.

• Construction Timeline: Expected completion and commissioning by September 2027.

• Product Positioning: High-end cryogenic low-temperature control valves — high technical barriers, long monopolized by foreign giants.

• Company Background: Hangzhou Jinshan Instrument Valve is a national-level high-tech enterprise with two decades of deep specialization in cryogenic control valves, 坚持 independent R&D and tackling "chokepoint" technologies.

• Strategic Significance: Upon commissioning, the project will fill the domestic technology gap in high-end cryogenic valves, break foreign technology and market monopolies, and inject momentum into the upgrading of Fuyang's high-end equipment manufacturing industry.

Recent Domestic High-End Valve Breakthroughs

• Wuzhong Instrument: The injection-production bidirectional high-pressure axial flow control valve developed for sour natural gas projects has completed production testing and is 即将 shipped to the customer site, marking a new breakthrough for domestic high-pressure control valves in sour service conditions.

• Zhejiang Sanfang Control Valve: Supplied 12 sets of liquid oxygen and kerosene electric control valves for Galactic Energy's Ceres-1 (Yao-1) commercial launch vehicle, achieving "zero failure" operation throughout the September 1 maiden flight, with precise low-temperature adaptability supporting commercial aerospace liquid propulsion control.

• Sichuan Air Separation: Developed a series of core cryogenic equipment covering the full process chain for China's largest natural gas helium extraction and liquefaction project (Maowusu Desert), all successfully started up on the first attempt — continuously advancing domestic cryogenic valve and equipment capabilities.

• Neway Valve: Recently won bids for ≤3-inch CL2500 high-pressure gate/globe/check valves for the CNOOC Shell Phase 3 ethylene project, as well as pipeline valves for the Solenis Beihai multi-functional chemicals project — high-end petrochemical valve orders continue to materialize.

Cryogenic Valve Market Demand Drivers

• LNG Industry Expansion: Accelerating construction of global LNG receiving terminals and liquefaction plants drives strong demand for cryogenic valves, with extreme requirements for materials, sealing, and control precision.

• Hydrogen & Helium Industry Chains: Emerging industries such as green hydrogen and helium liquefaction are rapidly increasing demand for ultra-low-temperature valves; the commissioning of domestic natural gas helium extraction projects is driving cryogenic equipment demand.

• Aerospace: Commercial space liquid rockets require increasing numbers of control valves for cryogenic propellants such as LOX, LH2, and kerosene, with stringent requirements for response speed and reliability.

• Import Substitution Space: High-end cryogenic control valves have long relied on imports with high prices and long delivery cycles, creating urgent demand for domestic substitution.

Industry Trend Assessment

Chinese valve manufacturers are accelerating breakthroughs from conventional general-purpose valves into high-end cryogenic, high-pressure, and special-service applications, with the "industry-academia-research-application" collaborative innovation model gradually maturing. With continued investment in the cryogenic sector by companies like Hangzhou Jinshan and Wuzhong Instrument, the domestic self-sufficiency rate for high-end cryogenic valves is expected to rise significantly over the next 2–3 years, putting continuous pressure on imported brands' market share.

Loonwan advises global valve purchasers: in cryogenic service projects such as LNG, hydrogen, and aerospace, actively evaluate the technical maturity and cost advantages of domestic high-end cryogenic control valves, and incorporate domestic manufacturers with independent R&D capabilities — such as Hangzhou Jinshan and Wuzhong Instrument — into the qualified supplier system. For extreme-service valves that still require imports, Loonwan can assist with multi-brand technical comparison and supply chain integration, optimizing procurement costs while ensuring operational reliability. Additionally, Loonwan recommends monitoring the price and delivery cycle changes brought by the concentrated release of domestic cryogenic valve capacity around 2027.