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Central Holding Group Co. Ltd. ( (HK:1735) ) has issued an announcement.
Central New Energy Holding Group Limited, through its subsidiary CHG Renewable Innovation Research Institute Limited, has entered into a memorandum of understanding with UOP Process Technology Co., Ltd., a subsidiary of Honeywell (China) Limited. This collaboration aims to develop a complete industrial chain for green power, green hydrogen, and green fuel, focusing on the innovation and development of Sustainable Aviation Fuel (SAF) in China. The agreement outlines plans to extend CHG’s green hydrogen projects to SAF production using Honeywell UOP’s methanol to jet fuel technology. The first project will be assessed in Hefei City, Anhui Province, with potential expansion into other green energy projects. The MOU is non-binding and serves as a framework for future cooperation.
More about Central Holding Group Co. Ltd.
Average Trading Volume: 5,665,261
Technical Sentiment Signal: Hold
Current Market Cap: HK$36.71B
Learn more about 1735 stock on TipRanks’ Stock Analysis page.