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China Carbon Neutral Development Group Limited ( (HK:1372) ) just unveiled an announcement.
China Carbon Neutral Development Group Limited has signed a strategic cooperation agreement with Shanxi Ligu New Energy to jointly develop a full‑chain technology system spanning green hydrogen production, safe storage and transportation, industrial decarbonization and green materials. The partners plan to leverage complementary strengths in capital and carbon asset operations, as well as hydrogen storage, transportation and renewable energy technologies, to accelerate deployment of scalable hydrogen solutions aligned with China’s dual‑carbon objectives.
Shanxi Ligu New Energy, a young but decorated technology firm, brings proprietary liquid organic hydrogen carrier and methanol reforming technologies that promise high hydrogen purity, lower energy consumption and reduced infrastructure costs. By integrating these advanced hydrogen production and logistics capabilities with China Carbon Neutral Development Group’s resources and channels, the collaboration could enhance the group’s role in the hydrogen value chain and strengthen its position in China’s emerging carbon‑neutrality ecosystem.
The most recent analyst rating on (HK:1372) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on China Carbon Neutral Development Group Limited stock, see the HK:1372 Stock Forecast page.
More about China Carbon Neutral Development Group Limited
China Carbon Neutral Development Group Limited operates in the low‑carbon and clean energy sector, focusing on carbon asset operations, capital operations and technologies that support carbon neutrality. The group targets industrial decarbonization and renewable energy solutions, positioning itself to benefit from China’s push toward its dual‑carbon emission and neutrality goals.
Average Trading Volume: 2,168,658
Technical Sentiment Signal: Sell
Current Market Cap: HK$769.5M
Learn more about 1372 stock on TipRanks’ Stock Analysis page.