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V-ZUG Inaugurates Methane Pyrolysis Plant to Drive Decarbonization

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V-ZUG Inaugurates Methane Pyrolysis Plant to Drive Decarbonization

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An update from V-ZUG Holding Ltd ( (CH:VZUG) ) is now available.

V-ZUG, in collaboration with the Association for the Decarbonization of Industry and other partners, has inaugurated a methane pyrolysis plant at its production site in Zug, Switzerland. This innovative plant, which represents a significant investment and collaboration among 16 leading companies and Empa, aims to advance the decarbonization of the Swiss industry by 2050. The plant will produce hydrogen as a climate-friendly energy source and solid carbon for use in construction and agriculture, marking a pioneering step towards emission-free industrial processes. This project underscores the potential for research, business, and public sector collaboration to achieve significant progress in climate strategy.

The most recent analyst rating on (CH:VZUG) stock is a Buy with a CHF66.00 price target. To see the full list of analyst forecasts on V-ZUG Holding Ltd stock, see the CH:VZUG Stock Forecast page.

More about V-ZUG Holding Ltd

V-ZUG is a leading Swiss brand specializing in household appliances, with a focus on developing and producing kitchen and laundry room appliances in Switzerland. The company also markets its products in selected premium markets abroad and offers comprehensive service across all its markets. V-ZUG Group includes SIBIRGroup AG, which provides nationwide service and trade of household appliances. The group employs around 2,100 people and is listed on the Swiss Reporting Standard of the SIX Swiss Exchange.

Average Trading Volume: 6,133

Technical Sentiment Signal: Sell

Current Market Cap: CHF264.2M

For an in-depth examination of VZUG stock, go to TipRanks’ Overview page.

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