Le Lézard
Classified in: Environment, Transportation, Science and technology, Business
Subject: CON

CMIC ENHANCES ITS POSITIONING IN HYDROGEN SECTOR BY INVESTING A HYDROGEN-POWRED TRUCK LEASING PLATFORM


HONG KONG, June 27, 2022 /PRNewswire/ -- CMIC, through its wholly owned subsidiary China Merchant Green Hydrogen Technology Co., Ltd ("GHT"), signed a share purchase agreement to invest in Shenzhen Intelligent Hydrogen Industry Co., a hydrogen powered truck leasing platform to provide green transportation solutions required in specific clean environments such as domestic ports, parks, municipal sanitation roads, etc.

The picture of the five parties signing a share purchase agreement

This is one of several steps CMIC has been taking recently to enhance its positioning in the hydrogen value chain. This platform brings together CMIC's green hydrogen production and refueling technology portfolios and the technologies of other shareholders. The parties can together integrate their capabilities to combine critical technical, environmental and economic expertise and resources needed to create a complete supply chain for use of hydrogen as fuel for vehicles. 

To this end, other shareholders of Shenzhen Intelligent Hydrogen have proven technologies for hydrogen fueled trucks and vehicles as well as vehicle management and operations platforms. GHT has also already invested in electrolytic water hydrogen production equipment technology and has capability to develop and manufacture core equipment for hydrogen refueling stations.

The combination will expedite the process of delivering commercial applications by bringing together end-to-end solutions to ensure a valuable ecosystem is created for commercial applications. Initially the use is focused on hydrogen powered heavy trucks with Shenzhen Intelligent Hydrogen technology. CMIC being a member of the China Merchant Group will also be able to contribute resources for marketing, manufacturing and sourcing of financial support as the market develops.

CMIC

CMIC Ocean En-tech is a leading technology company providing complete engineering, manufacturing and integrated solutions to customers in oil and gas, offshore wind and hydrogen sectors.  CMIC is also in the business of investing in energy sectors including the renewable energy sector. CMIC's major shareholder is the China Merchants & Great Wall Ocean Strategy & Technology Fund (L.P.).

SOURCE CMIC Ocean En-Tech Holding Co.,Ltd.


These press releases may also interest you

at 15:59
In two letters to the International Sustainability Standards Board (ISSB) Chairman Emmanuel Faber, and Vice-chair Sue Lloyd, The Institute of Internal Auditors (IIA) - the internal audit profession's leader in standards, certification, education,...

at 15:41
A new study in the August issue of the Journal of Cleaner Production reveals that it is possible for farms to sequester carbon and reduce their overall greenhouse gas emissions. A...

at 15:26
Evolve Houston's new President and Executive Director Casey Brown announced an all-new Equity Program with the launch of the eMobility Microgrant Initiative funded by Evolve Corporate Catalysts, General Motors and bp. This initiative will facilitate...

at 14:00
As drought conditions continue to affect communities across the state, California American Water announced it will be stepping enforcement of its water shortage rules by implementing water waste patrols. The increased monitoring reflects ongoing...

at 12:49
Southern California Gas Co. (SoCalGas) today announced the official groundbreaking on construction of a first-of-its-kind advanced hydrogen generation system at SunLine Transit Agency in Thousand Palms, California. The project, called H2 SilverSTARS,...

at 11:45
The 'Environmental Consulting Services Global Market Opportunities And Strategies To 2031: COVID-19 Impact And Recovery' report has been added to ResearchAndMarkets.com's offering. The environmental consulting services market reached a value of...



News published on 27 june 2022 at 04:49 and distributed by: