Shares of SHOUGANG LANZA (HKEX: 02553) commenced trading today on the Hong Kong Stock Exchange.

The company's initial public offering was priced at HK$14.6 per share, with a total of 40 million shares issued, representing 2,000 board lots of 200 shares each.

The net proceeds from the offering are approximately HK$486 million.

In early trading, the stock price surged 91.78% to reach HK$28, with a trading turnover of HK$395 million.

Key Business and Market Position

The company specializes in the resource utilization of industrial waste gases, converting exhaust gases from industries like steel and ferroalloys into products such as ethanol and microbial protein through biological fermentation.

It is recognized as the first company globally to achieve large-scale commercial implementation of this technological pathway.

The company has progressed from first-generation carbon reduction to second-generation carbon-negative technologies.

Future Development Plans

In the Sustainable Aviation Fuel (SAF) sector, the company holds a forward-looking position and plans to commission China's first 50,000-ton demonstration project by 2027.

Leveraging the state-owned background of its parent, Shougang Group, and holding the nation's first license for synthesizing feed protein from industrial waste gases, the company possesses a distinct cost advantage and competitive barriers.