On June 30, Shougang LanzaTech rose 6.08% in regular trading, reaching HK$54.05 and setting a new post-listing high, with turnover of approximately HK$41.16 million.

The move was catalyzed by the expiration of the price stabilization period on June 28, during which no stabilization actions were taken and the over-allotment option lapsed. Concurrently, a recent Bloom Energy report highlighted that on-site power generation combined with CCUS technology is becoming a new industry trend for data centers, with an estimated 31% of on-site powered data center facilities expected to adopt CCUS technology by 2030, rising to 41% by 2035.

Shougang LanzaTech is the worlds largest enterprise utilizing synthetic biology technology in the CCUS industry by scale. The company recently achieved a milestone breakthrough with its Hebei Shoulang Phase II project, the worlds first 10,000-ton-scale industrial tail gas biosynthesis anhydrous ethanol demonstration project, which has now entered commercial operation. Additionally, the company plans to construct a sustainable aviation fuel facility in Baotou, Inner Mongolia, with production targeted for 2027.

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