C CARBONNEUTRAL (01372) has announced the signing of a strategic cooperation agreement with Shaanxi Ligu New Energy Co., Ltd. The partnership, established on March 29, 2026, will leverage the respective strengths of both parties in capital operations, carbon asset management, channel resources, organic liquid hydrogen storage and transportation, and renewable energy technologies. The collaboration aims to build a comprehensive technical system encompassing green hydrogen production, safe storage and transport, industrial decarbonization, and green materials, thereby supporting the achievement of carbon peaking and carbon neutrality goals.
Key areas of cooperation include: 1) Green Hydrogen Production and Technology Application: The partners will jointly advance the optimization of hydrogen production technologies such as methanol aqueous phase reforming and biomass glycerol reforming to enhance efficiency and reduce carbon emissions. Building upon Shaanxi Ligu New Energy's first domestically-built pilot dehydrogenation facility with a daily output of 200 kilograms, which has been certified as nationally advanced and exceeds international technological standards, the two entities will accelerate the industrial scaling and development of standardized products for this technology.
2) Industrialization of Organic Liquid Hydrogen Storage and Transport: Utilizing the group's pipeline and logistics resources, the partnership will promote toluene-methylcyclohexane-based organic liquid hydrogen storage and transport technology. This initiative seeks to enable long-distance, low-cost, and safe hydrogen transportation using existing petrochemical logistics infrastructure. The collaboration will also focus on developing standardized dehydrogenation units adaptable to various hydrogen source scales, with priority deployment in regions like the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area. Furthermore, they will explore scenarios for national strategic hydrogen reserves and international hydrogen trade.
3) Industrial Decarbonization and Green Materials Expansion: By integrating the group's carbon capture, utilization, and storage (CCUS) technology with Shaanxi Ligu New Energy's low-carbon solutions, the partnership will provide tailored decarbonization strategies for industries including chemicals, steel, refining, and coking, targeting ten-thousand-ton scale carbon emission reductions. The two parties will also jointly promote the industrialization of technologies such as biomass-derived 2,5-Furandicarboxylic Acid (FDCA) materials and sustainable aviation fuels, covering four major application scenarios: civil aviation fuel supply, petrochemical enterprise upgrades, comprehensive biomass utilization at the county level, and high-value utilization of urban food waste.