On March 29, 2026, China Carbon Neutral (01372) entered into a strategic cooperation agreement with Shaanxi Ligu New Energy Co., Ltd. The collaboration aims to harness the respective technological prowess and industrial capabilities of both entities in areas such as capital operations, carbon asset management, channel resources, organic liquid hydrogen storage and transportation, renewable energy, and beyond. Together, they aspire to construct a comprehensive technological system that spans the entire value chain—from green hydrogen production to secure storage and transportation, industrial decarbonization, and the development of green materials—thereby advancing the realization of China's 'dual carbon' objectives.

The scope of cooperation encompasses the following key areas:

• Green Hydrogen Production and Technological Application Promotion: Both parties will collaborate to refine technologies like hydrogen production through methanol aqueous-phase reforming and biomass glycerol-based hydrogen production, with the goal of boosting hydrogen production efficiency and curbing carbon emissions. They will expedite the industrial scaling and standardized product development of Shaanxi Ligu New Energy's pioneering 200 kg/day dehydrogenation pilot plant within China.
• Industrialization of Organic Liquid Hydrogen Storage and Transportation: Leveraging China Carbon Neutral's pipeline and logistics infrastructure, the partners will champion the adoption of toluene-methylcyclohexane-based organic liquid hydrogen storage and transportation technology. This approach will capitalize on the existing petrochemical logistics network to facilitate long-distance, cost-effective, and secure hydrogen storage and transportation. They will also co-develop standardized dehydrogenation units tailored to varying scales of hydrogen demand, with initial deployments planned for regions such as the Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area. Additionally, they will explore opportunities for national-level hydrogen energy strategic reserves and international hydrogen trade.
• Expansion of Industrial Decarbonization and Green Materials: By integrating China Carbon Neutral's carbon capture, utilization, and storage (CCUS) technologies with Shaanxi Ligu New Energy's low-carbon innovations, the partners will offer bespoke industrial decarbonization solutions for sectors including chemicals, steel, refining, and coking, aiming to achieve significant carbon reductions on the scale of tens of thousands of tons. They will also jointly drive the industrialization of technologies such as biomass-derived 2,5-furandicarboxylic acid (FDCA) materials and sustainable aviation fuels, targeting four major application scenarios: civil aviation fuel supply, petrochemical enterprise modernization, county-level biomass comprehensive utilization, and urban kitchen waste high-value conversion.