C CARBONNEUTRAL (01372) signed a strategic cooperation agreement with Shaanxi Lixia New Energy.

CARBONNEUTRAL (01372) announced that on March 29, 2026, the group signed a strategic cooperation agreement with Shaanxi Lixinfu New Energy Co., Ltd. (Shaanxi Lixinfu New Energy). The two parties will leverage their respective advantages in capital operation, carbon asset operation, channel resources, organic liquid hydrogen storage and transportation, and renewable energy to jointly build a full-chain technology system covering green hydrogen production, safe storage and transportation, industrial decarbonization, and green materials, to help achieve the "dual carbon" goals. The main contents of the cooperation are: 1) Promotion of green hydrogen production and technology application: jointly promote the optimization of technologies such as methanol aqueous phase reforming hydrogen production and biomass glycerol hydrogen production to improve hydrogen production efficiency and reduce carbon emissions. Based on Shaanxi Lixinfu New Energy's domestically first pilot plant of 200 kg/day dehydrogenation unit (which has been recognized by national scientific and technological achievements evaluation, with overall technology being advanced compared to international standards), the two parties will accelerate the industrialization and standardization of this technology; 2) Industrialization of organic liquid hydrogen storage and transportation: relying on the group's pipeline and logistics resources, promote the hydrogen storage and transport technology of toluene-methylcyclohexane organic liquid, utilizing existing petrochemical logistics systems to achieve long-distance, low-cost, and safe hydrogen storage and transport. Together, develop standardized products of dehydrogenation units to meet the hydrogen demand of different scales, with priority applications in the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, and explore national hydrogen energy strategic reserves and international hydrogen energy trade scenarios; 3) Industrial decarbonization and expansion of green materials: combining the group's carbon capture, utilization, and storage (CCUS) technology with Shaanxi Lixinfu New Energy's low-carbon technology, providing customized industrial decarbonization solutions for industries such as chemicals, steel, refining, and coking to achieve tens of thousands of tons of carbon emission reductions. Promote the industrialization of 2,5-furandicarboxylic acid (FDCA) materials prepared from biomass, sustainable aviation fuels, covering four major application scenarios: civil aviation fuel supply, upgrading of petrochemical enterprises, comprehensive utilization of biomass in counties, and high-value utilization of urban kitchen waste.