RE: This gets better and better11 Oct 2021 09:23
fantastic news, PowerChina has a mcap of £13.2 billion!!
https://www.google.com/search?q=powerchina+share+price&rlz=1C1GCEA_enGB957GB957&oq=powerchina+share&aqs=chrome.0.0i512j69i57j0i22i30.6279j0j15&sourceid=chrome&ie=UTF-8
Green Hydrogen Co-Operation Agreement with PowerChina International Group Ltd
Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce that it has signed a non-exclusive co-operation agreement (the "Agreement") with PowerChina International Group Ltd ("PowerChina") with the objective of jointly developing a green hydrogen production facility in ****stan.
Highlights
· Green hydrogen, hydrogen that is generated from renewable sources, is widely regarded as one of the most important energy sources to support the transition to a carbon neutral future
· Green hydrogen is becoming a competitive fuel source in multiple sectors, including steel and fertiliser production, cars, power generation, long-range shipping and aviation
· PowerChina, one of the largest Chinese state-owned-enterprises, has partnered with Oracle, with the intention to set up a hydrogen facility in ****stan to produce hydrogen with electrolysers powered by photovoltaics
· Targeting a 400MW capacity hydrogen plant, with planned hydrogen production of approximately 150,000 kg per day
· The Government of ****stan is reviewing proposals from international investors and has also set up a dedicated team to review options and strategy
· PowerChina has reported its interest to its government in China and the project is expected to receive bilateral support through the CPEC programme
· PowerChina is working on a technical pre-feasibility and both parties have begun collaborating with their respective governments for required support.