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CIMC Enric (03899.HK) Reaches Cooperation Intent with Pangang Group on Steel-Coke Integration Project
CIMC Enric (03899.HK) announced that it recently signed a letter of intent for cooperation with Pangang Xichang, a wholly-owned subsidiary of Pangang Group, to jointly advance a "s...
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CIMC Enric (03899.HK) Reaches Cooperation Intent with Pangang Group on Steel-Coke Integration Project
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CIMC Enric (03899.HK)  -0.010 (-0.104%)    Short selling $2.93M; Ratio 7.933%   announced that it recently signed a letter of intent for cooperation with Pangang Xichang, a wholly-owned subsidiary of Pangang Group, to jointly advance a "steel-coke integration" project. This will mark the companys sixth steel-coke integration project in its portfolio.

After the project is implemented in Xichang City, it is expected to leverage the project to stimulate upstream and downstream scenarios including LNG, hydrogen production, storage, transportation and refueling, as well as terminal applications. The initiative will help the local area enhance the full industry chain covering "production-storage-transportation-refueling-application" and promote the transformation of regional industries from "resource dependence" to "green technology-driven" development. Currently, CIMC Enrics two steel-coke integration cooperative projects in Liaoning Province have both achieved stable operations. The projects recorded profits in their first year of operation and established the nations first 100% conversion model pathway for coke oven gas. (ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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