Great Wall Holdings, Delong Group, Liben Energy inks agreement to build hydrogen ecosystem

Shanghai (Gasgoo)- On Sept. 13, Great Wall Holdings Group Limited, Shanghai Delong Steel Group (“Delong Group), and Tianjin Liben Energy Technology Co., Ltd. ("Liben" is Chinese Pinyin) signed a strategic cooperation agreement to jointly build a global-leading hydrogen industrial ecosystem, according to a post on WeChat account of Great Wall Motor.  

Under the agreement, the three parties will conduct all-round strategic cooperation in such fields as hydrogen equipment, hydrogen production, hydrogen storage, production and transportation of gaseous and liquid hydrogen, hydrogen-refueling station construction, zero-carbon logistics, photovoltaic power generation, and carbon trade.

Photo credit: Great Wall Motor

During the validity period for the tripartite agreement, the three companies will share with each other their resources, products, technologies, and services to gradually build a complete industrial closed loop integrating hydrogen production, storage, transportation, refueling, and application under the business model of carbon trade. To fulfill this target, they will choose a zero-carbon emission logistics transportation project as the gateway.

By virtue of the three parties' global industrial resources, especially in the Beijing-Tianjin-Hebei region, they will make joint efforts to promote no fewer than 5,000 units of hydrogen equipment during the term of the agreement. Besides, they will team up on building a zero-carbon logistics comprehensive solution open to the whole society.