{"id":451540,"date":"2021-03-04T22:10:18","date_gmt":"2021-03-05T03:10:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451540"},"modified":"2021-03-04T22:10:18","modified_gmt":"2021-03-05T03:10:18","slug":"cimc-enric-and-hexagon-purus-establish-hydrogen-jvs-localizing-world-class-type-4-hydrogen-cylinders-in-china","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cimc-enric-and-hexagon-purus-establish-hydrogen-jvs-localizing-world-class-type-4-hydrogen-cylinders-in-china\/","title":{"rendered":"CIMC Enric and Hexagon Purus establish hydrogen JVs, localizing world-class Type 4 hydrogen cylinders in China"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n SHENZHEN, China<\/span>, March 4, 2021<\/span> \/PRNewswire\/ — CIMC Enric Holdings Limited<\/b>\u00a0(“CIMC Enric<\/b>” or “the Company<\/b>“, SEHK stock code: 3899.HK),\u00a0announced that CIMC Hydrogen Energy, a wholly-owned subsidiary of the Company, has entered into Joint Venture (JV<\/b>) agreements with Hexagon Purus HK to provide safe, lightweight and cost-efficient compressed hydrogen storage and distribution solutions to meet the fast-growing market demand in China<\/span> and Southeast Asia<\/span>. <\/p>\n

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Hexagon Purus HK is a wholly-owned subsidiary of Hexagon Purus AS (“Hexagon Purus<\/b>“, stock ticker: HPUR), a provider of world class Type 4 (“T4<\/b>“) hydrogen cylinder and systems technologies and design.*<\/span><\/p>\n

\n Cooperation structure<\/b>\n <\/p>\n

The cooperation will be based on a balanced ownership structure. It will be organized using dedicated operating entities: <\/p>\n