Rich Gas Energy Surges Near 15% as Haimi Tonghui Technologies Orders 1.5 Billion Green Hydrogen Equipment Procurement Contract from Company

Rich Gas Energy (02582) surged nearly 15% in early trading, with a price increase of 7.57% as of the time of release, reported at HK$73.20, with a turnover of HK$1.301 billion.

Rich Gas Energy announced that it has signed a 100 MW green power electrolysis equipment sales agreement with Haimi Tonghui Technologies, with a total value exceeding HK$1.5 billion. According to the sales agreement, Rich Gas Technology will supply 22 sets of 1000 cubic meters per hour electrolysers, gas-liquid processing equipment, green power electrolysis control systems, safety detection systems, and public auxiliary equipment to the client.

The announcement stated that this cooperation marks an important milestone in the company's large-scale application of electrolysis technology in the northwest industrial field. Based on the rich wind energy, photovoltaic, and other renewable energy resources in the Haimi region, it will integrate hydrogen production and metallurgical industry for long-term strategic planning, representing the company's first comprehensive green power electrolysis-metallurgy solution in the green metallurgy sector.