ASX-Dividend-Report-Banner

FlexFuel Hydrogen Development (Shenzhen) has entered into a landmark Strategic Collaboration Agreement with MCC Tiangong Group Corporation Limited

March 21, 2025 12:01 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 FlexFuel Hydrogen Development (Shenzhen) has entered into a landmark Strategic Collaboration Agreement with MCC Tiangong Group Corporation Limited
Image source: Kalkine Media

Committed to advancing green energy solutions

Capitalizing on growing opportunities in the hydrogen technology sector

HONG KONG, March 21, 2025 /PRNewswire/ -- China International Development Corporation Limited ("CIDC" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 0264) is pleased to announce the successful establishment of its joint venture company, Flex Fuel Eco Company Limited ("JV Company"), formed in collaboration with Flex Fuel Hydrogen Development Group Limited ("Strategic Partner"), has been officially incorporated. Through a strategic reorganization, the JV Company now serves as the holding entity for FlexFuel Hydrogen Development (Shenzhen) Company Limited ("FFHD"), which has entered into a landmark Strategic Collaboration Agreement with MCC Tiangong Group Corporation Limited ("MCC Tiangong").

The JV Company has rapidly scaled operations, importing and installing *over 60 hydrogen decarbonizing and cleaning stations* across more than 20 strategic locations in the PRC. This strategic initiative underscores the Group's commitment to advancing green energy solutions and capitalizing on growing opportunities in the hydrogen technology sector. 

MCC Tiangong, a leading construction enterprise jointly owned by China Minmetals Corporation ("CMC") and Metallurgical Corporation of China Limited ("MCC"), is affiliated with CMC—a state-owned enterprise directly under the Chinese Central Government. This partnership leverages MCC Tiangong's extensive industry network and CIDC's innovative hydrogen technologies. 

Hydrogen Cleaning Systems: Technology and Market Penetration

Under the Strategic Collaboration Agreement, FFHD will deploy its proprietary hydrogen injection cleaning systems (branded as Flex Fuel) for engines across automobiles, vessels, aircraft, and heavy machinery.

To date, FFHD has secured multiple service agreements with major PRC conglomerates, including Jilin Dacheng Fangxin Automobile Service Co., Ltd., operator of the renowned "Dacheng Truck Repair" network—one of China's largest automotive repair and maintenance chains. 

Operational Expansion and Revenue Outlook

Since its inception, the JV Company has rapidly scaled operations, importing and installing *over 60 hydrogen decarbonizing and cleaning stations* across more than 20 strategic locations in the PRC, including Beijing, Wuhan, Xinjiang, the Northwest region, Guangdong province, and Macau. Service agreements are typically structured for an initial term of two years, extendable upon mutual agreement. 

The Group has already commenced revenue generation from these initiatives, with expectations for a sustained and growing income stream. 

Future Prospects and Shareholder Value

CIDC commented: "Our collaboration with MCC Tiangong marks a transformative step in positioning CIDC at the forefront of hydrogen innovation. By integrating FFHD's cutting-edge technology with MCC Tiangong's unparalleled market reach, we are poised to capture significant opportunities in China's green energy transition. The Board remains dedicated to exploring new ventures that enhance long-term shareholder value." 

About Flex Fuel Hydrogen Development  (Shenzhen) Co., Ltd

Flex Fuel Hydrogen Development (Shenzhen) Co., Ltd. is an Asia-Pacific subsidiary of French Flex Fuel Hydrogen Development Co., Ltd. (Base in France founded in 2008, one of the French technology 120 index companies). It has the exclusive sales and production authorisation in the Asia-Pacific region. The engine hydrogen maintenance equipment has been officially certified by the French Railways Agency, the Oceanic Agency, the Ministry of Environmental Protection and other official safety certifications. At present, the group is engaged in hydrogen research and development and production equipment, providing a full range of energy solutions, applying its equipment and the hydrogen produced according to customer needs, so as to reduce costs, meet the world trend, apply renewable energy, directly reduce emissions and save energy, and meet the requirements of commercial ESG.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.