Goldwind (02208) saw its shares rise more than 7% during the trading session. At the time of writing, the stock was up 5.14%, trading at HK$14.52, with a turnover of HK$138 million. The increase follows news that on February 12, the third phase of Goldwind Xing'an League's green hydrogen-to-green methanol project received official approval. Located in the Xing'an League Economic and Technological Development Zone, the project involves a total investment of RMB 2.3 billion and is scheduled to commence construction in May 2026. It will primarily consist of biomass gasification, methanol synthesis, distillation, and other key production facilities, along with supporting utilities, with an annual output of 725,000 tonnes of green methanol. In a previous research report, Changjiang Securities noted that during the 15th Five-Year Plan period, high-quality development of new energy will require breakthroughs in non-power applications, broadening the ways new energy is utilized. The application of green hydrogen, ammonia, and methanol in sectors such as chemicals, transportation, and metallurgy is expected to have significant potential. The firm expressed optimism regarding the investment value of the green hydrogen-ammonia-methanol industrial chain, with relevant targets including Goldwind.
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