Air Products Partners With Chengzhi To Drive Zero-Emission Heavy Transportation In China's Yangtze River Delta
Portfolio Pulse from Benzinga Newsdesk
Air Products (NYSE:APD) has partnered with Chengzhi Shareholding Co. Ltd. to accelerate transport decarbonization in China's Yangtze River Delta. The companies have launched their first commercial-scale hydrogen fueling station in Changshu city, Jiangsu province. The station fuels hydrogen fuel cell trucks of various multinational and domestic companies, including Budweiser China, Yum China, the logistics service provider of Nestle China and JD Logistics, to pilot zero-emission logistics operations.

November 09, 2023 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Air Products' partnership with Chengzhi and the launch of their first commercial-scale hydrogen fueling station in China could potentially boost the company's presence and revenues in the region.
The partnership with Chengzhi and the launch of a commercial-scale hydrogen fueling station in China could potentially increase Air Products' market share and revenues in the region. The company's commitment to zero-emission logistics operations aligns with global sustainability trends, which could attract more partnerships and customers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100