Hydrogen fuel technology company Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (2582.HK) said on Tuesday it agreed to supply a 20 MW hydrogen production system to GF Hydrogen Africa Sarl for $6.2 million, as it aims to establish a large-scale demonstration project for advancing green hydrogen supply in Morocco.
Separately, Goufu said it agreed to supply five or more hydrogen refueling stations, together with related installation services, to Guangdong Yuntao Hydrogen Energy Technology for 32.05 million yuan ($4.66 million).
Shares of Guofu opened up 2.1% at HK$24.54 on Wednesday. The stock is down over 80% from its 52-week high.
By Lau Chi Hang
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