Hong Kong-listed Hans Energy has acquired a 54.44% stake in Bravo Transport, the parent company of Citybus, with plans to become a majority shareholder after investing HK$2.72 billion. The move aims to accelerate the adoption of hydrogen-fuelled vehicles and support Hong Kong's transition to a net-zero economy. By vertically integrating the energy supplier and key end-user, Hans Energy intends to leverage its expertise in petroleum product trading and logistics to reduce fuel costs for Citybus while strategically developing the hydrogen industry to align with the bus operator's emissions goals. This acquisition also solidifies the long-term prospects for Citybus as part of a listed company on the Hong Kong stock exchange. The collaboration between Hans Energy and Bravo Transport comes as part of Hong Kong's broader efforts to combat climate change, with the transport sector being a significant contributor to carbon emissions. As the city aims for carbon neutrality by 2050, initiatives like replacing diesel buses with low-emission models and exploring hydrogen fuel cells for heavy transport vehicles are becoming key priorities. The government has set up working groups to facilitate the introduction of hydrogen into the energy mix, with plans to launch pilots of fuel cell buses and heavy vehicles by 2024. Bravo Transport, valued at HK$5 billion, operates a significant fleet of buses across Hong Kong Island, Kowloon, and the New Territories, catering to over 1 million passengers daily. The company's expansion into hydrogen technologies, alongside the expertise and resources of Hans Energy, signals a positive step towards a more sustainable and environmentally-friendly transport ecosystem in Hong Kong.