Pure Hydrogen Corporation Partners with Vietnam for Green Transport Initiative
Key Ideas
- Pure Hydrogen Corporation signs MoU with Vietnam ASEAN Hydrogen Club to supply five hydrogen-powered buses and infrastructure for public transport in Ho Chi Minh City.
- Vietnam aims to replace 90% of diesel buses with clean energy alternatives by 2030, in line with net-zero emissions target.
- The deal is expected to bring approximately $8.8M in revenue for Pure Hydrogen Corporation, showcasing its increasing presence in the global hydrogen vehicle market.
- Investors interested in AU:PH2 stock can find more information on TipRanks' Stock Analysis page.
Pure Hydrogen Corporation Limited has entered into a significant partnership with the Vietnam ASEAN Hydrogen Club to introduce a public transport demonstration in Ho Chi Minh City. The agreement involves supplying five hydrogen-powered buses, along with the necessary hydrogen production and refueling infrastructure, to support a green transport initiative. This move is part of Vietnam's ambitious plan to transition to cleaner energy sources and reduce diesel-based public transportation. By targeting to replace a substantial portion of diesel buses with eco-friendly alternatives by 2030, Vietnam aligns its efforts with the broader aim of achieving net-zero emissions. The collaboration is expected to not only contribute to environmental sustainability but also to bolster Pure Hydrogen Corporation's position in the international hydrogen vehicle market. With an estimated revenue of $8.8 million from this deal, the company demonstrates its commitment to advancing sustainable solutions and expanding its global footprint. For investors seeking insights into Pure Hydrogen Corporation Limited, exploring TipRanks' Stock Analysis page can provide valuable information and perspectives on AU:PH2 stock.