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China Carbon Neutral Development Group Expands Negative Carbon Business; Shares Climb Nearly 4%

MT Newswires ·  {{timeTz}}

02:48 AM EDT, 07/21/2022 (MT Newswires) -- China Carbon Neutral Development Group (HKG:1372) is providing negative carbon consultation services to the Carbon Capture and Utilization Demonstration Project of flue gas from coal-fired boilers implemented by Foshan Jialida Environmental Protection Technology.

The move comes as the engineering and construction company seeks to expand its negative carbon business in the Greater Bay Area.

Construction for the project is expected to be completed and put into operation by end-2022, according to a bourse filing on Wednesday.

Shares climbed nearly 4% in recent trade.

Price (HKD): $3.25, Change: $+0.11, Percent Change: +3.50%

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