Shougang Langze and Other Parties Sign Agreements to Develop Ethanol-to-SAF Projects

Chempricehub, October 13 — Shougang Langze (02553.HK) has signed agreements with the Sinopec Research Institute of Petroleum Processing and Sinopec Ningbo Engineering to jointly develop a project for producing Sustainable Aviation Fuel (SAF) from bioethanol. The company primarily produces ethanol via fermentation of industrial tail gas and has previously obtained ISCC EU international sustainability certification, enabling its products to access the low-carbon fuel market in the European Union. Following the announcement, the company’s share price surged by over 7% during the morning session on the next trading day.