Hydrexia Holding Ltd. (Hydrexia), a leading H₂ technology solution provider, and China National Chemical Urban Investment Co. Ltd. (CNCUI), a wholly owned subsidiary of China National Chemical Engineering Group Corporation Ltd., announced that the two companies have formed a strategic alliance to jointly promote H₂ applications across industry spectrums in China.

Under the framework of the alliance, Hydrexia and CNCUI will join hands in creating H₂ applications leveraging magnesium-based solid-state and other related technologies. Through a phased approach, the alliance will focus on creating a wide range of application scenarios involving H₂ purification, transport, storage and end-use applications. This initiative aims to harness synergies between two companies and create projects showcasing applications across industry streams. Hydrexia will leverage its advanced H₂ technology solutions and equipment, and CNCUI will provide its abundant market resources in chemical sectors.

CNCUI participates in many of the strategic national-level initiatives on decarbonizations and invests in clean energy and environmental protection related projects. Hydrexia is a leading technology solution provider with global presence known for its across value chain H₂ technology solutions. The alliance provides a win-win scenario where both companies can fully leverage their technological and market strengths.

"We are excited about our strategic alliance with CNCUI. The very synergy we have with each other in creating clean energy ecosystem makes enthusiastic sense for the alliance," said Alex Fang, the chairman and CEO of Hydrexia. "We are confident that the alliance will serve as a strong enabler to broaden H₂ applications and expedite the development of H₂ industry, "Fang continued.

"We are pleased with the alliance. From a technological standpoint, Hydrexia's H₂ technology and solutions fit in perfectly with our long-term strategic goal of creating a clean energy ecosystem," commented Mr. Jiang Zheng, the chairman of CNCUI. "The alliance uniquely combines our strengths needed to make this system a reality," Zheng added.

Hydrexia actively works in partnership with major global industry players to promote its H₂ technology and solutions. The strategic alliance with CNCUI represents Hydrexia's continued business strategy in global markets. As an industry-leading H₂ technology solution provider, Hydrexia's innovative technology and products have gained considerable traction globally.