SHOUGANG LANZA (02553.HK): Signs SAF cooperation framework deal
- The three parties will deepen cooperation on upstream gas source development for industrial off-gas microbial fermentation to ethanol and on green, high value-added downstream ethanol products.
- They will build a chain of diverse gas sources, green ethanol, and biofuels and bio-based new materials, expanding products such as green ethanol and bio-based ethylene.
NewTimeSpace News: On 12 October 2026, Beijing Shougang LanzaTech Technology Co., Ltd. (02553.HK) announced that it signed a cooperation framework agreement with Sinopec Research Institute of Petroleum Processing (RIPP) and Sinopec Ningbo Engineering Co., Ltd. The three parties will jointly promote a bioethanol-to-sustainable aviation fuel (SAF) project in Shizuishan, Ningxia, and deepen cooperation on upstream gas source development for industrial off-gas microbial fermentation to ethanol and on green, high value-added downstream ethanol products.
Key contents include advancing a 50,000-tonne-per-year industrial off-gas to ethanol-to-SAF project, jointly developing CO2 electro-conversion coupled with bio-fermentation for ethanol, and expanding downstream bio-based new materials such as green ethanol and bio-based ethylene. RIPP is a Sinopec research institute and Ningbo Engineering a Sinopec engineering service provider.
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