- MOU signed to jointly explore opportunities in testing and operating hydrogen dispensers and related equipment in Australia.
- Censtar is the largest manufacturer of gas station equipment in China and is leading the way in hydrogen refuelling infrastructure, with 19 hydrogen stations already built and operating.
Lion Energy Limited (“Lion” or “Company”; ASX: LIO), as part of its green hydrogen production strategy announced on May 7, 2021, is pleased to announce the execution of a Memorandum of Understanding with the Censtar Group (“Censtar”) to explore opportunities in testing and operating Censtar equipment for hydrogen filling stations in Australia.
Mr Tom Soulsby, Lion’s Executive Chairman, said “we welcome the opportunity to cooperate with Censtar and we will start by assisting Censtar obtain relevant regulatory approvals for their hydrogen refuelling and related equipment in Australia. Lion believes that the demand for such equipment will be significant and believes that developing relationships to secure preferential supply to support Lion’s Green Hydrogen strategy makes a lot of sense”
Established in 1997, Censtar specializes in providing complete equipment solutions and management systems to gas stations. Censtar has held the top position in its industry in the Chinese market for the last 24 consecutive years, with an average market share of approximately 40%. The group is looking to expand its sale of dispensers, including hydrogen dispensers and ancillary hydrogen equipment in Australia.
For additional information please visit: en.censtar.com
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