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    1   KYG217651051

CK HUTCHISON HOLDINGS LIMITED

(1)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-09-30 am EDT
43.40 HKD   +0.58%
09/05CK HUTCHISON HOLDINGS LIMITED : Ex-dividend day for interim dividend
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08/30CK Hutchison Holdings Limited Announces Board Changes
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08/30CK Hutchison Holdings Limited Announces Board Committee Appointments
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ScottishPower Plans To Build Green Hydrogen Plant at U.K.'s Busiest Container Port

08/09/2022 | 10:16am EDT

By Maitane Sardon


ScottishPower, a subsidiary of Spanish utilities giant Iberdrola SA, is planning to build a green hydrogen plant in Britain's busiest container port, in a move aimed at helping replace polluting fuels in powering trains, trucks and ships.

The Glasgow-based energy company said Tuesday that it has teamed up with port-operator group Hutchison Ports to explore the development and construction of a 100-megawatt green hydrogen production facility at the port of Felixstowe in Suffolk, England.

ScottishPower said the proposed plant would produce green hydrogen for onshore purposes, such as road, rail and industrial use. It would also offer the opportunity to create derivative products of the fuel such as green ammonia or e-methanol, it said.

In Europe, the case for hydrogen--including its green version made with renewable electricity--is gaining momentum amid surging energy prices and concerns about commodity supplies after Russia's invasion of Ukraine.

"This strategically important project could potentially create a clean fuels hub that could unlock nationally significant decarbonisation for the region, as well as playing a role in international markets," said Barry Carruthers, Hydrogen Director at ScottishPower.

The company said that the project could deliver up to 40 metric tons of the low-carbon fuel per day, or enough to power 1300 hydrogen trucks.


Write to Maitane Sardon at maitane.sardon@wsj.com


(END) Dow Jones Newswires

08-09-22 1015ET

Stocks mentioned in the article
ChangeLast1st jan.
CK HUTCHISON HOLDINGS LIMITED 0.58% 43.4 Delayed Quote.-13.72%
GREEN HYDROGEN SYSTEMS A/S 2.36% 13.86 Delayed Quote.-60.58%
IBERDROLA, S.A. -0.66% 9.564 Delayed Quote.-7.53%
POWER SOLUTIONS, LTD. -0.40% 2520 Delayed Quote.7.88%
All news about CK HUTCHISON HOLDINGS LIMITED
09/05CK HUTCHISON HOLDINGS LIMITED : Ex-dividend day for interi..
FA
08/30CK Hutchison Holdings Limited Announces Board Changes
CI
08/30CK Hutchison Holdings Limited Announces Board Committee Appointments
CI
08/29CK Hutchison Holdings Limited Announces Demise of Cheng Hoi Chuen, Independent Non-Exec..
CI
08/22Felixstowe dock workers begin eight-day strike
AQ
08/09ScottishPower Plans To Build Green Hydrogen Plant at U.K.'s Busiest Container Port
DJ
08/09Talks between union and UK container port Felixstowe end without deal
RE
08/08UBS Adjusts CK Hutchison Holdings' Price Target to HK$70 From HK$67.5, Keeps at Buy
MT
08/05Nomura Adjusts CK Hutchison's Price Target to HK$66.70 From HK$71.20, Keeps at Buy
MT
08/04CK Hutchinson's Profit Rises 4% in First Half of 2022
MT
More news
Analyst Recommendations on CK HUTCHISON HOLDINGS LIMITED
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Financials
Sales 2022 446 B 56 873 M 56 873 M
Net income 2022 37 791 M 4 814 M 4 814 M
Net Debt 2022 150 B 19 060 M 19 060 M
P/E ratio 2022 4,41x
Yield 2022 6,65%
Capitalization 166 B 21 200 M 21 200 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,67x
Nbr of Employees 170 294
Free-Float 69,4%
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Mean consensus BUY
Number of Analysts 11
Last Close Price 43,15 HKD
Average target price 72,88 HKD
Spread / Average Target 68,9%
EPS Revisions
Managers and Directors
Tzar Kuoi Li Group Co-Managing Director & Deputy Chairman
Kin Ning Fok Group Co-Managing Director & Executive Director
Frank John Sixt Group Finance Director & Executive Director
Yick Ming Wong Independent Non-Executive Director
Michael David Kadoorie Independent Non-Executive Director
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