We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Air Liquide (AIQUY) and ENEOS Team Up for Low-Carbon Hydrogen
Read MoreHide Full Article
Air Liquide (AIQUY - Free Report) and ENEOS Corporation — Japan’s leading energy company — have inked a Memorandum of Understanding (MoU) to collaborate on expediting the advancement of low-carbon hydrogen in Japan and contributing to the ongoing energy transition. AIQUY is a global leader in gases, technologies and services for Industry and Health.
The strategic partnership aims to leverage ENEOS' robust energy infrastructure and market presence in Japan alongside Air Liquide's extensive experience spanning over 60 years across the entire hydrogen value chain. This includes expertise in production, liquefaction, transport, storage, distribution and proficiency in Carbon Capture, Utilization and Storage (CCUS).
The collaboration will encompass the full spectrum of the low-carbon hydrogen value chain. In the upstream segment, the partners will explore the development of low-carbon hydrogen production, employing CCUS and electrolysis technologies. They will evaluate potential cooperation in establishing an international liquid hydrogen supply chain to cater to the Japanese market from overseas. In the downstream segment, the partnership envisions joint initiatives to advance hydrogen mobility in Japan, including the development of a hydrogen refueling station infrastructure.
Air Liquide and ENEOS will explore collaborative opportunities for innovation along the entire hydrogen supply chain. By uniting the strengths of two industry leaders, this collaboration is anticipated to contribute to the integration of hydrogen as a pivotal element in the decarbonization of industry and mobility in Japan. This partnership aligns seamlessly with Air Liquide's commitment to advancing in the energy transition, as outlined in its strategic plan ADVANCE, which intricately links financial and non-financial performance.
ENEOS is considering Methylcyclohexane (MCH) as its primary hydrogen carrier — a Liquid Organic Hydrogen Carrier (LOHC) that remains liquid at ambient temperature and pressure, facilitating easy handling, storage and transport. Through this MoU, both companies are exploring the potential use of liquefied hydrogen in the future, further contributing to the realization of a decarbonized society.
Commenting on the collaboration, ENEOS expressed confidence that partnering with Air Liquide, one of the world's largest industrial gas companies, will establish a solid foundation for leading the energy transition and sustaining energy supply in Japan within the framework of a carbon-neutral society.
Shares of Air Liquide have gained 28.7% in the past year compared with a 13% fall of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Air Liquide currently carries a Zacks Rank #2 (Buy).
The consensus estimate for CRS’s current fiscal year earnings is pegged at $3.57, indicating year-over-year growth of 213.2%. CRS beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 14.3%. The company’s shares have surged 66% in the past year.
The Zacks Consensus Estimate for ANDE’s current-year earnings has been revised 8.6% upward in the past 60 days. Andersons beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.8% on average. ANDE’s shares have rallied around 39% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 52 cents, indicating year-over-year growth of 85.7%. LIN beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have increased 43.8% in the past year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Air Liquide (AIQUY) and ENEOS Team Up for Low-Carbon Hydrogen
Air Liquide (AIQUY - Free Report) and ENEOS Corporation — Japan’s leading energy company — have inked a Memorandum of Understanding (MoU) to collaborate on expediting the advancement of low-carbon hydrogen in Japan and contributing to the ongoing energy transition. AIQUY is a global leader in gases, technologies and services for Industry and Health.
The strategic partnership aims to leverage ENEOS' robust energy infrastructure and market presence in Japan alongside Air Liquide's extensive experience spanning over 60 years across the entire hydrogen value chain. This includes expertise in production, liquefaction, transport, storage, distribution and proficiency in Carbon Capture, Utilization and Storage (CCUS).
The collaboration will encompass the full spectrum of the low-carbon hydrogen value chain. In the upstream segment, the partners will explore the development of low-carbon hydrogen production, employing CCUS and electrolysis technologies. They will evaluate potential cooperation in establishing an international liquid hydrogen supply chain to cater to the Japanese market from overseas. In the downstream segment, the partnership envisions joint initiatives to advance hydrogen mobility in Japan, including the development of a hydrogen refueling station infrastructure.
Air Liquide Price and Consensus
Air Liquide price-consensus-chart | Air Liquide Quote
Air Liquide and ENEOS will explore collaborative opportunities for innovation along the entire hydrogen supply chain. By uniting the strengths of two industry leaders, this collaboration is anticipated to contribute to the integration of hydrogen as a pivotal element in the decarbonization of industry and mobility in Japan. This partnership aligns seamlessly with Air Liquide's commitment to advancing in the energy transition, as outlined in its strategic plan ADVANCE, which intricately links financial and non-financial performance.
ENEOS is considering Methylcyclohexane (MCH) as its primary hydrogen carrier — a Liquid Organic Hydrogen Carrier (LOHC) that remains liquid at ambient temperature and pressure, facilitating easy handling, storage and transport. Through this MoU, both companies are exploring the potential use of liquefied hydrogen in the future, further contributing to the realization of a decarbonized society.
Commenting on the collaboration, ENEOS expressed confidence that partnering with Air Liquide, one of the world's largest industrial gas companies, will establish a solid foundation for leading the energy transition and sustaining energy supply in Japan within the framework of a carbon-neutral society.
Shares of Air Liquide have gained 28.7% in the past year compared with a 13% fall of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Air Liquide currently carries a Zacks Rank #2 (Buy).
Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation (CRS - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and The Andersons Inc. (ANDE - Free Report) and Alamos Gold Inc. (AGI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for CRS’s current fiscal year earnings is pegged at $3.57, indicating year-over-year growth of 213.2%. CRS beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 14.3%. The company’s shares have surged 66% in the past year.
The Zacks Consensus Estimate for ANDE’s current-year earnings has been revised 8.6% upward in the past 60 days. Andersons beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 32.8% on average. ANDE’s shares have rallied around 39% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 52 cents, indicating year-over-year growth of 85.7%. LIN beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have increased 43.8% in the past year.