Beijing Shougang rises as unit gets key European green fuels market access credential
BUZZ-Beijing Shougang rises as unit gets key European green fuels market access credential ** Shares of Beijing Shougang Lanzatech Technology 2553.HK jump 7.5% to HK$18.38, their biggest intraday pct gain since September 18
** Stock of the Chinese low-carbon products producer on track to snap three consecutive sessions of declines
** Company says its unit Hebei Shoulang New Energy Technology obtains the International Sustainability and Carbon Certification (ISCC EU) granted by SCS Global Services on September 14, marking the first such certification issued in the global recycled carbon fuel sector
** ISCC EU is a certification system recognised by the European Union, confirming compliance with the requirements of the Revised Renewable Energy Directive while serves as a key market access credential for green fuels entering the European market, Beijing Shougang says
** Since debut on June 3, stock up 17.7% from the offer price of HK$14.60 apiece
** YTD, benchmark Hang Seng Index .HSI down 3.5%
(Reporting by Donny Kwok)
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