Pure Hydrogen’s Bus Deal Fuels Vietnam’s Green Shift

Pure Hydrogen Corporation Limited Registered Shs (AU:PH2) has released an update.

Pure Hydrogen Corporation Limited has signed a Memorandum of Understanding with the Vietnam ASEAN Hydrogen Club to supply five hydrogen-powered buses, complemented by hydrogen production and refueling infrastructure, for a public transport demonstration in Ho Chi Minh City. This initiative is part of Vietnam’s broader strategy to replace up to 90% of diesel buses with clean energy alternatives by 2030, aligning with the country’s goal of achieving net-zero emissions. The deal, which is expected to generate approximately $8.8M in revenue for Pure Hydrogen, highlights the company’s growing presence in the international hydrogen vehicle market.

For further insights into AU:PH2 stock, check out TipRanks’ Stock Analysis page.