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April 07, 2021
Li Ka-shing is focusing on hydrogen fuel as a low-carbon energy source.
Reuters
Hong Kong’s wealthiest man , Li Ka-shing, once the majority shareholder of a Canadian oil company, has been steering his investments towards climate change and sustainability.
His particular focus of late has been the development of environmentally friendly hydrogen-electric engines.
Through its private investment arm, Li’s Horizons Ventures led a US$23 million (S$31 million) round of Series B financing in Houston-based Syzygy Plasmonics, a start-up that has developed a hydrogen fuel-cell technology that produces cheap energy with low carbon emissions. Other investors include Norway’s state controlled Equinor Ventures.
AGCO, Nutrien select finalists for Innovation Challenges agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.