http://biz.yahoo.com/rc/030711/autos_hongkong_hydrogen_1.html
I was perusing headlines for HHO.TO (on yahoo, hho at tse.com, srnyf nasdaq
pinksheet equivalent?... these equivalents are a pain for Toronto and foreign
stocks, but it's all-you-get if you want to buy, usually....) in which 12.5% is
apparently controlled by a rich Asian Businessman. HHO.TO has some established
expertise in making and storing hydrogen.
This story calls Li Ka-shing "Asia's richest businessman". That's pretty rich,
although I don't know the veracity. It is two or three years ago that I noticed
this stake he took in hho.to, and, for better or worse, he seems determined to
push ahead with his view of Hydrogen having a big future.
I called HHO.TO a year or two ago and just chatted with them for awhile. They
seemed convinced that they had high efficiency and well-put-together technology,
and they seemed to want to say that they'd been doing the Hydrogen thing longer
than the Johnny-come-latelies. I think they said they were a private (family?)
business for many decades, but that they were only now bringing their expertise
out as a publicly traded company (why the change in business structure, I'm not
sure). I haven't looked further into refining my impressions of them. At the
time I don't think they were part of ch2bc.org, but now I think they are. At
the time, I do think I suggested this to them. CH2BC.org does seem to be sort
of a big deal in the Hydrogen movement.
MM
Reuters
CORRECTED - CORRECTED-Cheung Kong to launch hydrogen-powered bus
Friday July 11, 7:15 am ET
A corrected story follows:
HONG KONG, July 11 (Reuters) - Cheung Kong Infrastructure Holdings Ltd
(HKSE:1038.HK - News), controlled by Asia's richest businessman Li Ka-shing,
will launch an experimental hydrogen-powered bus in Hong Kong by the end of the
year, the company said on Friday.
Hoping to capitalise on the power-hungry Chinese market, Cheung Kong (CKI) will
spend HK$15 million (US$1.9 million) on the one-year experiment and said Hong
Kong could become the base for much wider use of hydrogen as a primary energy
source.
"Hydrogen is the second industrial revolution," said Barrie Cook, executive
director of Cheung Kong Infrastructure and a member of Hong Kong's
sustainability committee.
The 41-seat Ford bus will store hydrogen in a rooftop tank.
CKI will conduct the experiment with Toronto based Stuart Energy Systems
(Toronto:HHO.TO - News), in which it owns a 12.5 percent stake.
But while analysts say hydrogen has some future potential, it remains very much
a niche source of power.
"Everyone talks about the hydrogen future but it's at least a decade away," said
Mark Hutchinson, an energy consultant with Cambridge Associates in Thailand.
Cost, he said, is the major factor limiting widespread use of alternative
energy. Japanese carmakers Honda Motor Co (Tokyo:7267.T - News) and Toyota Motor
Corp (Tokyo:7203.T - News), for example, have developed hydrogen powered cars,
but they cost at least $1 million each.
Cheung Kong's Cook, however, says the experiment could lead to the commercial
launch of hydrogen projects in Hong Kong by the end of 2004. He expects that
costs will drop dramatically.
Shares in Cheung Kong Infrastructure closed 1.88 percent lower on Friday at
HK$15.65. The stock has rallied 23.5 percent in the past year.
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Free shipping on all inkjet cartridge & refill kit orders to US & Canada.
We have your brand: HP, Epson, Lexmark, Canon & more.
http://www.c1tracking.com/l.asp?cid=5510
http://us.click.yahoo.com/kP..SB/49VGAA/ySSFAA/FGYolB/TM
---------------------------------------------------------------------~->
Biofuel at Journey to Forever:
http://journeytoforever.org/biofuel.html
Biofuels list archives:
http://archive.nnytech.net/
Please do NOT send Unsubscribe messages to the list address.
To unsubscribe, send an email to:
[EMAIL PROTECTED]
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
