Recent Updates — GCDT
Green Circle Decarbonize Technology Limited entered into a non-binding Memorandum of Understanding with SANVO Fine Chemicals Group Limited and Menzies Eurus Aviation Services Limited. The partnership aims to introduce customized energy-saving solutions across airport facilities by combining SANVO’s chemical formulations with Menzies Eurus’s aviation ground-handling operations. This initiative seeks to optimize energy use, lower carbon emissions, and improve HVAC efficiency in airport infrastructure. Green Circle Decarbonize Technology Limited is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.
The company closed a private offering with Target Capital 1, LLC for an aggregate subscription price of US$8,000,000. The transaction involves the issuance of unsecured convertible promissory notes with a principal amount of US$10,000,000 and common warrants to purchase up to 29,122,679 Class A Ordinary Shares (or approximately 4.85 million post-consolidation). Funding occurred in tranches between July and October 2026. The company filed a Form F-1 registration statement for the resale of underlying shares, which was declared effective by the SEC on October 5, 2026. Green Circle Decarbonize Technology Limited operates in the decarbonization technology sector.
Green Circle Decarbonize Technology announced on October 15, 2026, that it has entered into preliminary and non-binding discussions to explore the application of its advanced decarbonization technologies at a luxury resort and villa development in Karuizawa, Japan. The potential initiative involves cooperation with WinS Management regarding renewable energy and infrastructure construction, with an estimated total contract sum exceeding HKD 100 million if successful. The company emphasized that no definitive agreements have been executed and the discussions may not result in actual projects. Green Circle Decarbonize Technology Limited is a provider of advanced energy-saving solutions supported by proprietary phase change thermal energy storage materials.
Green Circle Decarbonize Technology Limited announced that its subsidiary, Boca International Limited, submitted competitive tender proposals for two energy-efficiency projects in Hong Kong. The MOS Centre project involves chiller replacement with a contract value of HKD 7,000,000, while the Nan Fung Centre project covers air-conditioning retrofit and maintenance valued at HKD 60,000,000. These are prospective bids rather than executed contracts. Green Circle Decarbonize Technology Limited operates in the energy services industry, providing customized energy-saving solutions and thermal engineering services.