Towngas and Shenergy sign agreement to promote Shanghai, Hong Kong green methanol and hydrogen

In China, The Hong Kong and China Gas Company Limited (Towngas) and Shenergy Group signed a strategic cooperation framework agreement to jointly promote the development of green energy businesses in Shanghai, Hong Kong, and both domestic and international markets. 

This includes enhancing the production capacity of green methanol and exploring markets for green energy, such as green methanol and hydrogen energy.

The two firms will explore the establishment of a green energy investment platform to jointly expand green energy markets such as methanol and hydrogen by integrating the resources and advantages of both parties.

Peter Wong Wai-yee, Towngas Managing Director, said: “The partnership between Towngas and Shenergy Group in low-carbon energy creates synergy between us. Not only does it meet the increasing demand for green energy in recent years, but it also contributes to the country’s efforts in achieving its dual carbon goals.”

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