Towngas and CIMC ENRIC sign strategic partnership agreement to jointly develop green methanol and hydrogen energy

The Hong Kong and China Gas Company Limited (Towngas) and CIMC ENRIC Holdings Limited (CIMC ENRIC) have signed a strategic partnership agreement to jointly develop green methanol and hydrogen energy, advancing Hong Kong’s green energy transition.
 

The partnership will strengthen collaboration in technical cooperation and engineering services for green methanol, as well as industry standards and carbon trading compliance. As the first Chinese company to achieve both ISCC EU and ISCC PLUS international certifications for large-scale green methanol production, Towngas will leverage its comprehensive green methanol supply chain network, combined with CIMC Enric's presence in the clean energy and maritime sectors, to explore new technological applications and promote green methanol adoption. The collaboration will also harness Hong Kong's position as an international hub to drive the green energy transition forward.


Additionally, Towngas and CIMC ENRIC have signed a separate agreement to develop hydrogen energy projects and applications in Hong Kong. The partnership encompasses comprehensive cooperation across hydrogen extraction, purification, storage and utilisation. Approximately half of Towngas’s gas supply in Hong Kong comprises hydrogen, delivered through an extensive underground pipeline network spanning over 3,700 kilometres across the territory. Through this collaboration with CIMC ENRIC, both companies will develop advanced hydrogen extraction and storage technologies whilst expanding hydrogen applications in transport, electric vehicle charging infrastructure and other sectors.

Towngas remains committed to investing in clean energy development, leveraging its strengths and strategic partnerships to support the country’s “30-60” dual carbon goals and the HKSAR Government’s 2050 carbon neutrality strategy.

source: Towngas

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