Tripartite partnership in Hong Kong targets hydrogen and green methanol
The Hong Kong and China Gas Company Limited (Towngas), Sinopec (Hong Kong) and Sinopec Star Company have signed a memorandum of understanding (MoU) to establish a strategic partnership to collaborate on clean energy solutions, including hydrogen and green fuels, among other things.
The tripartite partnership will cover hydrogen business development, hydrogen refuelling station construction, liquid hydrogen storage and transport technology, hydrogen charging stations, green methanol shipping applications, and sustainable aviation fuel (SAF) development.
The companies plan to also explore the establishment of a joint venture (JV) aimed at pooling resources, accelerating hydrogen project delivery, improving Hong Kong’s hydrogen infrastructure, and building a competitive industrial ecosystem.
“This cooperation represents a partnership among three parties with complementary strengths and aligned objectives. We will leverage our respective advantages in resources, technology and markets to expedite key projects, including hydrogen refueling stations, hydrogen vehicle promotion, green methanol shipping applications and SAF supply,” said Wu Qinggao, Director and General Manager of Sinopec (Hong Kong) Limited.
“This will accelerate the commercialization of hydrogen and low-carbon fuels, providing reliable support for Hong Kong’s green transport, maritime
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