The gas company (00003.HK) announced that yesterday (25th) it signed a "Cooperation Framework Agreement on Green Fuel and Chemical Projects" with foran energy group, and both parties will jointly establish an investment platform to promote the development of the green economy.

According to the "Cooperation Framework Agreement", both parties initially plan to finance 10 billion yuan through different means, to build green methanol production bases in china, including inner mongolia, the Greater Bay Area, hainan, and fujian, developing a supply pool of green fuel and chemicals with an annual production capacity of 1 million tons.

The Chief Operating Officer of the gas company for green fuels and chemicals, Chan Man-fai, stated that this strategic cooperation will leverage advantages in the production, operation, and technical support of green methanol, jointly constructing a green energy supply and industry chain with foran energy group, providing more green fuels and chemical products for the shipping and chemical industries, assisting the industry in accelerating the pace of low-carbon transformation. (js/k)

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