January 8, 2025 -- The Hong Kong and China Gas Company Limited (Towngas) and Chi Shing New Energy Technology Company Limited, a subsidiary of Chi Shing (Hong Kong) Group, have signed a memorandum of understanding for technical cooperation in developing low-carbon and renewable energy utilisation, including hydrogen power generation business, to promote green construction sites and green buildings in Hong Kong.
Through this partnership, both parties will provide integrated new energy power generation solutions, including hydrogen energy, for construction sites and other applications in Hong Kong through scientific research and innovation, marketing promotion, and funding support.
Mr Don Cheng Hill-kwong, Chief Operating Officer – Hong Kong Business and Head of Sustainable Green Energy Hub of Towngas, hopes this collaboration will strengthen Hong Kong’s green energy industry chain. “With over 160 years of gas operation experience, Towngas possesses mature hydrogen extraction and storage technology, enabling us to provide safe and efficient hydrogen supply solutions. Chi Shing (Hong Kong) Group is a leading construction equipment supplier in Hong Kong and the Chinese mainland. This collaboration will facilitate the development of hydrogen energy applications in construction equipment, combining our strengths to launch hydrogen power generation business.”
Both parties aim to develop technical cooperation in low-carbon and renewable energy utilisation, actively responding to the HKSAR Government’s carbon reduction policies, promoting green energy applications and construction industry development, whilst injecting new momentum into Hong Kong’s new quality productive forces.
At a glance
- Company
- The Hong Kong and China Gas Company Limited (Towngas)
- Announcement
- Partnership
- Location
- Hong Kong
Key figures
- Towngas gas operation experience
- over 160 years
People
- Don Cheng Hill-kwongChief Operating Officer – Hong Kong Business and Head of Sustainable Green Energy Hub of Towngas
- Kenny KokPresident of Chi Shing (Hong Kong) Group
- Charles Tsoi Chau-chiGeneral Manager – Commercial & Industrial Services & Business Development and Executive of GBA Business Project Development Office of Towngas
- Jason KokGeneral Manager of Chi Shing (Hong Kong) Group
Products and programs
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Press photos:
Photo 1:
Witnessed by Mr Don Cheng Hill-kwong, Chief Operating Officer – Hong Kong Business and Head of Sustainable Green Energy Hub of Towngas (left, back row) and Mr Kenny Kok, President of Chi Shing (Hong Kong) Group (right, back row), Mr Charles Tsoi Chau-chi, General Manager – Commercial & Industrial Services & Business Development and Executive of GBA Business Project Development Office of Towngas (left, front row) and Mr Jason Kok, General Manager of Chi Shing (Hong Kong) Group (right, front row), sign the strategic cooperation agreement on behalf of both parties to jointly promote green energy industry development and inject new momentum into Hong Kong’s new quality productive forces.
For media enquiries, please contact:
The Hong Kong and China Gas Company Limited
Ms Kara Kwong
Assistant Corporate Affairs Manager
Tel: 2963 3497 / 6698 3357
Email: [email protected]
Mr Julius Chow
Senior Corporate Affairs Officer
Tel: 2963 3471 / 6969 1360
Email: [email protected]
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Questions around this news
What did Towngas and Chi Shing agree to do?
The companies signed a memorandum of understanding covering technical cooperation on low-carbon and renewable energy use, including hydrogen power generation. Their stated aim is to develop integrated new-energy power-generation solutions for construction sites and other applications in Hong Kong, using research and innovation, marketing promotion, and funding support.
How can hydrogen be used for power generation?
Hydrogen can be used in equipment that converts its chemical energy into electricity. One method uses a fuel cell, which produces electricity through an electrochemical reaction; another burns hydrogen to create heat that drives a generator. The specific technology and equipment for the proposed business were not outlined in the announcement.
What is a memorandum of understanding?
A memorandum of understanding is a document that records the shared intentions or proposed scope of cooperation between parties. It can set out areas of collaboration without necessarily constituting a final commercial contract. Its legal effect depends on the wording and circumstances, so the label alone does not determine whether its provisions are binding.
Earlier from The Hong Kong and China Gas Company Limited (Towngas)
- National Association of Vocational Education of China visits Towngas for in-depth discussion on vocational training
- NEA delegation visits Towngas to exchange views on deepening energy cooperation
- Towngas secures spot in Dow Jones Sustainability Asia/Pacific Index for third consecutive year, demonstrating strong ESG integration in business operations
- Towngas wins the “HKV-Award - Outstanding Corporate Award” for two consecutive years, diverse volunteer projects fill the gap in social care
- Towngas takes proactive steps to combat climate change and receives dual recognition at HKIoD’s inaugural Climate Governance Awards
