[ET Net News Agency, 16 July 2021] China Tian Lun Gas Holdings Limited (01600) said it
has entered into a strategic cooperation agreement with Zhuhai Port Co., Ltd. (Zhuhai
Port).
In order to grasp the strategic opportunities arising from the "double-carbon" target,
both parties will, on the foundation of the company's original natural gas industries,
combine Zhuhai Port's layout in the field of new energy with the company's customer
resource advantages across the country, jointly investigate the application scenarios and
industrial cooperation opportunities of various types of new energy, and focus on
exploring cooperating opportunities in areas such as photovoltaics, wind power, energy
storage, hydrogen energy and carbon emission reduction.
Being the fastest growing segment in Zhuhai Port's three major business segments, the
key strategic directions of new energy industry are domains such as the development and
operation of affordable photovoltaic power station, energy storage ancillary industries,
and the utilization and development of hydrogen energy. The company relies on the customer
resources that have been accumulated in its urban gas business, and both parties will make
full use of their respective resources. While deepening the depth of cooperation and
communication among their respective quality business segments, both parties will actively
explore the green hydrogen production in photovoltaic and wind power stations as well as
its application scenario when combining with natural gas.
Both parties will combine the company's advantage as a pioneer of rural gasification,
continue proceeding with rural revitalization, and explore the combined application of
rooftop distributed photovoltaic development with natural gas. And by integrating with
Zhuhai Port's technological advantages in clean energy fields such as wind power,
photovoltaic, and natural gas power generation, both parties will jointly carry out
in-depth research in the areas such as rural distributed photovoltaic, distributed heat
supply, and clean energy comprehensive application plans, so as to assist villages in
building a multi-energy synergy and complementary efficient energy system, accelerating
rural clean energy replacement, and thus improving the life quality of residents.
The strategic cooperation agreement shall be effective for a term of 5 years. (RC)