Ge Long Hui·2026-02-05 09:33Core Viewpoint - Hong Kong's energy transition takes a significant step forward as Hong Kong and China Gas Company Limited, Sinopec (Hong Kong) Limited, and Sinopec Star Petroleum Limited sign a memorandum of cooperation to establish a strategic partnership focusing on clean energy such as hydrogen, green methanol, and sustainable aviation fuel (SAF) to support the national "dual carbon" strategy and Hong Kong's energy transformation [1][4]. Group 1: Strategic Cooperation - The cooperation will cover key areas including hydrogen business promotion, hydrogen station construction, liquid hydrogen storage and transportation technology, hydrogen refueling stations, green methanol shipping applications, and sustainable aviation fuel development [2][4]. - The three parties will explore the establishment of a joint venture to integrate resource advantages, accelerate hydrogen projects, and improve Hong Kong's hydrogen infrastructure, aiming to build a competitive industrial ecosystem [2][4]. Group 2: Local Hydrogen Supply and Production - Hong Kong has a sufficient local hydrogen supply, with Hong Kong and China Gas Company being the main supplier, producing over 12,000 tons of hydrogen annually, with half of its gas production consisting of hydrogen [2][5]. - The company has successfully implemented hydrogen technology in various demonstration projects, including the first integrated hydrogen power generator in Hong Kong and the first public hydrogen refueling system for electric vehicles [2][4]. Group 3: Company Profiles - Hong Kong and China Gas Company, established in 1862, is one of the largest energy suppliers in Hong Kong, actively developing clean energy solutions including hydrogen and green methanol to achieve carbon neutrality by 2050 [5]. - Sinopec Hong Kong, founded in 1989, is a leading oil and gas supplier in Hong Kong with a comprehensive retail network and has built the first public hydrogen station in Hong Kong [6]. - Sinopec Star Petroleum, a subsidiary of Sinopec, focuses on new energy and has established the world's largest green hydrogen project, contributing to the development of a hydrogen industry ecosystem [7].