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Towngas, Sinopec (Hong Kong) Limited, and Sinopec Star have established a strategic partnership through a signed memorandum of understanding to advance hydrogen and green fuel initiatives in Hong Kong. The collaboration will focus on hydrogen business development, constructing refuelling stations, liquid hydrogen storage, and green methanol shipping applications.

Towngas currently has an annual hydrogen production capacity exceeding 12,000 tonnes and aims to enhance local green hydrogen supply. The companies plan to explore a joint venture to consolidate resources for accelerating project delivery, supporting Hong Kong's energy transition and the national dual carbon strategy.