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HK & CHINA GAS, Foran Energy Forge Co-op Deal to Raise RMB10B to Build Green Methanol Production Bases
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HK & CHINA GAS (00003.HK) announced that it signed a Framework Agreement for Cooperation on Green Fuels and Chemical Projects with Foran Energy Group yesterday (25th). Both parties will establish a joint investment platform to promote green economic development. According to the Framework Agreement, the companies initially plan to raise RMB10 billion through various financing channels to establish green methanol production bases across China, including Inner Mongolia, the Greater Bay Area, Hainan, and Fujian, developing an annual production capacity of one million tons of green fuel and chemical supplies. AAStocks Financial News |
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