Promoting Transformative Climate Solutions through Cross-Sector Collaboration

Echoing the pledges of countries at the 28th United Nations Climate Change Conference of Parties (“COP28”) to shift away from fossil fuel energy, the Group has proactively joined hands with other industries to explore alternative sources of energy in a bid to benefit society as a whole and support Hong Kong in its efforts to achieve carbon neutrality.

Advancing green transport through hydrogen energy in Hong Kong
Supporting the policy direction of Hong Kong’s Climate Action Plan 2050 and its involvement in promoting the development of green transport, the Group’s associate company, Towngas, has joined forces with Bravo Transport Services Limited (“Bravo Transport”), the parent company of Citybus, to explore the use of hydrogen as an alternative fuel source for public buses.

In July 2023, Towngas and Bravo Transport signed a Memorandum of Understanding (“MOU”) to facilitate the exploration of hydrogen as a sustainable fuel for public buses. This includes exchanging information on hydrogen-related business and marketing plans, establishing a foundation for future collaboration, and supporting the policy direction of Hong Kong’s Climate Action Plan 2050. Additionally, the two companies will collaborate on a project for a Citybus depot on Hong Kong Island, whereby Towngas will be responsible for the design, supply and installation of a hydrogen extraction facility and Bravo will be responsible for the work of hydrogen refilling station.

Furthermore, in October 2023, the HKSAR Government gave an agreement in principle on Towngas hydrogen fuel technology trial project at a padel court at Sai Kung, which involves extracting hydrogen from the existing town gas network at the site to generate electricity for charging EVs. This process produces only pure water and valuable heat as by-products, contributing to a cleaner and more sustainable energy ecosystem. Moreover, the Combined Heat and Power (“CHP”) system utilises the residual gas produced by hydrogen extraction to generate electricity. This can be used as an additional power source for electric vehicle charging and for hot water usage.

The collaboration between Towngas and Bravo Transport, along with the establishment of Hong Kong’s first commercial hydrogen fuel cell charging facility, demonstrate an active commitment to back Hong Kong’s Climate Action Plan 2050 and advance green transport. The Group actively contributes to carbon emission reduction and the promotion of sustainability in the transportation industry. These collaboration serves as a testament to the Group’s dedication to fostering innovation and partnerships within the industry, and actively supporting the shift towards a more environmentally friendly future.