/ AsG/Guangzhou, July 26, 2022 -- On July 25, the opening ceremony of the headquarters building of China Gas Holding Co., LTD. (hereinafter referred to as "China Gas Group") and its 20th anniversary celebration was held in Shenzhen. Fangfan, deputy secretary of Luohu District Party Committee and district mayor, said that in recent years, the high-quality products and professional services provided by China Fuel Group have been widely used in all aspects of social production and life, injecting strong impetus to the economic and social development of Luohu. The two sides have carried out extensive cooperation in material supply chain, e-commerce, green energy, smart city, urban clean management, old residential renovation and other areas, and promoted the implementation of projects such as gas carbon neutral research institute and double carbon business center. On this basis, the two sides will continue to deepen cooperation in green energy, smart city operation and other businesses.
"China Fuel Group is proud to participate in the high quality development process of Shenzhen and Luohu." Liu Minghui, head of the board and president of China Fuel Group, said, "The growth of China Fuel is closely related to the reform and opening up and the city of Shenzhen. The spirit of Shenzhen, which dares to try and pursue excellence, has been fully verified and demonstrated in the 20 years of exploration and trek of Zhongzhan. In the future, China Fuel will be based in Shenzhen headquarters, seize opportunities in the Bay Area, deeply cultivate the national market, promote international cooperation, practice corporate responsibility, and promote sustainable development of social economy."
Market analysts point out that Shenzhen is currently actively building itself into a natural gas trade hub city with international influence. The inclusive and open concept, strong location advantages and favorable service policies can provide a broad platform for the business expansion and layout of China Fuel Group. Meanwhile, China Fuel Group can also take advantage of the opportunity to optimize the allocation of upstream and downstream resources, tap the growth potential of all business types, and build a team of high-level and elite talents. While improving its own market competitiveness, it also provides new driving force for the construction of a natural gas trade hub city.
Public information shows that, as one of the largest trans-regional comprehensive energy supply and service enterprises in China, China Fuel Group, after 20 years of development, has built a pipeline natural gas business as the leading, liquefied petroleum gas, liquefied natural gas, vehicle and ship gas, heating, new energy, distribution of electric charging stations and gas equipment, kitchen appliances manufacturing, network e-commerce Business development structure. According to the financial data of 2021, the total amount of natural gas sold by China Fuel Group in the current period was 36.7 billion cubic meters, with a year-on-year growth of 17.6%. Total revenue rose 26.1 per cent to HK $88.23 billion, while core profit attributable to company owners recorded HK $8.05 billion.
With the push of the national "dual carbon" goal, the pace of clean and low-carbon energy structure transformation will accelerate. As the industry leader, China Fuel Group is taking "green city operator" as its new positioning, and steadily transforming to a green and low-carbon comprehensive energy service enterprise.
In fact, with forward-looking strategic planning several years ago, China Fuel Group has made business layout closely linked with the dual-carbon goal, promoted its own business transformation to low-carbon and efficient, and formed a number of replicable and popularisable models, creating a low-carbon development benchmark of the industry: since 2016, China Fuel Group has actively responded to the national call for air pollution control, and carried out "gas By the end of March 2022, about 8 million households had been connected to the coal replacement project to help win the "blue sky battle". In terms of helping rural revitalization, China Fuel Group also innovatively seeks gas-electric coupling mode and pioneered intelligent micro-pipe network technology to effectively promote the clean alternative and transformation development of rural energy. Since 2017, China Fuel Group has helped the country reduce carbon dioxide emissions by about 300 million tons, equivalent to planting 16.39 billion trees for the earth every year.
In June this year, China Fuel Group released the "Carbon neutral Action Report", which defined the net zero carbon emission path suitable for its own development, and promised to reduce carbon emission intensity by 50% in 2030 compared with 2021, to achieve carbon peak in 2030, and to achieve carbon neutrality in its own operations in 2050.
In the field of green low-carbon and energy technology innovation, China Fuel Group has made considerable achievements. According to China Fuel Group, one of the key links of its comprehensive energy services is the coupling application of technologies: the source side uses sludge power generation, distributed photovoltaic and other renewable energy technologies to form the source side network; Network side with the concept of virtual power grid, from the power sales field of China Fuel for many years, constantly open the source side and the load side of the physical barrier; From the storage side, the use of energy storage technology is increased, including electrochemical electricity storage, physical electricity storage, salt solution heat storage, ice cold storage, etc., to form a rapid response ability for peak and frequency regulation of the energy supply side. The load side becomes the final direction of the energy ecological chain "source - network - storage - load". Through the coupling application of the above technologies, China Gas can provide users with comprehensive and professional energy use solutions, accurately reduce energy waste and reduce carbon emissions in the operation process. In addition to using technology to build a low-carbon ecological chain, China Gas has also created a circle of friends in the green industry. Public information shows that China Fuel Group has launched business cooperation with industry giants and units such as Sinopec, CNOOC, Longgi, Baidu, China Environment Exchange, Dongfeng Group, Three Gorges Group, integrating superior resources, optimizing the green supply chain system, and achieving the "1+1>N" aggregate effect.In addition, China Fuel Group in the zero carbon energy system, green pilot demonstration zone system, low-carbon industrial park, ecological carbon sinks, carbon footprint carbon capture carbon verification and other aspects of the practice and exploration, through the construction of double control and double carbon digital platform enabling zero carbon intelligent industrial ecosystem, while serving the national "double carbon" goal, let the enterprise toward wisdom and green Change direction.
"China Gas will give full play to its technological and resource advantages to contribute to the national 'carbon neutral' goal and global action on climate change." Liu Minghui, head of the Board of Directors and President of China Gas, said, "We know very well that only by taking concrete actions, leading by example, can we attract more people to participate in the project. In addition to being carbon neutral at the operational level, we will work together upstream and downstream towards a low-carbon, sustainable and more resilient future, and build a low-carbon ecosystem that connects families."
In the future, China Gas will uphold the attitude of openness, cooperation and win-win, give full play to its advantages in energy management, technology and service network, and actively cooperate with the government and all walks of life to jointly build a green and low-carbon ecosystem, help the development of the national dual-carbon cause, and continue to further promote the construction of a community with a shared future for mankind and build a green and Brave New World Make a contribution.
