The Hong Kong and China Gas Company Limited (Towngas) received three awards at the BOCHK Corporate Low-Carbon Environmental Leadership Awards, organised by the Federation of Hong Kong Industries and sponsored by Bank of China (Hong Kong), in recognition of its energy-saving and emission-reduction technologies such as the use of used tyres for the production of green methanol, and heat recovery system.

The awards included the Sustainable Business Award, the Anti-Epidemic Caring Award, as well as the Manufacturing Sector Gold Award, of which Towngas was awarded the Manufacturing Sector Gold Award for the fifth time since 2015.

Emerged from over 800 participating corporations, Towngas has been named the highest-rated company for sustainable development and won the Sustainable Business Award. Towngas is also among the two winners of the Anti-Epidemic Caring Award, recognising its contributions to fighting against the epidemic.

Mr Peter Wong Wai-yee, the Managing Director of Towngas, thanked the Federation of Hong Kong Industries for the recognition, 'As a responsible energy company, Towngas is committed to providing energy-saving and emission-reducing solutions such as renewable energy, combined heat and power supply, and heat recovery. We also extract hydrogen from the supplied town gas in Hong Kong for local transport use. The Group has also been actively developing its smart energy businesses on the Chinese mainland, including the conversion of food waste into natural gas. These new business developments will accelerate our efforts towards carbon neutrality with our customers, supporting our country's 30-60 dual carbon goals and contributing to a low-carbon future.' Mr Wong also hoped the awards would encourage other companies and organisations to improve their environmental performance.

Towngas is committed to achieving carbon neutrality in 2050 through energy transition and innovation, with an aim to become a leading clean and smart energy supplier. The Group has invested in various innovative sustainable projects both in Hong Kong and the Chinese mainland. One of the notable projects is its first sustainable methanol project in Inner Mongolia, which utilises scrap tyres to produce green methanol.

In addition, Towngas has set up a residual heat recovery system at the Tai Po Gas Production Plant, where the residual heat is transferred to a neighbouring food factory for dehumidification as substitute energy for electricity, effectively reducing greenhouse gas emissions. Also, the Towngas Headquarters is a green building that has adopted different energy-saving measures, such as modernising the freight lifts, and optimising the chiller plant. Towngas also utilises big data and artificial intelligence to analyse energy consumption and adopts a smart lighting system to further conserve energy.

Towngas will continue to innovate and proactively invest in various sustainable development and social responsibility projects to help create a green future. For media enquiries, please contact:

Contact:

Mr Addie Lam

Tel: 2963 2578

Email: addie.lam@towngas.com

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