The Hong Kong and China Gas Co Ltd - Company Profile
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Business Description
The Hong Kong and China Gas Co Ltd (Towngas) is primarily engaged in the supply of town gas and related services in Hong Kong and Mainland China. The company has diversified its business into renewable energy, telecommunications, and building services engineering. Some of the projects in Mainland China, of the company are smart energy and piped city-gas projects, upstream and midstream developments, water supply and urban waste utilization projects, natural gas filling stations, and new energy exploration and utilization ventures.
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R&D Overview
Towngas is actively engaged in R&D initiatives focused on technological innovation and energy transformation. The company has developed a gas-powered food waste processing system that reduces kitchen waste volume by over 90%. Additionally, the company has produced an Internal Conditioning Robot for Steel Pipe to replace manual labor in tasks such as welding and polishing, enhancing safety and productivity. It has also incorporated phased array ultrasonic technology for non-destructive inspection of polyethylene pipe joints. In customer service, AI and big data analytics are being used to enhance the customer experience, with the AI virtual assistant Tinny managing customer enquiries.
Business Segments
Overview
Includes production, distribution, and marketing of gas, water, and related activities in Hong Kong and mainland China. It also offers smart energy, piped city-gas projects, water supply and wastewater treatment, urban waste resource utilization, natural gas filling stations, and new energy exploration and utilization in Mainland China. Manages water supply and wastewater treatment business through its subsidiary, Hong Kong & China Water Ltd. Offers renewable energy solutions and products through EcoCeres Inc.
Performance
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Overview
It includes business related to appliances, kitchen solutions, cooking centers, restaurant services, insurance services, and concession schemes, among others.
Performance
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Overview
It is involved in renewable energy ventures like solar PV systems, smart energy management, energy storage, distributed energy systems, carbon trading, and related projects. It serves industrial parks and industrial & commercial clients. Operates environmentally-friendly energy businesses across the mainland as well as liquefied petroleum gas (LPG) refilling stations, landfill gas projects, and an aviation fuel storage facility in Hong Kong. Conducts its business through Environmental Investments Ltd (ECO).
Performance
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Overview
Undertakes the property development and investment activities in Hong Kong.
Performance
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Geographical Segments
Performance
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Performance
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