China's CLP Group and CNOOC are set to join forces to launch an LNG bunker supply operation in Hong Kong.
The two companies have agreed to set up a joint venture for the supply of LNG as a bunker fuel in Hong Kong, CLP said in a statement on its website.
The development is aimed at developing a market for the alternative fuel in Hong Kong.
"The two agreements will bring together the industry-leading expertise and experience of CLP and our partners to enable the transportation sector's low-carbon development in the GBA, aligning with the Action Plan on Green Maritime Fuel Bunkering recently issued by the Hong Kong Government, which promotes the city's growth as a high-quality green maritime fuel bunkering centre to steer the shipping industry's smart and green transformation," T.K. Chiang, CEO of CLP Holdings, said in the statement.
