Think GeoEnergy
Summary
Arctic Green Energy and Sinopec have announced that their joint venture, Sinopec Green Energy (SGE), is going global. The cooperation agreement was signed by Sigurdur Atli Jonsson, CEO of Arctic Green Energy, and Liu Shiliang, President of Sinopec Star, on behalf of the. Sinopec Green Energy shareholders during the World Geothermal Congress 2023 in Beijing, China.
The cooperation between Arctic Green Energy and Sinopec started in 2006 with a focus on the development of geothermal district heating in China. With the partnership’s success in China, the two parties have agreed to expand the scope of the business to include geothermal power generation, cooling, and carbon capture, storage, and utilization. The partnership now also aims to target regions in Asia outside of China for its first step in international expansion.
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