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Sustainability Report 2011
Business Overview New Energy Businesses
New Energy Businesses
Our new energy businesses continued to gain momentum during the year with
growing revenues and profit as more and more projects commenced operations
and came on stream. With just two projects under its belt a little over 10 years ago,
ECO Environmental Investments Limited (ECO), our environmentally-friendly energy
business arm, is now involved in 20 ventures both in Hong Kong and on the mainland.
ECO’s activities are currently focused on three primary areas – the energy-related
logistics and infrastructure sector which operates liquefied petroleum gas, compressed
natural gas and liquefied natural gas stations to provide cleaner fuel for vehicles both
in Hong Kong and mainland China, as well as the ECO Aviation Fuel Facility (EAFF) to
serve the fuel needs of the Hong Kong International Airport. EAFF completed its first
full year of operation in 2011.
The two landfill gas (LFG) projects in Hong Kong together with a liquefied coalbed
methane (LCBM) facility and a coalmine methane (LCMM) plant, which is under
construction, in mainland China, continue to pioneer the transformation of renewable
and waste resources into useful energy. The commencement of production at our
methanol plant in Inner Mongolia in 2011 also boosted our clean coal energy activities,
becoming the first project in this business sector to come into operation. These
activities are further supported by coal mining facilities and a logistics hub for the
transportation of coal on the mainland, which were opened or acquired during the year.