06 Jun SGE Signs Four Cooperation Agreements in Xi’an
2017 Silk Road International Exposition (SRIE) and the 21st Investment and Trade Forum for Cooperation between East and West China (ITFCEW) was held in Xi’an, Shaanxi Province on June 3-6 with the theme “New Platform, New Opportunities and New Development”.
On that occasion, Sinopec Green Energy Geothermal Development Co. Ltd. (SGE) signed four agreements on geothermal cooperation for new areas in Shaanxi province. SGE will be the heating provider for Lintong District in Xi’an, Hancheng City of Weinan, Fufeng County of Baoji and Weinan Economic Development Zone.
SGE is a Joint Venture between Arctic Green Energy and Sinopec. SGE currently provides geothermal heating for over 1,000,000 people in China. The new agreements further strengthen SGE’s position as the market leader in China, not least in Shaanxi province where SGE is already supplying heat to around 200,000 people.
Replacing coal heating with geothermal district heating is one of the most effective ways of eliminating air pollution and emission of greenhouse gases. It has high and immediate positive impact on people’s quality of life, while price competitive to coal heating at the same time.