China, Beijing
Sinoenergy Corporation has announced the opening of three new retail CNG filling stations, which started selling CNG as of January 1, 2009. All three are in a new location in the Zhu Ye Shan district of Wuhan, Hubei Province. Each of the stations has four filling outlets, and is open 24 hours a day, seven days a week. By January 3, the capacity of the three stations totaled 15000 to 17000 cubic meters per day (529,721cu.ft and 600,350cu.ft), reaching more than 50% the targeted run rate within 3 days after operation.
The Company has now opened and is operating a total of nineteen retail CNG filling stations (in 11 locations) in Central and Eastern China, fourteen of which are located in Wuhan. Wuhan is the capital of Hubei Province and the largest city in Central China, with a population of over 9 million. Wuhan is home to approximately 20,000 taxies and 6000 buses and would support at least 80 CNG filling stations to meet the fueling demand under current market conditions. At present, the number of CNG stations in Wuhan, including those of Sinoenergy, totals less than 30.
Mr. Bo Huang, CEO of Sinoenergy Corporation, said, ‘Demand for CNG continues unabated in China. Clearly CNG is viewed as an attractive alternative fuel that is both cost effective and environmentally friendly. Furthermore, both central and local governments in China are actively promoting the switch to clean CNG energy. The building of CNG filling stations is therefore, now given elevated priority.’ (Press Release)
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