China’s energy digitisation firm NewLink, has signed a cooperation memorandum with global energy giant Chevron to jointly explore potential in the Chinese new energy market.
This is according to Shanghai Securities News.
The memorandum comprises the combination of Chevron’s world renowned brands Caltex and Techron with NewLink’s strength in constructing and operating integrated energy terminals.
The two sides agreed to work together on the development of new energy infrastructure, which potentially covers cooperation in fields including brand licensing in fuel business, sales and sourcing of additives and lubricants.
Focusing on China’s “dual carbon’’ goals and energy digitisation trend, the two parties also discussed potential cooperation opportunities in sectors such as fuel and natural gas supply and new energy vehicle charging and battery swap services.
The cooperation between NewLink and Chevron is an effort of integrating the development experience of global energy industry with China’s innovative practice in energy digitisation.
According to Dai Zhen, the founder and CEO of NewLink, the cooperation provides a chance for the company to enhance its capability of serving the entire industrial chain of transportation energy.
Under the “dual carbon’’ goals, thousands of gas stations in China are looking to transform their business into providing integrated energy services.
This includes supplying multiple categories of energy, as well as developing a variety of commercial formats such as convenience stores, and catering, among others.
