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Overview
The Hong Kong and China Gas Company (now known as Towngas) is a leading utility company in Hong Kong. It was founded in 1862 as The Hong Kong and China Gas Company Limited, and is now listed on the Hong Kong Stock Exchange. Its main business is the production, distribution, and sale of gas in Hong Kong, mainland China, and Macau. The company also invests in energy-related businesses such as power plants, liquefied natural gas (LNG) terminals, and renewable energy projects. Towngas has a diverse portfolio of services including supplying piped gas for cooking, water heating, and electricity generation. It also provides engineering, construction, and maintenance services for gas distribution systems and energy-related projects. The company has a strong commitment to sustainability and has implemented various initiatives to promote green energy and reduce its carbon footprint. In addition to its core business of providing gas services, Towngas has expanded into other areas such as telecommunications and property development. The company also has a significant presence in the energy industry in mainland China, with operations in 23 provinces and regions. Towngas has received numerous awards and accolades for its business performance, innovation, and sustainability efforts. It has also been recognized for its commitment to corporate social responsibility, including its efforts in promoting clean energy and supporting local communities. As of 2021, the company's major shareholders include Henderson Land Development Company Limited and The Wharf (Holdings) Limited. Towngas continues to grow and expand its business, while also maintaining its position as a leader in the energy industry in Hong Kong and China.
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