News and Announcements
GasHub Signs MOU with Sinochem
- Published August 15, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
GasHub, focused on gas-piping and energy services has released information in regards to the company to be listed on the Australian Securities Exchange (ASX) in the next few months.
KEY TAKEAWAYS:
- Signed Memorandum of Understanding (MOUs) with Sitra Holdings (International) and AbsoEnergy.
- AbsoEnergy is the Asia-Pacific representative of Chinese state-owned enterprise Shanghai Sinochen JN Energy Co Ltd.
- AbsoEnergy, Managing Director, Kelvin Sim said that representing Sinochem in the Asia-Pacific region meant that all agreements and joint ventures with Sinochem will be signed by AbsoEnergy.
- GasHub’s MOU with Sitra establishes the joint intention of both companies to work towards.
- The MOU has also established the intent for Sitra and GasHub to jointly market the 3GEX CHP.
- Since GasHub’s system works off natural gas, this MOU will allow the company to market their product to more customers in remote locations.
GasHub sais “using a CHP system would result in cost savings of about 25 per cent compared with running regular heating and power systems”.
GasHub CEO Aviers Lim said: “These MOUs demonstrate a greater demand for cleaner energy in the region, as well as growing interest in our patented technology solutions which help businesses save on energy costs with a more sustainable natural gas supply. We are pleased with this good momentum in the lead-up to our upcoming listing on the ASX, and look forward to more of such collaborations in the pipeline.”
Company Updates
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Reinventing the Condom: How an Australian Deep-Tech Startup Plans to Disrupt a $12 Billion Market
For more than half a century, the global condom industry has remained fundamentally unchanged, constrained by standard materials like latex and solid synthetic polymers. Despite widespread consumer demand for better alternatives, product design has treated the device strictly as a mechanical barrier, sacrificing feel for function. Sydney-based Eudaemon Technologies is setting out to upend that […]
Backed By Leading Investment Groups and Family Offices
