Shanghai Turbo Enterprises (SGX:AWM) signed a strategic cooperation agreement with Shanghai Zhenshi Energy Technology to leverage respective strengths to promote development in new energy, new materials and clean energy.
According to a filing with the Singapore Exchange on Wednesday, the two companies are going to work on a biomass gas project in Anhui Province, China and will also construct a blast furnace gas-fired molten salt energy storage system in Zheijang province.
The two companies will jointly construct an externally heated carbonization converter in Hunan district in China under the agreement.
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