Fuel products provider Union Gas Holdings 1F2 has announced a memorandum of understanding (MOU) with Deltrix Limited to accelerate and strengthen the development of electric vehicle (EV) charging infrastructure across Singapore, Japan and the Southeast Asia region.
The MOU expresses the intention of Union Gas and Deltrix to co-operate on areas including EV charging infrastructure and systems development in the target markets.
Deltrix is a subsidiary of Hong Kong-listed Trio Industrial Electronics Group and a leading manufacturer and provider of integrated EV charging integration solutions and ecosystems in Hong Kong.
The partnership will enhance knowledge sharing and enable both companies to tap on each other’s capabilities, resources and networks to capture the market for EV charging solutions, says the company in a press release.
Deltrix will bring to the table its expertise in developing such infrastructure while Union Gas will contribute its extensive customer base and network that have been established through more than 40 years of supplying energy products.
Trio chairman Cecil Wong expects the MOU to be a critical step for both companies to penetrate the EV charging market in Singapore, Japan and other Southeast Asian markets. “Deltrix will strive to provide its partners with more advanced and more competitive integrated EV charging solutions, establishing quality charging facility systems, improving energy resource structure, and making outstanding contributions to global energy transformation,” says Wong.
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Under the MOU agreement, both parties will also explore the possibility of setting up a joint venture and other commercial arrangements to undertake these plans.
Teo Hark Piang, CEO of Union Gas, says: “Deltrix’s strength in EV charging solutions greatly complements our capabilities as a leading energy provider. The collaboration supports our ambitions to cater to the evolving energy requirements of the future as well as Singapore’s aspirations for cleaner energy options. We look forward to achieving breakthroughs in energy transformation with Deltrix.”
Union Gas says the partnership could also enable plans to convert its existing Cnergy fuel station at 50 Old Toh Tuck Road into an adaptable multi-fuel and energy facility. Cnergy currently offers compressed natural gas and diesel primarily to natural gas vehicles and industrial customers for commercial use.
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Meanwhile, the company is exploring battery storage systems and electric vehicles charging stations, as well as a natural gas-based self-power facility supported by existing transmission pipelines.
Shares in Union Gas closed unchanged at 35 cents on Dec 28.
