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CNOOC Energy Technology & Services: Strategic Sale of Cryogenic Energy Business and Assets to Affiliate for RMB 371 Million
2025-08-19 /
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Author：小编
CNOOC Energy Technology & Services (CET&S) has announced plans to sell a significant portion of its cryogenic energy business to its affiliated company, Haizhuo Company, for a consideration of RMB 371 million. This transaction includes the transfer of a 70% equity and creditor's rights stake in Zhuhai Air Separation, a 65% equity stake in Ningbo Air Separation, a 50% equity stake in Fujian Air Separation, along with the associated cryogenic energy center assets. Established in 2022 by CET&S, the Cryogenic Energy Center is a pioneering research institution dedicated to advancing clean energy technologies, with a particular focus on cryogenic energy utilization and carbon reduction strategies.
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