Trans Global Group Inc. Reaffirms Merger and Acquisition Relationship with China Hanjiang New Energy Holdings

Rhea-AI Summary

Trans Global Group reaffirmed its strategic cooperation and partial equity merger with China Hanjiang New Energy Holdings on May 27, 2024. China Hanjiang New Energy, through its subsidiary Shaanxi Ankang Hanjiang New Energy Technology, is the sole producer of methanol fuel in southern Shaanxi Province. The company has established the first methanol fuel secondary station in China, adhering to 'Two Standards.' The station boasts an annual production capacity of 100,000 tons with an automated blending facility of 200 cubic meters. Hanjiang Energy primarily produces six methanol fuel products, including high-clean car methanol fuel, oxygen-containing clean car methanol fuel, and clean marine methanol fuel. Methanol fuel is projected to play a key role in the new energy sector, positioning Hanjiang Energy for market expansion.

Positive

• Reaffirmation of strategic cooperation and partial equity merger with China Hanjiang New Energy Holdings.
• Hanjiang New Energy is the only qualified methanol fuel producer in southern Shaanxi Province.
• First methanol fuel secondary station in China adhering to 'Two Standards.'
• Automated methanol fuel blending facility with a capacity of 200 cubic meters.
• Annual production capacity of 100,000 tons.
• Six main methanol fuel products with independent intellectual property rights.

Negative

• No specific financial details or projections provided.
• Potential risks associated with dependence on methanol fuel market growth.

Shenzhen, China, May 27, 2024 (GLOBE NEWSWIRE) -- Trans Global Group Inc. reaffirmed its global strategic cooperation and partial equity merger and acquisition relationship with China Hanjiang New Energy Holdings Co., Ltd.

China Hanjiang New Energy Holdings Co., Ltd., through its wholly-owned subsidiary in China, Shaanxi Ankang Hanjiang New Energy Technology Co., Ltd., is the only company in the southern region of Shaanxi Province that has obtained qualifications for the production, research and development, and sales of methanol fuel. The company's methanol fuel filling station is the first methanol fuel secondary station in the country to be constructed and managed in accordance with "Two Standards." The station is equipped with an automated methanol fuel blending facility with a capacity of 200 cubic meters and an annual production capacity of 100,000 tons. Currently, the company mainly operates methanol fuel products with independent intellectual property rights, including: high-clean car methanol fuel (suitable for gasoline engine vehicles); oxygen-containing clean car methanol fuel (suitable for diesel engine vehicles); M100 car methanol fuel; high-clean civil methanol fuel (for stoves); high calorific value boiler methanol fuel, and clean marine methanol fuel, totaling six main products.

Methanol fuel will be an indispensable part of the new energy industry, and there is an expectation for Hanjiang Energy to have a broader market.

For more information, please contact:

Mr.Ren

Email: 273531696@qq.com.

FAQ

What is the significance of Trans Global Group's reaffirmation with Hanjiang New Energy?

Trans Global Group reaffirmed its global strategic cooperation and partial equity merger with China Hanjiang New Energy Holdings, strengthening their partnership in the methanol fuel market.

What are the main products of Hanjiang New Energy?

Hanjiang New Energy primarily produces six methanol fuel products, including high-clean car methanol fuel, oxygen-containing clean car methanol fuel, and clean marine methanol fuel.

What is the production capacity of Hanjiang New Energy's methanol fuel station?

Hanjiang New Energy's methanol fuel station has an annual production capacity of 100,000 tons and a blending facility capacity of 200 cubic meters.

Why is Hanjiang New Energy significant in the methanol fuel industry?

Hanjiang New Energy is the only company in southern Shaanxi Province qualified for methanol fuel production, research, and development, positioning it uniquely in the regional market.