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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.
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