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CNG Refueling Station | Changsha

Changsha-City


CNG Refueling Retail Station | Changsha City, Hunan Province, China


At A Glance

New Business Segment: Changfeng’s first Compressed Natural Gas (“CNG”) refueling retail station in Changsha City commenced operation in April 2010, representing Changfeng’s first fully operational business in Mainland China and introduced a new business segment to the Company.

Market Size: According to the 2012 Census, Changsha City has a population of 7,146, 000 inhabitants.

Operation Overview

CNG is a fossil fuel substitute for gasoline (petrol), diesel, or propane/LPG. It is a more environmentally clean alternative than other fuels, and it is much safer and cost-saving than other fuels in the event of a spill (natural gas is lighter than air, and disperses quickly when released).

In 2006, the Changsha Municipal Government encouraged new taxicab and public buses to undergo a conversion process to become dual-fuel (CNG/gasoline) vehicles. In late 2008, Changfeng entered the CNG refueling retail station market in Changsha City, and was granted a business license which allows the Company to operate CNG refueling stations throughout Changsha City. In April 2010, Changfeng completed construction of its first CNG refueling retail station and commenced gas supply.

In September of 2010, Changfeng entered into a land lease agreement for construction of its second CNG refueling retail station in Changsha City; however, further expansion and development of CNG refueling retail stations in Changsha City beyond the first station, have been delayed, pending a secure gas supply at a price that will provide for a reasonable margin. Other considerations such as pricing, market size/development and capital budgeting are expected to contribute to the evolution of the Company’s CNG Refueling Retail Station initiative in Changsha City.

Since 2011, the Changfeng upgraded its facilities and increased the daily output of the first CNG station to 30,000 cubic metres which doubled its original designed capacity.

cng-station

 


Project Location Map


Changsha City, Hunan

 

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