Zhitong Finance APP News, Datang Environment (01272) announced on December 28, 2023, that the company and its joint venture partners proposed to establish a joint venture (China Datang Group Technology Innovation Co., Ltd.) to sign a joint venture agreement, with a registered capital of 1 billion yuan. Under the joint venture agreement, the company will invest 50 million yuan, accounting for 5% of the joint venture.

The proposed business scope of the joint venture company includes technology research and development, technology transfer, technology consulting, technology services, and related product sales related to new energy and efficient transformation of energy and clean energy; technology training; hydrogen emerging energy technology research and development; carbon reduction and carbon conversion utilization technology research and development; carbon capture, utilization and storage technology research and development; energy storage related technology research and development; engineering technology services for wind, solar, and biomass engineering; artificial intelligence; natural science research and experimental development; engineering technology research and experimental development; energy-saving research and development and technology services; software development; computer system services; internet information services; engineering contracting; engineering project management; contract energy management; intellectual property services; testing services; environmental monitoring; market research; professional contracting; import and export of goods, technology import and export, agency import and export; engineering survey; certification services.

The board of directors believes that the establishment of a joint venture company is a strategic initiative to actively implement China's "dual carbon" strategy and scientific and technological innovation strategy. As a technological innovation platform in the energy field, the joint venture company aims to achieve deep integration of industry, academia, research and application throughout the industry chain by promoting cooperative innovation to solve major problems, integrating and utilizing the innovative resources of each shareholder, undertaking major national science and technology tasks, accelerating the transformation and incubation of high-level scientific and technological innovation results, cultivating strategic emerging industries and future industries, and making contributions to high-quality development.