Established in 2006, Sinopec Green Energy Geothermal Development Co. Ltd, is a Sino-Icelandic joint venture between Sinopec Star Petroleum Co., Ltd. and Arctic Green Energy Corp.
SGEG is representative of the decades-long cooperation that has been taking place between Chinese and Icelandic experts in the field of geothermal development and utilization. The company combines in-depth knowledge of geothermal resource in China and yearlong Icelandic experience of constructing and operating geothermal district heating in a sustainable way.
SGEG thrives to advance PRC´s official goals of carbon reduction through its focus on building and developing state of the art geothermal heating systems in Greater China, and in 2012 became the world´s first geothermal heating enterprise to successfully deliver certified carbon emissions reduction in the United Nations Clean Development Mechanism. The company is committed to providing complete urban-planning energy solutions – including exploration, production and distribution to the end user – through its application of geothermal as well as other technological solutions for China’s rapidly urbanizing population.