Beiken exchanged with TouGas for cooperation

On March 12th, Dr. Gregor Brodt, CEO of TouGas Oilfield Solutions GmbH, and Mr. John Butt, President of Conduit Ventures Limited from the UK, along with three others visited Beken Energy for a discussion on potential cooperation. The Chairman and President of the company, Chen Dong; Vice President Li Yuanjun; General Manager of Beijing Branch Wang Xianglei; and General Manager of Chemical Products Division Ni Chaowu warmly received and participated in the entire discussion.

After listening to the detailed introduction of Beiken, Dr. Brott spoke highly of Beiken's achievements in the industry and its forward-looking strategic deployment. He gave a brief introduction to TouGas's chemical products and technologies in enhanced oil recovery, oil displacement, water plugging, fracturing and cementing. He said that the purpose of this trip to China is to find some strong partners to promote the application of the company's relevant high-end chemicals and technologies in the Chinese market and help customers solve key problems.

Dong Chen warmly welcomed the arrival of Dr. Brott and his delegation, and thanked TouGas for its interest and trust in Beiken. He emphasized that Beiken and TouGas are highly complementary in terms of technology and market, and the cooperation between the two parties is expected to achieve resource sharing and mutual benefit and win-win situation. He looked forward to further strengthening technical exchanges and discussions between the two sides to jointly promote the application and development of relevant high-end chemicals and technologies in the Chinese market.

This exchange provided a solid foundation for future cooperation between TouGas and Beiken. Both sides indicated that they will continue to maintain close communication and jointly explore more cooperation opportunities.

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TouGas, founded in March 2013 and headquartered in Frankfurt, Germany, is a research and development technology enterprise providing environmentally friendly chemicals to the oil and gas industry. International investors such as the Kuwait Investment Authority, the United Kingdom's Conduit Ventures Limited, and U.S.-based venture capital firms are also TouGas shareholders. The company's chemical products have been successfully applied to oil field operations in the United States, China, India, Ukraine and Gulf countries.

Founded in 2002 in London, UK, Conduit Ventures Limited has been investing in the transition to low carbon energy and is the first venture capital firm in Europe focused on fuel cell and hydrogen technology. The company works with game-changers in the global energy market, not only providing capital to companies, but also providing strategic advice on business growth and assisting companies with value-added services such as acquisitions and listings.