Chinachem Group and PolyU join hands to foster industry-academic collaboration for the sustainable future of the Greater Bay Area

Chinachem Group (Chinachem) and The Hong Kong Polytechnic University (PolyU) today signed a Memorandum of Understanding (MoU) to strengthen research collaboration among industry, academia and research organisations to drive innovative solutions for sustainable development of the Greater Bay Area (GBA).

The partnership leverages the combined strengths and experience of PolyU in interdisciplinary research with that of Chinachem in property and community development. The MoU sets out a framework for both parties to conduct three pilot research projects to explore innovative solutions and technology applications to help achieve the goals of carbon neutrality, an inclusive society and a green economy.

Through this industry-academia collaboration, Chinachem and PolyU will develop new technology and systems to reduce carbon emissions and energy consumption in a next-generation data centre, explore new types of intergenerational housing for future Hong Kong community settlements in the GBA, and experiment with the use of blockchain technology in promoting green economy.

Witnessed by Mr Donald CHOI, Executive Director and CEO of Chinachem Group, Mr Hung-han WONG, Executive Director and COO of Chinachem Group, Dr Lawrence LI Kwok-chang, Deputy Council Chairman of PolyU, and Prof. Jin-Guang TENG, President of PolyU, the MoU was signed by Mr Ricky TSANG, Deputy CFO of Chinachem Group, and Prof. Wing-tak WONG, Deputy President and Provost of PolyU.

“As a socially responsible developer, we need to harness the full power of technology not only to speed construction and reduce costs, but also to create what we term ‘Places with Heart’,” Mr Donald Choi said. “Joint efforts across industries are essential to achieving carbon neutrality by 2050. The signing of this Memorandum of Understanding is a very valuable step forward in regard to fostering business collaboration with academia and research organisations in order to pioneer innovative technological solutions. I feel very excited and energised about the possibilities for breaking new boundaries together, creating positive value for People, Prosperity and the Planet,” he added.

Prof. Jin-Guang Teng said, “This industry-academic collaboration will see PolyU and Chinachem working together to create solutions for major sustainability challenges including energy consumption, climate change, an ageing population and the adoption of green behaviour. PolyU will continue to deepen its collaboration with key partners and stakeholders in society to proactively translate research outcomes into real-world solutions to foster more liveable and sustainable communities in Hong Kong, the Nation and the world.”

Under the MoU, Chinachem and PolyU will also continue to explore cooperation opportunities in areas including support to start-ups and entrepreneurship, application and commercialisation of new technologies, environmental, social and governance strategy and measurement, and carbon neutrality.

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