The two companies will explore opportunities to build and operate co-branded sites and alternative fuels infrastructure in the country.
NewLink and Chevron have signed a Memorandum of Understanding (MoU) to explore potential brand licensing opportunities for Caltex-NewLink branded service stations and alternative fuels infrastructure in China. Under the agreement, the parties will explore opportunities to combine the strengths of Chevron’s Caltex commercial brand and Techron fuel additive, with NewLink’s construction and operation capabilities for new energy infrastructure.
The two companies have agreed to promote the construction and operation of Caltex-NewLink stations and alternative fuels infrastructure in mainland China, excluding Guangdong and Tianjin. The MoU may include potential brand licensing opportunities in the Caltex fuels retail sector, as well as the sale of Techron fuel additives and a range of finished lubricant products.
“NewLink is a leader in digital energy services in China, with multiple competitive advantages in technology, network and services. We believe that exploring opportunities to combine the complementary strengths of both parties will enable us to provide Chinese customers with a superior fuel and power supply experience. said Stanley Song, president of the Greater China region at Chevron International Fuel & Lubricants.
With China’s transition to peak carbon emissions and carbon neutrality as well as the digital transformation of energy services, the two sides will explore potential opportunities to promote the construction and operation of alternative fuels infrastructure, which may include the provision of fuel, natural gas, electricity, vehicle charging and battery exchange services.
“The collaboration between NewLink and Chevron will combine global energy industry experience with China’s innovative digitized energy services practices, which we believe will enhance NewLink’s ability to serve the entire value chain. transportation value. We hope to start cooperation with Chevron as soon as possible, so that we can support the development of integrated energy services and the high-quality growth of the transportation energy industry,” added Dai Zhen, Founder and CEO of NewLink. .
Petrol stations in China are transforming to expand their retail offerings, with the addition of commercial facilities such as convenience stores, catering and automotive after-sales services. NewLink will focus on modernizing its energy retail stations, strengthening its brand image, increasing the supply of alternative fuels, improving its digital operation and diversifying business models.