Arctic Green Energy, Sinopec and the National Energy Authority of Iceland (Orkustofnun) signed a three party Agreement on Thursday 23 September on the establishment of a Sino-Icelandic Geothermal R&D Center. According to the agreement, the parties will cooperate on conducting R&D work and exchange of geothermal experts between Iceland and China, holding international geothermal conferences and work-shops as well as conducting training of geothermal experts and providing geothermal technical services to third parties.
The Sino-Icelandic R&D Center will have a registered address both in Iceland and China. The center will work to further deepen the successfull relationshiop between Arctic Green Energy and Sinopec in the field of geothermal development as well as to strengthen the relationship between Iceland and China in the field of scientific cooperation and environmental conservation.
The agreement was signed in Reykjavik by Haukur Hardarson, Chairman on Arctic Green Energy, Zhang Zhaoping, President of Sinopec Star Petroleum Co., Ltd. and Jonas Ketilsson, Deputy Director of NEA Iceland (Orkustofnun). The signing was furthermore witnessed by the Prime Minister of Iceland, Mr. Sigurdur I. Johannesson, Chairman of Sinopec Group, Mr. Wang Yupu and the Chinese ambassador to Iceland, Mr. Zhang Weidong.