Cosco Shipping signs green methanol production MoU with CP Group and Freepoint Commodities

In China, Cosco Shipping, CP Group and Freepoint Commodities have inked a memorandum of understanding (MoU) on the production of green methanol. 

“This partnership aims to capitalize on each party’s strengths, foster greater collaboration, and establish a comprehensive alliance. The successful execution of this MoU signifies a pivotal moment in the strategic cooperation among the three parties, paving the way for advancements in green marine fuel production and utilization,” Cosco said.

Under the terms of the agreement, the three parties commit to intensifying their joint efforts in the area of maritime green energy. By harnessing Southeast Asia’s abundant biomass resources and employing cutting-edge technologies, they plan to construct a green methanol production facility that adheres to stringent EU standards, Cosco said.

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