Towngas and CPN team up for Hong Kong’s green port push

In China, Towngas and CPN signed a Memorandum of Understanding in Hong Kong, committing to distribute ISCC-certified green methanol to support the city’s maritime decarbonization efforts and meet growing demand for alternative marine fuels.

Under the agreement, Towngas will supply methanol produced at its Ordos, Inner Mongolia plant, which converts biomass and municipal waste into fuel, while CPN will oversee its distribution. Production is expected to reach 150,000 tonnes annually by 2025, with plans to gradually increase production to 300,000 tonnes, in alignment with the International Maritime Organization’s 2050 net-zero carbon goals.

“Towngas is committed to expanding its green methanol production capacity,” said Edmund Yeung Lui-ming, Executive Director and CFO of Towngas. Calvin Chung Dik-hong, Director of CPN, said “ As Hong Kong’s largest bunker fuel supplier and trading house, CPN actively pursues long-term development plans for alternative marine fuels with partners, helping to strengthen and enhance Hong Kong’s maritime industry advantages and contribute to establishing Hong Kong as a green port.”

Towngas is the first Chinese mainland enterprise to achieve ISCC EU and ISCC PLUS certifications for green methanol.

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