In China, The Hong Kong and China Gas Company Limited (Towngas) and Singaporean company Global Energy have signed a memorandum of understanding (MOU) to jointly advance the supply and distribution of green methanol as a marine fuel for the shipping industry.
This strategic collaboration between Towngas and Global Energy integrates production and logistics capabilities to provide end users with a holistic, end-to-end solution at major and regional ports, Towgas said.
Sham Man-fai, Chief Operating Officer – Green Fuels & Chemicals of Towngas, said,: “This partnership represents a significant milestone in the green transition of maritime fuel supply. By combining Towngas’s strengths in green methanol production with Global Energy’s supply chain management and market operation expertise, we are creating a robust platform to accelerate the shipping industry’s decarbonization journey.”
Towngas said its methanol production plant in Ordos, Inner Mongolia, employs proprietary technology to convert biomass and municipal waste into green methanol.
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Tags: China, Global Energy, methanol, Towngas
Category: Fuels
