In Hong Kong, the Hong Kong and China Gas Company Limited (Towngas) signed an agreement with both the Transport and Logistics Bureau (TLB) and Pacific Basin Shipping Limited (Pacific Basin), supporting the Hong Kong Government’s initiative to develop Hong Kong as a green maritime fuel bunkering and trading center.
Under the MoU signed with the Transport and Logistics Bureau, Towngas, as a green maritime fuel producer, will actively supply marine green methanol fuel that complies with current international standards for delivery, bunkering, export, and trading in Hong Kong. The company will use Hong Kong as a trading and settlement hub, supporting the territory’s development of a green maritime fuel trading market.
Simultaneously, Towngas signed an MoU with local shipping company Pacific Basin, establishing a framework for green methanol supply cooperation. Towngas will supply green methanol to Pacific Basin to help its fleet comply with EU and International Maritime Organization carbon emission reduction requirements.
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