Towngas teams Pacific Basin to develop Hong Kong as a green maritime fuel bunkering and trading center

In Hong Kong, Hong Kong and China Gas Company Limited (Towngas) participated in the Mainland Hong Kong Green Energy Matchmaking Event at the Central Government Offices, organized by the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region. Towngas signed memoranda of understanding (MOUs) with both the Transport and Logistics Bureau (TLB) and Pacific Basin Shipping Limited (Pacific Basin), supporting the HKSAR 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.

The Transport and Logistics Bureau will incorporate Towngas into Hong Kong’s green maritime fuel business cooperation platform, facilitating connections with stakeholders interested in purchasing green maritime fuel, including bunkering operators, liner companies, and other third-party enterprises or institutions, with the aim of developing green maritime fuel-related business in Hong Kong and connecting to international markets.

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.

To support green methanol market deployment, Towngas had earlier signed an MOU with Chimbusco in November last year, establishing a complete green methanol supply chain in Hong Kong.