Towngas, Sinopec Advance Green Methanol for Shipping | Mariner News
Leading energy companies Towngas and Sinopec have forged a significant partnership to advance green methanol supply for shipping in Hong Kong. This collaboration is a crucial step towards expanding low-carbon fuel options for the maritime industry, underscoring their commitment to sustainable shipping and a cleaner energy future for the region.
Accelerating Sustainable Marine Fuel Development
The Memorandum of Understanding (MoU) outlines broad cooperation across key areas, including hydrogen infrastructure, marine methanol applications, and sustainable aviation fuel (SAF). Signed with Sinopec (Hong Kong) Limited and Sinopec Star Company Limited, this alliance leverages extensive expertise to effectively propel decarbonization efforts.
Enhancing Hong Kong’s Clean Energy Infrastructure
Both companies will collaborate on hydrogen business development, bunkering infrastructure, and advanced storage and transport technologies. They plan to explore a joint venture, aiming to accelerate project delivery and reinforce Hong Kong’s position as a clean energy solutions hub. This strategic alliance boosts alternative marine fuel availability.
With the global methanol-fuelled fleet rapidly expanding, and hundreds of new vessels on order, such partnerships are vital. Towngas and Sinopec’s combined efforts support the transition to lower-emission shipping, contributing significantly to a greener, more sustainable maritime sector in Asia.
