Towngas, CPN ink MoU on green methanol distribution

CPN will distribute the fuel supplied by Towngas.

The Hong Kong and China Gas Company Limited (Towngas) signed a memorandum of understanding (MoU) with Chimbusco Pan Nation Petro-Chemical Company Limited (CPN) to collaborate on green methanol fuel distribution.

Towngas and CPN will jointly develop domestic and international green methanol marine fuel markets and promote the maritime industry’s green transition.

Towngas will supply CPN with its self-produced green methanol and provide support in handling technical inquiries and providing product certification documents.

Meanwhile, CPN will be responsible for distributing the green methanol fuel to its customers.

Towngas’ methanol production plant in Ordos, Inner Mongolia uses proprietary technology to convert biomass and municipal waste into green methanol.

In 2025, production is expected to reach 150,000 tonnes annually, serving the maritime and chemical industries. 

Towngas plans to gradually increase its annual production capacity to 300,000 tonnes by retrofitting existing facilities.