Press photo. (Towngas)

Towngas fuels Hong Kong development towards green shipping

Green methanol memorandum signed to increase near-zero carbon bunker.

The Hong Kong and China Gas Company Limited (Towngas) signed memoranda of understanding (MOUs) with both the Transport and Logistics Bureau (TLB) and Pacific Basin Shipping Limited (Pacific Basin) on 25 June, supporting Hong Kong as a green maritime fuel bunkering and trading centre.

Towngas will supply marine green methanol, a near-zero carbon fuel, to Hong Kong’s shipping industry.

TLB will also incorporate Towngas into Hong Kong’s green maritime fuel business cooperation platform.

Towngas will also work with local shipping company Pacific Basin to establish a framework for green methanol supply cooperation.

Join Hong Kong Business community

It is not the first MOU signed by Towngas to support green methanol market deployment, as the company built a complete green methanol supply chain in Hong Kong with Chimbusco in November 2024.

Located in Inner Mongolia, Towngas’s green methanol production is expected to increase from 100,000 tonnes to 150,000 tonnes by the end of 2025. 
 

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!