In Hong Kong, Hong Kong and China Gas Company Ltd (Towngas) and Singapore's Global Energy Trading Pte Ltd (Global Energy) have signed a Memorandum of Understanding (MoU) to jointly advance the supply and distribution of green methanol as a marine fuel for the shipping industry.
Founded in 1862, Towngas is Hong Kong’s first public utility and is currently one of the largest energy suppliers in Hong Kong and the Chinese mainland.
Global Energy is the first company in Singapore to own and operate dedicated bunkering tankers for methanol
This strategic collaboration between Towngas and Global Energy integrates production and logistics capabilities to provide end users with a holistic, end-to-end solution at major and regional ports.
Leverage complementary strengths
United in their vision of green methanol as a sustainable, low-carbon marine fuel poised to lead the industry’s decarbonization journey, the two parties will leverage complementary strengths to develop comprehensive green methanol supply solutions across Asia.
Towngas’s methanol production plant in Ordos, Inner Mongolia, uses proprietary technology to convert biomass and municipal waste into green methanol and is the first enterprise on the Chinese mainland to achieve ISCC EU and ISCC PLUS certifications for green methanol.
The company has outlined expansion plans to establish additional production bases across China, including in Inner Mongolia, the Greater Bay Area, and Hainan, with the goal of achieving an annual production capacity of 1 million tonnes of green fuel and chemical supplies.
This partnership represents a significant milestone in the green transition of maritime fuel supply. By combining Towngas’s strengths in green methanol production with Global Energy’s supply chain management and market operation expertise, we are creating a robust platform to accelerate the shipping industry’s decarbonization journey, said Sham Man-fai, Chief Operating Officer – Green Fuels & Chemicals of Towngas.
Global Energy, the first company in Singapore to own and operate dedicated bunkering tankers for methanol, has already conducted several methanol bunkering operations in the region.
As a leading bunker supplier, Global Energy delivered over 4.7 million tonnes of marine fuels in 2024.
Committed to supporting the decarbonization of the global shipping industry, Global Energy is actively contributing to its sustainability efforts.
This collaboration is synergy in motion; together we are creating a one-stop bunkering solution to ensure green methanol is more accessible to the maritime industry. Beyond supply, we could offer advisory on compliance and in managing the benefits of using green methanol, said Loh Hong-leong, Managing Director of Global Energy.
