Chinese duo targets methanol supply chain
China Marine Bunker (PetroChina) and PowerChina Beijing Engineering Group (Beijing Institute) plan to develop a methanol supply network across China.
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China Marine Bunker (PetroChina), also known as Chimbusco, is partly owned by Chinese oil and gas company PetroChina. The parent company is involved in bio-methanol production through its subsidiary, PetroChina Daqing Refining & Petrochemical, which uses biogas derived from fermentation as feedstock.
The planned supply chain will focus on building production, transport, storage and bunkering infrastructure for green methanol, possibly including bio-methanol in its initial phase.
Beijing Institute will oversee the survey and design phases of the project. Chimbusco will handle execution, including fuel production and downstream supply for bunkering.
The partnership aims to accelerate large-scale adoption of green methanol to meet the shipping sector’s growing demand for low-emission bunker fuel, Ding Lihai, deputy general manager at Chimbusco said.
The duo has not yet confirmed a project timeline or disclosed which ports it plans to target initially.
By Konica Bhatt
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