Trio to build green methanol supply chain in Shanghai

VENEX Company, French utilities firm Veolia, and port operator SIPG Energy (Shanghai) have entered into an agreement to jointly develop a green methanol supply and bunkering network in Shanghai, China.

IMAGE: Yangshan harbour of Shanghai, China. Getty Images

Under this partnership, the three companies will establish an integrated supply and distribution system for green methanol, creating an end-to-end fuel network that covers everything from production to bunkering.

The collaboration will combine VENEX’s green methanol production capabilities, Veolia’s expertise in local decarbonisation technologies, and SIPG Group’s extensive port infrastructure to build the new network.

While the companies have not yet disclosed further details, including the project’s implementation timeline, the initiative aligns with China’s broader decarbonisation goals.

“Promoting the application of clean fuels such as green methanol is a key pathway to achieving the ‘dual carbon’ goals in the port and shipping industry,” Gu Jinshan, president of the China Ports and Harbours Association, noted.

VENEX Company is a joint venture between The Hong Kong and China Gas Company (Towngas) and Foran Energy Group Company (Foran Energy).

By Tuhin Roy

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