20 Jan 2025
Towngas and Global Energy join forces to develop green methanol marine fuel supply chain
(20 January 2025) The Hong Kong and China Gas Company Limited (Towngas) and Global Energy Trading Pte Ltd (Global Energy) in Singapore 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.
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. United in their vision of green methanol as a sustainable, low-carbon marine fuel poised to lead the industry's decarbonisation journey, the two parties will leverage complementary strengths to develop comprehensive green methanol supply solutions across Asia.
Commenting on the collaboration, Mr Sham Man-fai, Chief Operating Officer – Green Fuels & Chemicals of Towngas, said, “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 decarbonisation journey.”
Mr Loh Hong-leong, Managing Director of Global Energy, added, “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.”
Towngas’s methanol production plant in Ordos, Inner Mongolia, employing proprietary technology to convert biomass and municipal waste into green methanol, 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.
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 decarbonisation of the global shipping industry, Global Energy is actively contributing to its sustainability efforts.
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Press photos:
Photo 1:
Mr Sham Man-fai (left), Chief Operating Officer – Green Fuels & Chemicals of Towngas, and Mr Loh Hong-leong (right), Managing Director of Global Energy, sign the memorandum of understanding on behalf of their companies to jointly advance the supply and distribution of green methanol as a marine fuel.
Photo 2:
Towngas' methanol production plant in Ordos, Inner Mongolia, employs proprietary technology to convert biomass and municipal waste into green methanol. It is the first enterprise on the Chinese mainland to achieve ISCC EU and ISCC PLUS certifications for green methanol.
Photo 3:
Global Energy, the first company in Singapore to own and operate dedicated bunkering tankers for methanol, provides methanol bunkering services in the region, delivering over 4.7 million tonnes of marine fuels in 2024.
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The Hong Kong and China Gas Company Limited