The collaboration marks the start of actual construction phase for this green methanol industrial chain cooperation project in China.
Based on the agreement, all parties involved are committed to fulfilling their social responsibilities by promoting “dual carbon” targets and adhering to the principle of complementary advantages and win-win cooperation. The goal is to leverage their leading advantages in their respective industries to ensure the successful development of all key aspects of the green methanol industrial chain, and establish a green methanol industrial chain that meets both domestic and international green certification standards.
All parties drive the implementation of the first batch of green methanol production projects in China and promote the construction of green methanol industry chain as a starting point to explore and apply other green fuels for shipping.
"It is a crucial channel for shipping industry to achieve green transformation using methanol fuel and orders for methanol fuelled vessels orders have exceeded 200 worldwide. Developing the methanol industry chain will accelerate clean energy refueling hub construction of Shanghai, as well as Shanghai International Shipping hub construction," commented SIPG.
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