- COSCO SHIPPING, CP Group, and Freepoint Commodities have signed an MoU to collaborate on green methanol production.
- This partnership leverages Southeast Asia’s biomass resources and advanced technologies to develop a facility adhering to EU standards, promoting sustainable energy for maritime operations.
Strategic Partnership for Maritime Decarbonization
The agreement marks a key milestone in advancing green marine fuel production. The three parties will intensify efforts in green energy development, aiming to support COSCO SHIPPING’s renewable energy transition and enhance the global energy mix.
Commitment to Low-Carbon Solutions
This collaboration highlights a shared dedication to reducing the carbon footprint of international shipping. By establishing industry benchmarks, the partnership seeks to drive the evolution of sustainable and high-quality maritime development.
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Source: COSCO SHIPPING lines
