Veolia, SIPG Energy (Shanghai) Co., Ltd. (SIPG), and VENEX Company Limited have signed a “Strategic Green Fuel Supply Cooperation Agreement.” This partnership is a direct response to China’s “dual carbon” goals and the green transformation mandates for the port and shipping industry. The ultimate goal is to create an end-to-end green fuel supply ecosystem centered on methanol, spanning from its production to its bunkering (fueling of ships).
Partner Roles and Expertise
- Veolia’s Contribution Leveraging its expertise in local decarbonizing energy solutions and its extensive global decarbonisation experience and know-how. This aligns with its GreenUp strategic program for developing local energy resources and environmental solutions.
- SIPG Energy’s Contribution: Utilizing the SIPG Group’s leading advantages in port energy infrastructure. SIPG aims to establish Shanghai Port as a flagship green fuel hub to support the decarbonization of China’s maritime and port sectors.
- VENEX’s Contribution Applying its specialized knowledge in green methanol production and operations.
Purpose of the Agreement
The cooperation is designed to develop comprehensive green methanol supply and distribution networks. By coordinating the entire green methanol chain, the partnership seeks to deliver sustainable fuel solutions to port and shipping companies.
The partnership is committed to progressively reducing the maritime industry’s reliance on fossil fuels. This coordinated effort is aimed at driving a profound low-carbon transformation in the maritime sector, ultimately fostering a green, low-carbon industrial ecosystem in transportation.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Veolia
