Cosco Shipping, Shanghai Electric Sign Green Methanol Pact

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China COSCO Shipping Co., Ltd. (COSCO Shipping) and Shanghai Electric Group Co., Ltd. (Shanghai Electric) have signed a strategic cooperation agreement in Shanghai to cooperate on developing green methanol, reports Manifold Times.

Green methanol agreement 

COSCO Shipping Chairman and Secretary of Party Leadership Group Wan Min and Shanghai Electric Chairman and Party Secretary Wu Lei attended and witnessed the signing.

Chen Yangfan, deputy general manager of COSCO Shipping and member of the Party Leadership Group and Liu Ping, president of Shanghai Electric and deputy secretary of the Party Committee, signed the agreement on behalf of both parties.

According to the agreement, both will cooperate in aspects such as green methanol and other sustainable fuels, shipping, logistics, marine equipment, ship operation and maintenance, and digital transformation.

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Source: Manifold Times