World’s first green methanol bunker fuel trading platform established in Shanghai
Photo: signing ceremony of agreement
The Shanghai Lin-gang Special Area Administration signed a cooperation agreement with methanol consultancy Green Marine Group on April 2nd, for the development of the world’s first methanol bunker fuel trading platform.
Morten Jacobsen, Founder and CEO of Green Marine Group, and Chen Jinshan, Standing Committee Member of the Municipal Party Committee, Secretary of the Party Working Committee of Lin-gang Special Area and Director of the Administration, attended and witnessed the signing ceremony.
Green Marine Group will develop a methanol marine fuel trading platform for the Lin-gang Special Area to provide upstream and downstream enterprises in the green shipping industry chain with effective tools to manage forward price risks and promote physical transactions of green methanol.
The district will also allocate green fuel resources in both international and domestic markets and build a world-leading green shipping service ecosystem.
The Green Marine Group will also set up the country's first green methanol training and certification centre in Lingang to provide support for Shanghai to carry out ship-to-ship (STS) methanol bunkering of international sailing ships and help Shanghai to accelerate quality shipping services.
Lin-gang Special Area is actively promoting the green and low-carbon transformation of the international shipping industry.
Who will participate the platform and where the green fuels come from?