Companies join forces to develop green methanol value chain
CMA CGM has signed a green methanol long term supply cooperation agreement with SIPG Energy and Shanghai Electric Group on 20 March to develop a fully integrated green methanol value chain.
Under the agreement, Shanghai Electric Group will supply CMA CGM with green methanol fuel over the mid-to-long term.
Additionally, in collaboration with SIPG, the green methanol will be transported through a land-sea combined logistics route, moving from Shanghai Electric’s production base in Taonan to Shanghai Port, the world’s largest container port.
The agreement is expected to accelerate Shanghai Port’s development into a regional green methanol bunkering hub.
This collaboration underscores CMA CGM’s leadership in maritime decarbonisation and strengthens our partnership with major Chinese partners.
…the company said.
Shanghai Electric said the agreement will form a complete “production-transportation-bunkering” chain. The company further elaborated that its Taonan project is an important foundation for it in the field of hydrogen-based green fuels.
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