China Marine Bunker, Cosco Shipping Logistics & Supply Chain Management, and CGN New Energy Holding are collaborating to develop green methanol projects. The three companies have signed a strategic cooperation agreement to establish an integrated green methanol production and sales project in Bairin Left Banner, Chifeng City, Inner Mongolia. This project aims to produce 200,000 tonnes of methanol annually.
CGN New Energy Holding will focus on methanol production, China Marine Bunker will handle sales for ocean-going vessel fuel supply, and Cosco Shipping Logistics & Supply Chain Management will oversee the transportation and warehousing of green methanol.