Towngas, CPN sign green methanol distribution MoU

In Hong Kong, the Hong Kong and China Gas Company Limited (Towngas) and Chimbusco Pan Nation Petro-Chemical Company Limited (CPN) have recently signed a Memorandum of Understanding (MOU).

Both parties agreed to establish a long-term partnership to jointly develop domestic and international green methanol marine fuel markets.

Under the terms of the agreement, Towngas and CPN will collaborate on green methanol fuel distribution. Towngas will supply CPN with its self-produced green methanol, which has obtained ISCC EU and ISCC PLUS certifications. CPN will be responsible for distributing the green methanol fuel to its customers. Towngas will also provide support in handling technical enquiries and providing product certification documents.