Towngas, Veolia and SIPG Energy Partner to Build Green Methanol Fuel Ecosystem for Ports and Shipping

Towngas, through its joint venture with Foran Energy – VENEX – has signed a strategic green fuel supply cooperation agreement with Veolia and SIPG Energy. The partnership aims to advance the development of a green methanol supply and distribution network in response to China’s dual carbon goals and the maritime industry’s push for green transformation.

Under the agreement, the three companies will collaborate to establish an end-to-end green fuel ecosystem covering the full value chain from production to bunkering. The initiative seeks to support the decarbonisation of the port and shipping sectors by promoting the use of green methanol as a sustainable alternative to conventional marine fuels.

According to the companies, the collaboration will integrate VENEX’s experience in green methanol production and operations, Veolia’s global expertise in decarbonising energy systems, and SIPG’s strengths in port energy infrastructure. The coordinated effort aims to build a comprehensive supply network capable of serving ports and shipping companies in China and beyond.

Through this partnership, the parties intend to gradually reduce reliance on fossil fuels within the maritime industry and promote large-scale adoption of low-carbon energy solutions.

Peter Wong Wai-yee, Managing Director of Towngas and Chairman of VENEX, said:
“Leveraging our extensive expertise and operational excellence in green methanol production and management, VENEX will play an integral role in building the green fuel industry ecosystem. In partnership with Veolia and SIPG, VENEX will advance the systematic development of green methanol supply chains and distribution networks, contributing specialised knowledge and capabilities to accelerate the maritime and port industries’ transition toward sustainable, green and low-carbon operations.”

Estelle Brachlianoff, CEO of Veolia, stated:
“Veolia is pleased to support the Port of Shanghai with its advanced technologies and proven know-how to become a global leader in the supply of sustainable green fuels and accelerate the decarbonisation of the port and maritime sector. This cooperation is fully in line with the GreenUp strategic program, which includes the development of local energy resources and cutting-edge environmental solutions.”

Yang Zhiyong, Vice President of SIPG, added:
“As a leading force in port infrastructure, SIPG will leverage this strategic partnership as a pivotal opportunity to collaborate with Veolia and VENEX in developing a comprehensive green fuel supply ecosystem across the entire value chain. SIPG is committed to establishing Shanghai Port as a flagship green fuel hub, providing an essential strategic foundation for the decarbonisation of China’s maritime and port sectors.”

The agreement underscores a growing momentum among port operators, energy producers and technology providers to accelerate the transition to cleaner fuels and sustainable logistics.