China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) have jointly signed the “Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain” online.
This milestone signifies the start of the actual construction phase for this comprehensive industrial chain cooperation project, which encompasses the production, transportation, refuelling, and certification of green methanol for ships.
The adoption of green methanol fuel is a crucial step for the shipping industry to achieve environmental sustainability. COSCO SHIPPING has recently placed an order for 12 methanol dual-fuel container ships, each with a capacity of 24,000 TEU.