Recently established green methanol collaboration broadens its scope
Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, and Shanghai Shenji Energy & Environmental Technology have expanded their recently established collaboration to medium- to long-term offtake, green fuel trial bunkering, trading platforms and technical management for marine vessels.
Under the procurement and supply agreement announced earlier this month, Venture Energy will purchase ISCC EU-certified green methanol from Shenji Energy that fully complies with the European Union’s Renewable Energy Directive (RED). The partnership also encompasses full-chain collaboration on biogas feedstock and green-fuel ISCC certificates.
The partners reported today, April 28, that they had signed a strategic cooperation memorandum of understanding (MoU) to upgrade from existing spot trade co-operation to a full-range strategic collaboration.
The collaboration broadens its scope beyond single-fuel supply to integrated supply-chain services, with the focus on the development of a green fuel trading platform, pilot bunkering and the market promotion of green fuels, and collaboration on marine services and ship management.
Greg McMillan, Executive Director of Venture Energy, said: “This strategic collaboration marks an important
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