Ge Long Hui·2025-07-07 10:20Core Viewpoint - Hong Kong and China Gas Company (the Company) has signed a strategic cooperation framework agreement with Royal Vopak Group (Vopak) to collaborate on green methanol production, storage, and trading, focusing on the Greater Bay Area, East China, South China, and the Asia-Pacific market to support the shipping industry's green transition [1][2]. Group 1: Strategic Collaboration - The collaboration aims to leverage the strengths of both companies to expand the supply chain of green methanol, with the Company utilizing its technology to produce green methanol from waste tires and agricultural waste, achieving multiple international certifications [1][5]. - Vopak will provide storage and transportation services through its extensive infrastructure and coastal port network, facilitating efficient resource allocation and distribution of green methanol to key markets [1][2]. Group 2: Regional Focus - The partnership will focus on several regions, including the Greater Bay Area, where they will build a collaborative logistics and storage network centered around the ports of Hong Kong, Shenzhen, and Guangzhou [2]. - In East China, the collaboration will enhance logistics and storage facilities at the international ports of Shanghai and Ningbo to meet the growing demand for green fuels [2]. - In the Bohai Bay area, the Company plans to transport green methanol from its northern production base to Vopak's storage facilities in Tianjin, facilitating distribution across the country and the Asia-Pacific region [2]. Group 3: Future Capacity and Production Plans - The Company’s green methanol production facility in Inner Mongolia is expected to increase its annual capacity from 100,000 tons to 150,000 tons by the end of the year, with plans to reach 300,000 tons by 2028 [3]. - The Company aims to establish multiple green methanol production plants in mainland China, targeting an annual production capacity of 1 million tons to prepare for large-scale applications of green methanol [3].