Core Viewpoint - Hong Kong and Royal Vopak Group have signed a strategic cooperation framework agreement to collaborate on green methanol production, storage, and trading, focusing on the Greater Bay Area, Hong Kong, and the Asia-Pacific market to support the shipping industry's green transition [1][3]. Group 1: Strategic Collaboration - The partnership aims to leverage each company's strengths to expand the green methanol supply chain, with Hong Kong and Royal Vopak utilizing their respective technologies and logistics capabilities [1][3]. - The collaboration will focus on "production and storage synergy," enhancing logistics and storage facilities to create an integrated green methanol supply network [3][4]. Group 2: Regional Focus - The Greater Bay Area will be a key area for cooperation, utilizing the advantages of ports in Hong Kong, Shenzhen, and Guangzhou to meet the growing demand for green fuels [3]. - In the East China region, Shanghai and Ningbo will serve as central points for logistics and storage collaboration to address increasing green fuel needs [3]. Group 3: Production Capacity and Future Plans - Hong Kong'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 a long-term goal of reaching 300,000 tons by 2028 [4]. - The company plans to establish multiple green methanol production plants in mainland China, targeting an annual capacity of 1 million tons to prepare for large-scale applications of green methanol [4].