June 26, 2025
Towngas signed Memoranda of Understanding (MOUs) with the Transport and Logistics Bureau (TLB) and Pacific Basin on 25 June to support Hong Kong’s development as a green maritime fuel bunkering and trading centre for methanol.
Under the MoU with the Transport and Logistics Bureau, Towngas will supply marine green methanol fuel meeting international standards. Towngas will support delivery, bunkering, export and trading of green fuel in Hong Kong.
The two MOUs signed today with the HKSAR Government and Pacific Basin mark another step forward for Towngas on the path of green energy transformation.
…said Peter Wong Wai-yee, Managing Director, Towngas.
Furthermore, the Bureau will include Towngas in its green maritime fuel business cooperation platform, with the aim to connect Towngas with stakeholders and promote green fuel development and international market access.
Simultaneously, Towngas signed an MoU with Pacific Basin, establishing a framework for green methanol supply cooperation. Towngas will supply green methanol to Pacific Basin to help its fleet comply with EU and International Maritime Organization carbon emission reduction requirements.
Our collaboration with Towngas represents important progress in our efforts to enhance our priority access to increasing and eventually very large volumes of green fuels, including green methanol, that ships will need to comply with tightening maritime decarbonisation regulations.
…said Martin Fruergaard, Chief Executive Officer, Pacific Basin.
