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Another green methanol purchase agreement signed!

Recently, Huaguang Energy Co., Ltd. (hereinafter referred to as “Huaguang Energy”) and Shanghai Shenji Energy Environmental Technology Co., Ltd. (hereinafter referred to as “Shenji Energy”) announced that they have reached a cooperation and signed a green methanol procurement and supply agreement.

The raw materials of this batch of products come from biomass resources such as municipal waste, straw, livestock and poultry manure, and its carbon emission reduction attributes can help downstream shipping customers meet the increasingly stringent compliance requirements such as the EU carbon tax policy and the Fuel Shipping Regulation (FuelEU Maritime).

Relying on the shipping resources of its parent company Huaguang Shipping Co., Ltd. and the location advantage of Hong Kong, Huaguang Energy is committed to building a bridge for China’s green methanol producers to global end users. With its accumulation in the field of biomass energy utilization, Shenji Energy provides ISCC certified biomethanol.

At present, Huaguang Energy has signed memorandums of understanding with several industry partners and continues to develop a competitive product portfolio to provide manufacturers with end-to-end solutions from the factory to the core filling port in Asia.

Huaguang Energy Co., Ltd.

Huaguang Energy is committed to becoming a leader in the field of clean fuel supply and ship electrification. As a subsidiary of Huaguang Shipping Co., Ltd., Huaguang Energy actively promotes the construction of core factories and infrastructure projects to accelerate the decarbonization process of the shipping industry in Asia and the world.

Headquartered in Hong Kong, Huaguang Shipping is a privately owned integrated shipping group with more than 70 years of history and offices in Shenzhen, London, Genoa, Singapore and Dalian. At present, it has four business segments: ship owner, ship management, bulk cargo operation and energy business.

Shanghai Shenji Energy Environmental Technology Co., Ltd.

Shanghai Shenji Energy Environmental Technology Co., Ltd. was established in 2021 and is a wholly-owned company of Shenneng (Group) Co., Ltd. specializing in biomass energy reuse. In the field of waste resource utilization, Shenji Energy is mainly committed to the research of comprehensive utilization methods such as biomass energy.

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