GREEN MARINE Fuels Trading Forges Strategic Collaboration with Royal Vopak Terminals for Green Methanol Port Storage Facilities in Shanghai and Tianjin
The rapid advancement of the energy transition in shipping underscores the critical importance of methanol as a marine fuel. Essential to the smooth adoption is the necessary supply chain infrastructure.
GREEN MARINE FUELS TRADING is thrilled to unveil a strategic collaboration with ROYAL VOPAK TERMINALS in the key ports of Shanghai Caojing and Tianjin Lingang, China. This milestone agreement marks the next phase of methanol supply chain infrastructure expansion for GREEN MARINE FUELS TRADING, securing necessary port storage capacity to accommodate projected supply of green methanol from Chinese business partners.
GREEN MARINE will be undertaking a similar cooperation plan with VOPAK Singapore as well.
Gavin McGrath, Director at GREEN MARINE, expressed: "This is an important milestone in the evolution of GREEN MARINE FUELS TRADING and further underscores our preparedness to supply green methanol to the imminent green transition within the shipping industry"
"Our leadership in the global methanol marine fuel sector uniquely positions us to bridge the gap between methanol producers and buyers, with storage and supply infrastructure being a crucial link in the chain. We eagerly anticipate leveraging our expertise in these domains to enrich the Shanghai and Tianjin green port and marine fuel ecosystems."
As the world's leading third-party terminal storage operator, Vopak aims to help the world flow forward by accelerating its portfolio investments towards new energies and sustainable feedstocks. Vopak (China) Management Company is the management company ofVopak Group in China and North Asia, which has already established terminals with a capacity of more than 3 million cubic meters in China's major coastal provinces.
In the process of energy transition of maritime industry, Vopak China expects to leverage existing facilities, supply chain expertise and terminal network to help business partners and clients accelerate the low-carbon energy transition. The LOI shows the desired collaboration between Vopak China and GREEN MARINE, for the purpose of GREEN MARINE securing storage facilities for green methanol in the ports of Tianjin Lingang terminal and Shanghai Caojing terminal from VOPAK China.
About VOPAK:
Royal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations. With afocus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, weare accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, long-duration energy storage, and low-carbon fuels & feedstocks –paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands.
About GREEN MARINE:
Headquartered in Denmark, the GREEN MARINE GROUP boasts a global presence with offices strategically located in Copenhagen, Gothenburg, Geneva, Manila, Singapore and soon Shanghai. Our comprehensive value proposition spans the entirety of the methanol marine fuel value chain. From design to construction supervision, technical management, and operations, to specialized methanol dual fuel crew training, direct investment in methanol-related assets, and procurement and bunkering services. Green Marine offers aholistic approach to navigating the evolving landscape of sustainable marine energy solutions.