Green Marine and Vopak to collaborate on green methanol supply

Green Marine Fuels Trading has forged a strategic collaboration with Royal Vopak Terminals for green methanol supply in the ports of Shanghai Caojing and Tianjin Lingang, China.

According to Green Marine, the agreement marks the next phase of methanol supply chain infrastructure expansion for the company, securing the necessary port storage capacity to accommodate the projected supply of green methanol from Chinese business partners.

Gavin McGrath, Director at Green Marine, stated: “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.”

McGrath claimed that the company is “uniquely positioned” to bridge the gap between methanol producers and buyers, with storage and supply infrastructure being a crucial link in the chain.

Green Marine will also undertake a similar cooperation plan with Vopak Singapore.

To note, the Green Marine Group is involved in the entire methanol marine fuel value chain, from design to construction supervision, technical management and operations, to methanol dual fuel crew training, direct investment in methanol-related assets, as well as procurement and bunkering services.

As for Vopak, the company’s network of terminals supports the global flow of supply and demand. Vopak said that, together with its partners and customers, the company is “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.”

Recently, Vopak signed a strategic cooperation agreement with the Vice Mayor of Tianjin delegation to support the repurposing of Vopak Tianjin’s infrastructure for new energies, including green methanol, sustainable aviation fuel and potentially ammonia and liquid organic hydrogen carriers (LOHC).