Veolia, SIPG Energy (Shanghai) Co., Ltd. and VENEX Company Limited are taking the lead in responding to China’s “dual carbon” goals and the green transformation requirements of the port and shipping industry. The three companies officially signed a "Strategic Green Fuel Supply Cooperation Agreement" to develop comprehensive green methanol supply and distribution networks, thereby creating an end-to-end green fuel supply ecosystem that spans from production to bunkering.
According to the agreement, the three parties will leverage Veolia's expertise in local decarbonizing energy solutions and its worldwide decarbonisation experience, SIPG Group's leading advantages in port energy infrastructure, and VENEX's specialized green methanol production and operations knowledge to develop comprehensive green methanol supply and distribution networks, creating an end-to-end green fuel supply ecosystem from production to bunkering.
Through the coordinated development of the green methanol chain, the partnership will deliver sustainable fuel solutions to port and shipping companies, progressively reducing the industry's reliance on fossil fuels and driving a profound low-carbon transformation in the maritime sector, ultimately fostering a green, low-carbon industrial ecosystem in transportation.
Ms. Julia Gu, CEO of Veolia China, Mr. LUO Wenbin, Chairman and General Manager of SIPG Energy (Shanghai) Co., Ltd., and Mr. SHAM Man Fai, CEO of VENEX, signed the cooperation agreement. Ms. Estelle Brachlianoff, CEO of Veolia Group, Mr. GU Jinshan, President of the China Ports and Harbours Association, and Mr. Peter Wong, Chairman of VENEX, witnessed the entire signing. Mr. YANY Zhiyong, Vice President of Shanghai International Port Group presided over the signing ceremony.
(From left to right) Mr. YANG Zhiyong, Vice President of Shanghai International Port Group; Ms. Julia Gu, CEO of Veolia China; Mr. LUO Wenbin, Chairman and General Manager of SIPG Energy (Shanghai) Co., Ltd.; Ms. Estelle Brachlianoff, CEO of Veolia Group; Mr. GU Jinshan, President of China Ports and Harbours Association; Mr. Peter Wong, Chairman of VENEX; Mr. SHAM Man Fai, CEO of VENEX.
Ms. Estelle Brachlianoff, CEO of Veolia, stated:
" Veolia is pleased to support the Port of Shanghai with its advanced technologies and proven know-how to become a global leader in the supply of sustainable green fuels and accelerate the decarbonization of the port and maritime sector. This cooperation is fully in line with the GreenUp strategic program, which includes the development of local energy resources and cutting-edge environmental solutions."
Mr. Yang Zhiyong, Vice president of SIPG commented,
“As a leading force in port infrastructure, SIPG will leverage this strategic partnership as a pivotal opportunity to collaborate with Veolia and VENEX in developing a comprehensive green fuel supply ecosystem across the entire value chain. SIPG is committed to establishing Shanghai Port as a flagship green fuel hub, providing an essential strategic foundation for the decarbonization of China's maritime and port sectors.”
Mr. Peter Wong Wai-yee, Chairman of VENEX commented,
“Leveraging our extensive expertise and operational excellence in green methanol production and management, VENEX will play an integral role in building the green fuel industry ecosystem. In partnership with Veolia and SIPG, VENEX will advance the systematic development of green methanol supply chains and distribution networks, contributing specialized knowledge and capabilities to accelerate the maritime and port industries' transition toward sustainable, low-carbon operations.”
Mr. Gu Jinshan, President of the China Ports and Harbours Association, expressed high recognition for this cooperation. He stated:
“Promoting the application of clean fuels such as green methanol is a key pathway to achieving the 'dual carbon' goals in the port and shipping industry. This tripartite cooperation, by integrating global environmental resources with the advantages of local port infrastructure, will significantly enhance the green fuel supply guarantee capability of Shanghai Port. It also provides a practical and replicable example for the low-carbon transformation of the port and shipping industry in China and even globally.”