VENEX plans Guangdong green methanol plant eyeing bunker demand<\/p>\n
Towngas said its green methanol joint venture VENEX will set up a 200,000 mt\/year production base in Guangdong province to produce green methanol for outlets like bunkering in Hong Kong.<\/p>\n
The plant will be located at the Foshan (Sanshui) New Materials Industrial Park and is scheduled to start operations in 2028. The site will cover around 21 hectares.<\/p>\n
VENEX is a 50:50 joint venture between Foran Energy and Towngas, which is also known as Hong Kong and China Gas Company.<\/p>\n
The plant will use biomass gasification technology to produce green methanol from sugarcane bagasse and wood-processing waste. These feedstocks are widely available in South China, Towngas said.<\/p>\n
The company said it also upcycles waste tyres and branches of sand willow shrubs into feedstocks for green methanol production.<\/p>\n
Together with Towngas\u2019s existing production base in Inner Mongolia, the Guangdong project will raise the company\u2019s green methanol production capacity to around 500,000 mt\/year.<\/p>\n
The additional capacity will help provide a stable supply chain to support Hong Kong\u2019s development as an international green marine fuel bunkering hub, Towngas said.<\/p>\n
In March, Hong Kong bunker supplier Chimbusco Pan Nation supplied around 200 mt of green methanol produced at Towngas\u2019s Inner Mongolia plant to the methanol dual-fuel vessel COSCO Shipping Gemini at the Port of Hong Kong using the bunker vessel Daquing 268.<\/p>\n
China\u2019s current green methanol production capacity is around 380,000 mt\/year, according to Bian Guangqi, deputy director of the Department of Energy Conservation and Technology Equipment. Guangqi spoke at a press briefing at the country\u2019s National Energy Administration last month.<\/p>\n
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