Hong Kong-headquartered Venture Energy, which focuses on procurement and trading of clean fuels, has signed a memorandum of understanding with CSSC Science and Technology Corporation (CSST) and China Shipbuilding Trading Corporation (CSTC) that establishes a long-term procurement framework for green methanol supplies.

Under the agreement, the two parties will expand the scope of their cooperation in line with market demand, focusing on developing green methanol production initiatives and integrated cooperation across production, procurement, technical development and investment.
Representatives of the three companies attended the signing ceremony last month in Beijing, including Cheng Song, general manager of CSST, Di Weiping, assistant general manager of CSTC, and Greg McMillan, CEO of Venture Energy.
According to Venture Energy, the partnership aims to foster broad engagement and technical dialogue, covering areas such as optimizing green methanol technology pathways, ISCC EU certification and complete delivery solutions to secure future fuel supplies.
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