CPN and Hong Kong government to advance development of green bunker fuels

Hong Kong-based marine fuel oil supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (27 June) announced the signing of a Memorandum of Understanding (MOU) with the Transport and Logistics Bureau (TLB) of the Hong Kong Special Administrative Region (HKSAR) Government. 

This landmark agreement, formalised during the Mainland-Hong Kong Green Energy Matchmaking Event on 25 June, marked a significant step toward establishing Hong Kong as a global hub for green marine fuel bunkering and trading.

The MOU underscores CPN’s and the HKSAR Government’s shared commitment to advancing a sustainable maritime industry through the development and adoption of green marine fuels. 

Aligned with the HKSAR’s Action Plan on Green Maritime Fuel Bunkering, launched in November 2024, this partnership leverages Hong Kong’s position as a global maritime and financial centre to build a robust green marine fuel bunkering supply chain, integrating the Mainland’s production capabilities with Hong Kong’s international trading gateway.

As a Hong Kong physical bunker supplier and a global leader in marine fuel solutions, CPN is dedicated to expanding the diversity and supply capacity of alternative marine fuels. Beyond biofuels, CPN is looking into the use of methanol as a sustainable bunkering fuel. 

Mr. Calvin Chung, Director & Deputy General Manager of CPN, said: “We are deeply grateful to the TLB for their trust in choosing CPN as a partner to advance a greener Hong Kong. This MOU with the TLB is a game-changer for Hong Kong’s ambition to become a global green bunkering hub. We’re proud to lead the charge in sustainable marine fuel solutions, and this partnership is a bold step toward a cleaner, greener future.”

Photo credit: Chimbusco Pan Nation
Published: 1 July, 2025