Wah Kwong clean fuels trading subsidiary ink green methanol MoU with CSSC affiliates

Hong Kong shipowner Wah Kwong Maritime Transport on Friday (22 May) said its subsidiary, Venture Energy, signed a Memorandum of Understanding (MoU) on green methanol cooperation last month in Beijing, with CSSC Science & Technology (CSST) and China Shipbuilding Trading (CSTC). 

The MoU establishes a long-term offtake framework for green methanol supply.

Last year, Wah Kwong established Venture Energy, a subsidiary focusing on the procurement and trading of clean fuels. Venture Energy connects producers of clean fuels in China to end users around the world, developing plant projects and procuring product for downstream customers and for the potential future requirements of Wah Kwong and other shipowners.

The representatives from the three parties attended the signing ceremony, including Zheng Song, General Manager of CSST, Di Weibing, Assistant General Manager of CSTC, and Greg McMillan, Executive Director of Venture Energy.

Under the MoU, the three parties will expand the scope of cooperation in line with market demand, focusing on the development of green methanol production initiatives and integrated collaboration across production, procurement, technical development and investment. 

This partnership aims to strengthen extensive engagement and technical dialogue, covering areas such as optimising green methanol technology pathways, ISCC EU certification and full-chain delivery solutions, to secure future fuel supply.

By leveraging complementary strengths, the partnership will enhance collaboration among the parties, supporting the maritime sector’s low-carbon transition, while advancing the development of sustainable fuels.

Related: Wah Kwong launches clean fuels procurement and trading subsidiary Venture Energy

Photo credit: Wah Kwong Maritime Transport
Published: 26 May, 2026