IPEC 2025: Chinese stakeholders inked deals on alternative bunker fuels and e-BDN
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by Admin
Zhoushan hosted the 8th International Petroleum and Natural Gas Enterprises Conference (IPEC 2025), attracting nearly 500 industry leaders from the oil and gas sector on Wednesday (22 October).
Themed Leading with Digital Intelligence: Shaping a New Marine Fuel Ecosystem Together, the conference brought together participants from the global marine fuel industry chain, including government representatives, industry associations, shipowners, fuel suppliers, traders, port companies, financial institutions, information agencies, equipment and digital technology service providers, and industry experts.
A grand signing ceremony was held at the conference, focusing on two main areas.
The first wave of agreements focused on green new energy. Zhoushan High-Tech Zone successfully signed an agreement on a liquid ammonia bunkering project with Jiangsu Andefu Energy Supply Chain Technology Co., Ltd and Safmarine.
Chimbusco reached a green methanol marine fuel supply cooperation with CNNP Rich Energy Co..Ltd., China Power Engineering Consulting Group, ICT Developer, and China Hydrogen Energy.
These agreements fully demonstrate Zhoushan’s plan to actively build a future green fuel supply chain.
The second wave of agreements focused on the implementation of digital applications.
Sinopec, PetroChina, and Chimbusco, respectively, partnered with barge companies such as Dongfang Tongzhou, Shihua South Oil Shipping Co., Ltd, Jinhui Shipping, Zhoushan New City Yifengrun Shipping Co., Ltd, and Zhejiang Qichen, as well as digital technology service providers TradeGo and CommoDT, to formally sign a series of cooperation agreements for the widespread application of the “electronic bunker delivery notes (e-BDN) digital handover system.”
Shi Zhouhai, Member of the Party Leadership Group of the Zhoushan Municipal Government, Chief Economist of the Administrative Committee of the Zhoushan Islands New Area in Zhejiang Province, and Secretary of the Party Working Committee of the Zhoushan High-Tech Zone, delivered a speech at the conference.
He noted that Zhoushan is fully committed to building a 10 million metric tonne (mt) global bonded marine fuel bunkering hub —aiming to enhance supply efficiency and reduce costs.
He invited the industry to work together to promote the digital advancements, green transformation and development of the marine fuel industry.
Related: IPEC 2025: Top ten global bunkering ports and marine fuel suppliers revealed
Photo credit: Zhoushan Hi-Tech Zone Administrative Committee
Published: 24 October, 2025
