Towngas and Golden Island partner for green bunkering fuel
Green methanol will be supplied to Singapore-flagged Golden Antares.
The Hong Kong and China Gas Company Limited (Towngas) and Golden Island Pte Ltd have agreed on green methanol supply for the latter’s bunkering operations in Singapore.
Under the arrangement, Towngas will provide International Sustainability and Carbon Certification (ISCC) EU and ISCC PLUS-certified green methanol to Golden Island’s new Singapore-flagged bunker tanker Golden Antares.
The vessel is scheduled to depart a Chinese shipyard by late April and will lift the green methanol produced by Towngas before returning to Singapore to begin bunkering trials in July 2025.
Golden Antares has mass flowmeters and a 6,500-tonne carrying capacity for methanol. It will transport the cargo to a Singapore-operated terminal before conducting bunkering operations in compliance with the city-state’s Technical Reference 129 on Methanol Bunkering.
Towngas said this development marks the significant expansion of its green methanol supply network across Asia.
The company’s methanol production plant in Ordos, Inner Mongolia utilises proprietary technology to convert biomass and municipal waste into green methanol. It currently has an annual production capacity of 100,000 tonnes, and is expected to increase to 150,000 tonnes by the end of 2025.
Towngas has also agreed with Foran Energy Group Company Limited to establish multiple green methanol production bases across China for a combined annual production capacity of 1 million tonnes. The initial annual production capacity of the Foshan production plant is expected to reach 200,000 tonnes by 2028.
“With our new cooperation plan with Foran Energy Group, we will soon expand our capacity to serve major ports in South China and the Greater Bay Area, including Hong Kong, Guangzhou, and Shenzhen, further strengthening our position as a leading green methanol supplier in Asia’s maritime sector,” said Sham Man-fai, COO- Green Fuels & Chemicals of Towngas.
