Pacific Basin Shipping Signs MOU with Towngas for Green Methanol Supply to Boost Decarbonisation Efforts

Reuters

06/25

Pacific Basin Shipping Signs MOU with Towngas for Green Methanol Supply to Boost Decarbonisation Efforts

Pacific Basin Shipping Limited, a leading dry bulk shipping company, has entered into a Memorandum of Understanding with The Hong Kong and China Gas Company Limited (Towngas) to enhance its access to green methanol marine fuel. This collaboration is a significant step towards meeting maritime decarbonisation regulations by incorporating green methanol into Pacific Basin's fuel mix. This agreement allows for the supply of green methanol certified under international standards, supporting the company's fleet of dual-fuel low-emission vessels. Towngas plans to expand its green methanol production capacity in response to increasing demand from the shipping sector. This initiative aligns with Pacific Basin's strategy to make green fuels 5% of its fuel mix by 2030 and achieve net zero emissions by 2050.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0390135688.USD","symbol_name":"TEMPLETON ASIAN SMALLER COMPANIES \"A\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250625:nNDL9mPwSr:1","article_id":"2546215593","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546215593","pubTimestamp":1750845184,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Pacific Basin Shipping Limited, a leading dry bulk shipping company, has entered into a Memorandum of Understanding with The Hong Kong and China Gas Company Limited  to enhance its access to green methanol marine fuel. 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