Towngas urges green methanol push in Hong Kong’s five-year plan
The Hong Kong and China Gas Company (Towngas) has urged the Hong Kong government to strengthen the city’s green methanol bunkering capabilities as part of its first Five-Year Plan. The gas utility firm has submitted its recommendations as part of the government’s ongoing consultation on the plan, which covers 2026-2030. The proposal suggests improving methanol ...
Hong Kong and China Gas Company, also known as Towngas, has urged the Hong Kong government to bolster the city's green methanol bunkering capabilities as part of its Five-Year Plan for 2026-2030. The gas utility company submitted its recommendations during the government's ongoing consultation on the plan. Towngas suggests enhancing methanol bunkering infrastructure at the port, but has not disclosed further details.
The company calls for prioritizing the commercialization of green methanol and leading the development of an internationally aligned certification framework for green fuels. These recommendations correspond with Towngas' investments in green methanol production. The firm's joint venture, VENEX, is constructing a 200,000 mt/year bio-methanol plant in Guangdong province, slated to start operations in 2028.
When combined with Towngas' existing plant in Inner Mongolia, the projects will expand the company's bio-methanol production capacity to approximately 500,000 mt/year.
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