Towngas Advocates for Green Methanol in Hong Kong's Five-Year Plan
Towngas has urged the Hong Kong government to enhance green methanol bunkering capabilities as part of the 2026-2030 Five-Year Plan. The recommendations aim to position Hong Kong as a leader in low-carbon shipping and green finance.
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The Hong Kong and China Gas Company (Towngas) has recommended improvements to port facilities for green methanol bunkering in its submission to the Hong Kong government's Five-Year Plan (2026-2030). The proposal includes accelerating the commercialization of green methanol and establishing an internationally aligned certification system for green fuels.
Additionally, Towngas suggests creating a trading mechanism for green commodities and expanding financial instruments like green infrastructure REITs. These initiatives aim to align with China's 15th Five-Year Plan and bolster Hong Kong's role in green finance and sustainable development. The push for low-carbon shipping could enhance the city's competitive advantage in the international market.
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