Shanghai - On November 15, COSCO SHIPPING, CP Group Co., Ltd., and Freepoint Commodities collectively inked a memorandum of understanding (MoU) on the production of green methanol. This partnership aims to capitalize on each party’s strengths, foster greater collaboration, and establish a comprehensive alliance. The successful execution of this MoU signifies a pivotal moment in the strategic cooperation among the three parties, paving the way for advancements in green marine fuel production and utilization.

Under the terms of the agreement, the three parties commit to intensifying their joint efforts in the area of maritime green . . .