Wah Kwong Maritime Transport, an integrated shipowner and operator, has entered into a strategic partnership with CIMC ENRIC Holdings Limited (CIMC ENRIC), a global top-tier clean energy equipment manufacturer, to focus on green methanol bunkering application, logistics, and services. The companies signed the cooperation agreement on February 26, 2025.
A Collaboration in Green Fuel Sector
This partnership is the first in the green fuel industry, linking a top plant developer with a logistics provider. The partnership highlights CIMC ENRIC’s green methanol production strengths and Wah Kwong’s expertise in investment, offtaking, and logistics.
CIMC ENRIC and Wah Kwong will collaborate on renewable fuel initiatives and consider investment prospects under the partnership. CIMC ENRIC, on the other hand, will produce and supply green methanol in compliance with ISCC and EU regulations.
Guangdong Green Methanol Plant Development
CIMC ENRIC is building a 50,000 MTPA green methanol plant in Zhanjiang, aimed at serving the Greater Bay Area. Production is expected in the second half of 2025.
When green methanol projects are approaching completion, logistical and delivery concerns become more paramount. Wah Kwong and CIMC ENRIC aim to create cost-effective, carbon-efficient fuel delivery, driving success in the green methanol sector
Hing Chao, Executive Chairman of Wah Kwong Maritime Transport, said, “Wah Kwong is delighted to formally enter partnership with our friends at CIMC ENRIC today, and to develop our role as a trusted investor, offtaker and logistics partner for renewable fuels. Wah Kwong is grateful for the opportunity, through Venture Energy, to develop an offtake from CIMC ENRIC and provide downstream services to them as a logistics partner.”
He added, “We look forward to a fruitful and long-term partnership in the years to come which includes potential joint investments. As the marine transition gathers pace, it is increasingly important we forge pioneering new partnerships to invest, produce and deliver the products and services our industry needs to decarbonise.”
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Focus on the Greater Bay Area
Wah Kwong and CIMC ENRIC will focus on the Greater Bay Area to develop a pilot green methanol bunkering operation. CIMC ENRIC’s renewable fuel and Wah Kwong’s logistics expertise will work together to establish a solid green methanol foundation.