Venture Energy, the fuel division of shipping firm Wah Kwong, has entered a strategic agreement with a Chinese energy company to secure a supply of green methanol, according to Ship & Bunker.
Strategic Collaboration with Shanghai Shenji
As reported by Ship & Bunker, Venture Energy has signed both a strategic collaboration deal and a green methanol procurement and supply agreement with Shanghai Shenji Energy & Environmental Technology Co. The methanol covered by the agreement will be produced in China.
Under the arrangement, Venture Energy will procure ISCC EU-certified green methanol, with the first shipment scheduled for delivery and loading during the first half of 2026, Ship & Bunker reports.
A Framework Beyond Fuel Supply
The partnership is described as extending well beyond a conventional product supply arrangement. According to a press release cited by Ship & Bunker, the collaboration includes “full-chain collaboration on biogas feedstock and green-fuel ISCC certificates.”
The company stated in the same release that the agreement “establishes a practical, fully traceable framework for the standardised trading of green marine fuels.”
Gulf Bunkering does not provide operational or security guidance. This article is for informational purposes only. Operators should consult flag state authorities, P&I clubs, and relevant advisories for decisions relating to transit planning.
Sources: Ship & Bunker
