Hong Kong-headquartered Venture Energy, focused on the procurement and trading of clean fuels, has signed a memorandum of understanding (MoU) with CSSC Science & Technology (CSST) and China Shipbuilding Trading Co. (CSTC) that establishes a long-term offtake framework for green methanol supply.

Under the agreement, the parties will expand their scope of cooperation in line with market demand, focusing on the development of green methanol production initiatives and integrated collaboration across production, procurement, technical development and investment.