Hong Kong S.A.R., China, 22 May 2026 –Venture Energy Limited (“Venture Energy”) has signed a Memorandum of Understanding (“MOU”) on green methanol cooperation last month in Beijing, with CSSC Science & Technology Co., Ltd. (“CSST”) and China Shipbuilding Trading Co., Ltd. (“CSTC”). The MOU establishes a long-term offtake framework for green methanol supply.
The representatives from the three parties attended the signing ceremony, including Zheng Song, General Manager of CSST, Di Weibing, Assistant General Manager of CSTC, and Greg McMillan, Executive Director of Venture Energy.
Under the MOU, the three parties will expand the 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. This partnership aims to strengthen extensive engagement and technical dialogue, covering areas such as optimising green methanol technology pathways, ISCC EU certification and full-chain delivery solutions, to secure future fuel supply.
By leveraging complementary strengths, the partnership will enhance collaboration among the parties, supporting the maritime sector’s low-carbon transition, while advancing the development of sustainable fuels.
About Venture Energy Limited
Venture Energy’s vision is to be a leading provider of next generation fuels. We develop plant and infrastructure projects to drive maritime decarbonisation across Asia and the world. Together with local partners, we invest in upstream clean fuel production capacity, offering development, sales, marketing, and logistics services to plant consortia, and a reliable project partner to off-takers, particularly of methanol and ammonia. We offer our international partners unparalleled visibility of and seamless access to the Chinese clean energy market, and our Chinse partners an effortless international reach.
Venture Energy is a subsidiary of Wah Kwong, a privately-held integrated shipping company headquartered in Hong Kong with more than 70-year history, involved in ship owning, ship management, marine consultancy services and dry bulk operating.
About China State Shipbuilding Corporation Limited (CSSC)
China State Shipbuilding Corporation Limited (CSSC) is the national team and main force in the development of China’s shipbuilding industry. It possesses the largest and strongest ship design and construction capacity in China, capable of designing and building marine and offshore equipment that complies with the norms of any classification society in the world, meets international general technical standards and safety convention requirements, and is navigable in any sea area globally. CSSC also continuously expands strategic emerging industries such as clean energy.
CSST , as the leader of CSSC’s clean energy industrial chain, focuses on the development direction of “Two Oceans and Two Integrations” with main engine equipment as the core, and has profound technical accumulation and a nationwide industrial layout in the green methanol production sector.
CSTC , connects CSSC’s industrial resources with the global market, serving as the main platform for the market operation of CSSC’s ship and marine industry and the main force for international business expansion. It is committed to promoting the integration of CSSC’s industrial advantages into the global market and facilitating the internationalization of green energy projects.
