Mainland-Hong Kong Green Energy Matchmaking Event promotes development of green maritime fuel supply chain (with photos)
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The Event is supported by the Department of Foreign Trade of the Ministry of Commerce, the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People's Government (LOCPG) in the Hong Kong Special Administrative Region (HKSAR), as well as a number of relevant organisations, associations and enterprises from Hong Kong and the Mainland. More than 200 representatives from various enterprises, including those from Hong Kong companies with demand for green maritime fuels and relevant fuel suppliers from the Mainland, gathered in the two venues to exchange views and discuss collaborations in relation to fuel off-take and to sign relevant Memoranda of Understanding (MOUs).
The Secretary for Transport and Logistics, Ms Mable Chan, said at the Hong Kong venue, "Hong Kong and the Mainland share the same roots and are closely connected, with strong complementarity in the development of green maritime fuels. The Mainland's core strength lies in the production of green fuels, while Hong Kong, as the southern gate of Mainland China and an international financial, trading and maritime centre, is not only home to a large number of international shipping enterprises, but also enjoys advantages such as free flow of capital, a financial and legal system that is in line with the rest of the world, and a trade settlement mechanism that allows immediate payment settlements. In addition, Hong Kong is the top bunkering centre in the Guangdong-Hong Kong-Macao Greater Bay Area, the second largest in the whole of China and ranks seventh globally. By adopting the 'north-to-south sales' model, under which the high-quality green maritime fuels produced on the Mainland can be exported to the world through Hong Kong's international trading gateway, we will open up new 'blue ocean' opportunities for enterprises from the two places.
"Today's Event demonstrates the impactful materialisation of the target of the Action Plan on Green Maritime Fuel Bunkering promulgated by the HKSAR Government in November last year. We will develop Hong Kong into the preferred green maritime fuel bunkering and trading centre in the region. We have clearly set out in the Action Plan that we will establish a collaborative platform and provide facilitation measures for stakeholders engaged in green maritime fuel bunkering and related businesses, to help establish an efficient supply chain and trading channels. Today's first-of-a-kind Event provides a high-quality and efficient networking platform for the supply and demand sides of green maritime fuels, to help Hong Kong and the Mainland to jointly build a green maritime fuel supply chain."
The signing of nine MOUs by various parties was witnessed by Ms Chan and representatives of relevant enterprises at the Hong Kong venue, and the Deputy Director-General of the Department of Foreign Trade of the Ministry of Commerce, Mr Chang Hui; Deputy Director-General of the Trade Development Bureau of the Ministry of Commerce Mr Zeng Huacheng; the Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the LOCPG in the HKSAR, Mr Zhou Qiang; Deputy Director-General of the Department of Commerce of Guangdong Province Mr Sun Bin; member of the Legislative Council Mr Frankie Yick; the Commissioner for Maritime and Port Development, Miss Amy Chan, and representatives of various attending enterprises at the Shenzhen venue. Among them, the TLB signed MOUs with the China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters, a representative industry organisation; Chimbusco Pan Nation Petro-Chemical Co Ltd, a bunkering service provider; CIMC Enric Holdings Limited and the Hong Kong and China Gas Company Limited, green methanol producers, to collaborate on promoting the development of green maritime fuel-related businesses and establishing a market for the trade of green maritime fuels, etc, with a view to integrating the needs of Hong Kong with the capabilities of industry, and further promoting the development of Hong Kong into a green maritime fuel bunkering and trading centre, thereby achieving mutually beneficial co-operation. In addition, the Hong Kong and China Gas Company Limited and the Pacific Basin Shipping Limited signed an MOU at the Hong Kong venue on their preliminary intent for business collaboration on green maritime fuels, which is a solid step forward for the development of a green maritime fuel trading centre in Hong Kong.
In addition, Miss Chan briefed representatives of the attending enterprises on the direction and latest progress of the development of green maritime fuel bunkering and trading in Hong Kong at the Shenzhen venue, including announcing that the Marine Department will gazette the Code of Practice for Methanol Bunkering within this month, and launch the Green Maritime Fuel Bunkering Incentive Scheme which will offer incentives of up to $1 million per enterprise to pioneer enterprises that provide and engage in green maritime fuel bunkering in Hong Kong, for bunkering operations for specific fuels in Hong Kong.
Ends/Wednesday, June 25, 2025
Issued at HKT 17:39
Issued at HKT 17:39
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