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SHANGHAI, March 26, 2026 /PRNewswire/ -- Biomethanol from Shanghai Electric's Taonan project has been successfully bunkered onto the container vessel CMA CGM OSMIUM at Shanghai's Yangshan Port this month. The operation marks the first large-scale adoption of Chinese biomethanol by a global shipping leader, underscoring Shanghai Electric's expanding of its presence in green hydrogen and next-generation fuel technologies.
Coordinated by Shanghai International Port Group from March 5 to 6, the bunkering operation was completed through a simultaneous loading and bunkering model that enables efficient coordination between cargo handling and fuel supply.
The recipient vessel, a next‑generation methanol‑dual‑fuel container ship owned by the CMA CGM Group, was fueled with biomethanol produced by Shanghai Electric, validating the company's fully integrated supply chain model spanning biomethanol production, land‑sea intermodal logistics, and port‑side bunkering.
Shanghai Electric's Taonan project is China's first large-scale commercial biomethanol facility. Located in western Jilin Province, it leverages the region's abundant wind, solar, and biomass resources. The initiative integrates proprietary technologies, including oxygen‑blown pressurized biomass gasification, flexible wind‑powered hydrogen production, and CO₂‑rich syngas‑to‑methanol synthesis, to create a fully integrated biomethanol production system.
Compared with conventional coal‑based methanol, biomethanol delivers a significant reduction in full‑life‑cycle carbon emissions, offering concrete progress toward maritime decarbonization goals. It provides the global shipping industry with a reliable green fuel option, supporting the transition to low‑ and zero‑carbon operations.
This integrated "green power–green hydrogen–green methanol" system addresses local renewable energy consumption and biomass utilization, while offering the shipping industry a stable, efficient, and sustainable low‑carbon fuel. Following systematic optimization, the Taonan facility now operates continuously, producing biomethanol that meets international marine fuel standards and holds International Sustainability and Carbon Certification (ISCC EU). The initial phase has an annual output of 50,000 tons, with plans for further expansion.
"The successful bunkering marks a breakthrough for Shanghai Electric in the fields of green hydrogen and next‑generation fuels. Moving forward, Shanghai Electric will continue to deepen its R&D and industrial application of biomethanol technology, strengthening collaboration with global shipping and port operators. With independently developed core technologies and full‑chain solutions, we are committed to contributing solid momentum to the global energy transition and pursuing carbon neutrality in the maritime industry," a Shanghai Electric representative said.
SHANGHAI, March 26, 2026 /PRNewswire/ -- Biomethanol from Shanghai Electric's Taonan project has been successfully bunkered onto the container vessel CMA CGM OSMIUM at Shanghai's Yangshan Port this month. The operation marks the first large-scale adoption of Chinese biomethanol by a global shipping leader, underscoring Shanghai Electric's expanding of its presence in green hydrogen and next-generation fuel technologies.
Coordinated by Shanghai International Port Group from March 5 to 6, the bunkering operation was completed through a simultaneous loading and bunkering model that enables efficient coordination between cargo handling and fuel supply.
The recipient vessel, a next‑generation methanol‑dual‑fuel container ship owned by the CMA CGM Group, was fueled with biomethanol produced by Shanghai Electric, validating the company's fully integrated supply chain model spanning biomethanol production, land‑sea intermodal logistics, and port‑side bunkering.
Shanghai Electric's Taonan project is China's first large-scale commercial biomethanol facility. Located in western Jilin Province, it leverages the region's abundant wind, solar, and biomass resources. The initiative integrates proprietary technologies, including oxygen‑blown pressurized biomass gasification, flexible wind‑powered hydrogen production, and CO₂‑rich syngas‑to‑methanol synthesis, to create a fully integrated biomethanol production system.
Compared with conventional coal‑based methanol, biomethanol delivers a significant reduction in full‑life‑cycle carbon emissions, offering concrete progress toward maritime decarbonization goals. It provides the global shipping industry with a reliable green fuel option, supporting the transition to low‑ and zero‑carbon operations.
This integrated "green power–green hydrogen–green methanol" system addresses local renewable energy consumption and biomass utilization, while offering the shipping industry a stable, efficient, and sustainable low‑carbon fuel. Following systematic optimization, the Taonan facility now operates continuously, producing biomethanol that meets international marine fuel standards and holds International Sustainability and Carbon Certification (ISCC EU). The initial phase has an annual output of 50,000 tons, with plans for further expansion.
"The successful bunkering marks a breakthrough for Shanghai Electric in the fields of green hydrogen and next‑generation fuels. Moving forward, Shanghai Electric will continue to deepen its R&D and industrial application of biomethanol technology, strengthening collaboration with global shipping and port operators. With independently developed core technologies and full‑chain solutions, we are committed to contributing solid momentum to the global energy transition and pursuing carbon neutrality in the maritime industry," a Shanghai Electric representative said.
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Powering global maritime decarbonization, Shanghai Electric delivers first large-scale biomethanol bunkering for international shipping
BEIJING, March 26, 2026 /PRNewswire/ -- The 2026 Global South Financiers Forum opened in Beijing on Wednesday under the theme "Illuminating Global South."
Addressing the main forum, President of Xinhua News Agency Fu Hua said Xinhua is committed to amplifying the voice of the Global South and documenting its dynamic development.
He added that the agency will leverage its all-media network and global presence to promote deeper financial cooperation among Global South countries and contribute solutions to building a new global financial governance order.
Sun Shuo, vice mayor of Beijing, said the financial sector is a pillar of the city's economy. He noted that Beijing will remain committed to high-standard opening up and expand financial cooperation with Global South countries, with efforts focused on improving the business environment, strengthening sci-tech and financial integration, advancing green finance cooperation, and promoting higher-standard financial opening up.
Lu Lei, deputy governor of the People's Bank of China, said the central bank encourages financial institutions to carry out green and low-carbon investment in countries and regions participating in the Belt and Road Initiative.
He added that the central bank stands ready to work with all parties to advance high-quality development of green finance and guide capital toward green and low-carbon sectors.
Li Hongyan, deputy head of the State Administration of Foreign Exchange, said the restructuring of the global green industry presents win-win opportunities for China and other Global South countries.
Through high-standard financial opening up, China will deepen cooperation with other Global South countries in green industries, share opportunities and contribute to global sustainable development, Li said.
Erwin Ramirez, Nicaragua's minister of development, industry and trade, and Shahin Mahmudzada, executive director of the Central Bank of Azerbaijan, also addressed the forum. The two-day event is hosted by Xinhua.
Original link: https://en.imsilkroad.com/p/349905.html
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Xinhua Silk Road: 2026 Global South Financiers Forum held in Beijing
