On December 15, Marine Plus S.A. of Greece and Shanghai Yuanhuang Energy Technology Co., Ltd. signed a green methanol procurement framework agreement. The agreement stipulates that Marine Plus S.A will purchase Yuanhuang Energy green methanol for the EU shipping market, starting from August 2025. Purchase, with a scale of 100,000 to 500,000 tons/year.

Marine Plus S.A.  The company was established in Greece in 1988. It has more than 35 years of experience in shipping professional technology, trading, testing, maintenance and other services. It is the exclusive and/or authorized agent for many shipyards around the world, mainly engaged in ship and related trade services.

90% of global trade is completed through sea transportation, and the environmental pollution problem caused by ship shipping has attracted great attention from the international community. The International Maritime Organization (IMO) continues to formulate and promulgate various mandatory regulations to prevent ships from polluting the environment. In this context, the concept of green environmental protection came into being, and the model of green development of ships began to be deeply explored and explored.

In June 2023, the two parties began to discuss the development of the green methanol EU market. After several rounds of exchanges, on October 21, Marine Plus S.A. President CEO Dimitri Vranopoulos and General Manager of Yuanhuang Energy Dr. Yue Xin met in Shanghai. The two sides reached an agreed action plan on jointly developing the green methanol EU market. This plan represents the future direction of global green shipping and promotes the green transformation of the shipping industry. It is a great cooperation worth looking forward to and support.

This agreement is China's second 500,000-ton green methanol order! Just last month, Maersk signed a super green methanol order with Chinese wind power giant!

A.P. Muller-Maersk signed a green methanol purchase agreement with Goldwind Green Energy Chemical, a wholly-owned subsidiary of Goldwind Technology, a leading clean energy company in China. The agreement is the first large-scale green methanol purchase agreement in the global shipping industry and will be valid beyond 2030.

Maersk signed a commercially viable long-term green methanol purchase agreement with an annual output of 500,000 tons to support the first batch of 12 large methanol dual-power ships to achieve low-carbon operations. The first production is expected to be achieved in 2026.

A.P. Muller-Maersk aims to achieve net-zero greenhouse gas emissions in all operations by 2040. The signing of this agreement will significantly reduce risks in the initial stages of Maersk's road to net zero and support the achievement of competitive green methanol market prices in 2030. The record-high production will meet more than half of the methanol-powered ship fuel needs currently ordered by Maersk.