On January 4th, it was reported that the Shanghai Chemical Industry Park project, jointly developed by Huayi, Shenergy, Chengtou, and Shanghai Port, utilizes urban waste as raw material to provide green fuel bunkering services for Shanghai Port's shipping industry. Concurrently, Shenergy Group is advancing a biomass gasification pilot project, with future plans to explore pathways for green hydrogen combined with CCUS (Carbon Capture, Utilization, and Storage). The project aims to achieve a bunkering capacity of 1 million tons. From January to September 2025, green methanol bunkering at Shanghai Port exceeded 7,000 tons, marking its entry into regular operation.
Chempricehub's analysis of methanol assigns a long-short score of 1.5. The article describes how the Shanghai Chemical Industry Park project produces green methanol from urban waste to serve shipping bunkering, targeting a capacity of 1 million tons. The fact that green methanol bunkering exceeded 7,000 tons from January to September 2025 and entered regular operation indicates robust growth in methanol demand, particularly for green methanol, which is bullish for spot prices. Considering the supply-demand dynamics, the strong expectation of demand expansion is likely to drive spot prices upward.
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