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Hong Kong to inject tens of millions to turn city into Green Shipping Hub: sources

Posted on February 28, 2024

The SAR government will inject tens of millions of Hong Kong dollars to develop the city into a Green Shipping Hub, as well as turning Hong Kong into a high-quality green fuel bunkering center to attract more ships to call Hong Kong Port for bunkering, according to sources.

Sources said Wednesday’s budget delivery will introduce a series of measures to develop Hong Kong as a green and smart port.

The measures include setting up a high-quality green fuel bunkering center to explore the possibility of providing local vessels with clean energy through the use of green methanol.

The green fuel, compared to traditional shipping fuels, can reduce sulfur compounds by approximately 95 percent.

The government will also study the expansion of refueling facilities along shipping routes and the development of related infrastructure, as well as the construction of transportation pipelines for fuel production.

Sources also said the budget will address the research on simplifying the process of transporting sustainable aviation fuel and its storage.

It is expected that an action plan will be outlined within this year to promote these initiatives.


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