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The Methanol Institute supports the IMO's adoption of the Net-Zero Framework, viewing it as vital for shipping decarbonization. It claims sufficient methanol supply exists and projects 7-14 million tonnes of renewable methanol availability by 2030.
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The Methanol Institute announced that Felicia Mester is joining as Managing Director for Europe & IMO Affairs to lead its Brussels office. She will work with EU institutions and the IMO to support methanol's role in decarbonizing maritime transport and industry.
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CIMC Enric reported 2025 interim net profit of RMB560 million, up 15.6% YoY, with revenue at RMB12.61 billion. Clean energy revenue rose 22.2% to RMB9.63 billion, driven by strong orders and operational expansion.
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CIMC Enric signed a Memorandum of Understanding with the Hong Kong Transport and Logistics Bureau to develop a green marine fuel ecosystem. The partnership aims to support Hong Kong's goal of achieving net-zero carbon emissions from international shipping by or around 2050.
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CIMC Enric reported Q1 2025 revenue of RMB 5.765 billion, up 24.4% YoY, driven by a 33.4% increase in its clean energy segment. The offshore clean energy business grew 80.0% to RMB 1.306 billion, while overseas revenue rose 40% to RMB 1.446 billion.
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CIMC Enric reported H1 2024 revenue of RMB 11.48 billion, up 6.7% YoY, with backlog orders hitting a record RMB 29.35 billion. Clean energy revenue grew 25.1% to RMB 7.88 billion, while hydrogen revenue rose 65.2% to RMB 450 million.
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Nine Japanese companies launched the Ship Carbon Recycling Working Group within the CCR Study Group to explore methanation technology for zero-emission ship fuels. The group aims to assess the feasibility of a carbon recycling supply chain to reduce greenhouse gas emissions in sea transportation.
