June 12, 2025 [Tank Storage]- Stolthaven Terminals, through its joint venture Tianjin Stolthaven Lingang Terminal (Stolthaven Lingang), has signed a Memorandum of Understanding (MoU) with Itochu Corporation to collaborate on storage and logistics solutions for green methanol. This strategic partnership will focus on supporting the growing demand for low-carbon fuels through the development of a methanol bunkering system and enhancing methanol export capabilities.
Stolthaven Lingang has world-class terminal infrastructure and a strategic location in the Tianjin Lingang Industrial Zone in China. Through this MoU with Itochu, Stolthaven Lingang will seek to strengthen the supply chain infrastructure needed for alternative fuels. Methanol is emerging as a viable marine fuel due to its lower carbon intensity and existing ease of handling, and the development of methanol bunkering services is expected to serve the increasing demand from the shipping sector.
Selenna Xu, general manager, Tianjin Stolthaven Lingang Terminal says: ‘This strategic partnership represents a pivotal step in building a green energy storage and transportation ecosystem in Northern China. By combining our terminal network and service innovation with Itochu’s global expertise, we aim to drive forward the development of a green energy hub for the region, with export capabilities beyond China.’
Satoshi Tojo, general manager at Itochu Corporation comments: ‘Itochu Corporation is committed to advancing the green methanol value chain through strategic partnerships and innovation. By leveraging our extensive global network and expertise in the energy and chemicals sectors, we are well-positioned to significantly contribute to the transition towards cleaner fuels. This partnership with Stolthaven Lingang is a crucial step in establishing a green energy hub in Northern China, and we believe it will be a significant step towards the international clean energy transition by capitalising on the synergy with Stolthaven Terminals.’
Mark Lim, Stolthaven Terminals business development manager for Asia adds: ‘As global demand for low-carbon fuels accelerates, Stolthaven Lingang is uniquely positioned to support the green methanol value chain through its strategic location, world-class infrastructure, and commitment to safe, sustainable logistics and customer-centric solutions. This collaboration with Itochu Corporation aligns with our ambition to be a key enabler of the energy transition, providing the flexible and reliable terminal services needed to connect producers, end users, and stakeholders across the value chain.’
Stolthaven Terminals is currently developing a number of projects to provide storage solutions for hydrogen, ammonia and green methanol, including its new joint-venture terminal in Taiwan, and a potential project in partnership with the Pecém Industrial and Port Complex in Brazil to develop a terminal focused on storing and handling green hydrogen and associated products such as ammonia.
