Veolia partners with shanghai port group and venex to sign strategic cooperation agreement on green fuel supply, accelerating energy transition implementation

To actively respond to China "Dual Carbon" goals and the green transition strategy requirements for the shipping industry.Veolia China and Shanghai International Port Group Energy (Shanghai) Co., Ltd.VENEX Co., Ltd. has officially signed the "Strategic Cooperation Agreement on Green Fuel Supply."Join hands to create a comprehensive green methanol supply and distribution network, and jointly build a full-process green fuel supply ecosystem from production to refueling.

According to the agreement, the three parties will rely on Veolia's expertise in local decarbonization energy solutions and its global decarbonization experience, as well as the Shanghai International Port Group's leading advantages in port energy infrastructure.VENEX's expertise in the production and operation of green methanol will be combined to create a comprehensive green methanol supply and distribution network, building an end-to-end green fuel supply ecosystem from production to marine bunkering.

Through the collaborative development of the green methanol industry chain, this cooperation will provide sustainable fuel solutions for port and shipping enterprises, gradually reducing the industry's reliance on traditional fossil fuels, promoting a deep transition towards low-carbon development in the port and shipping industry, and assisting in forming a green and low-carbon industrial ecosystem in the transportation sector.

Ms. Estelle Brachlianoff, CEO of Veolia Global（Estelle Brachlianoff） ：“Veolia is pleased to support Shanghai Port in becoming a global leader in the sustainable green fuel supply sector with its advanced technology and extensive experience, aiding the decarbonization process of the port and shipping industry. This collaboration is completely in line with Veolia's...The goal of the GreenUp strategy is to develop local energy resources and provide cutting-edge environmental solutions.

Vice President Yang Zhiyong of Shanghai SIPG Group : “As a leading company in China's port energy infrastructure industry, Shanghai International Port Group Energy will take this strategic cooperation as an important opportunity to join hands with Veolia.VENEX is working to build an all-encompassing green fuel supply system across the entire industry chain, aiming to establish the Port of Shanghai as a benchmark demonstration base for green fuel applications, providing solid support for China's port and shipping industry to achieve its dual carbon goals.”

Mr. Huang Weiyi, Chairman of VENEXDisplay:“VENEX, with its profound expertise in green methanol production technology and operational management, will deeply integrate into the construction of the green fuel full industry chain ecosystem. It will collaborate with Veolia and Shanghai International Port Group Energy to systematically build the green methanol supply chain and sales service network, contributing its professional strength to the deep transformation and upgrade of the port and shipping industry towards low-carbon sustainable development.”

Mr. Gu Jinshan, President of the China Ports and Harbors AssociationHe expressed high recognition of this cooperation, stating:“Promoting the use of clean fuels such as green methanol is essential for the maritime industry.The key pathway to the 'dual carbon' targets. Through this tripartite cooperation, by integrating global environmental resources and local port infrastructure advantages, the ability of green fuel supply assurance at the Port of Shanghai will be significantly enhanced. This also provides a replicable and promotable practical example for the low-carbon transition of the port and shipping industry in China and globally.。”

Ms. Gu Lihua, CEO of Veolia China, Mr. Luo Wenbin, Chairman and General Manager of Shanghai International Port Group Energy Co., Ltd.Mr. Man Fai Sham, CEO of VENEX, signed the cooperation agreement.；Estelle, CEO of Veolia GroupMs. Bai Liannuo, Mr. Gu Jinshan, Chairman of the China Ports and Harbors Association, and Mr. Huang Weiyi, Chairman of VENEX, witnessed the entire signing ceremony.。

Regarding Veolia

Veolia Group is committed to becoming a benchmark company for global ecological transformation. The Group has nearly...Veolia, with 215,000 employees, designs and implements practical and effective solutions in the fields of water, waste, and energy management. Through these three complementary business areas, Veolia achieves its vision of obtaining, protecting, and replenishing resources. In 2024, Veolia Group will provide drinking water to 111 million people, sewage treatment services to 98 million people, produce nearly 42 million megawatt-hours of energy, and recycle 65 million tons of waste. Veolia Environment Group (Euronext Paris: VIE) will achieve consolidated revenue of 44.7 billion euros in 2024. www.veolia.com

About Veolia China

Veolia Group is a global leader in ecological transformation. Since the last century...Since entering the Chinese market in the early 1990s, Veolia has been committed to providing comprehensive and efficient environmental solutions for urban and industrial sectors, covering water, waste, energy management, new energy, and circular economy. Working together with various stakeholders, it aids in China's green and low-carbon transition. Currently, Veolia Group has over 8,000 employees in China, with operations spanning nationwide. In 2024, Veolia is expected to avoid approximately 500,000 tons of carbon emissions in China. www.veolia.cn

Shanghai International Port (Group) (Shanghai International Port Group Co., Ltd.)

Shanghai International Port (Group ) Co., Ltd. (English abbreviationShanghai International Port Group Co., Ltd. (SIPG), established in 1988, is the primary operator of public terminals at the Port of Shanghai and is one of the largest port enterprises in mainland China. The company was listed on the Shanghai Stock Exchange on October 26, 2006, becoming the first fully-listed port joint-stock enterprise in the country. SIPG's main business is divided into four segments: container terminal operations, bulk cargo terminal operations, port logistics, and port services, covering a complete port logistics industry chain including terminal loading and unloading, warehousing and storage, shipping agency, and land transportation agency. Headquartered in Shanghai, the company is committed to building a globally leading smart and green port, serving China's foreign trade and international shipping hub construction. SIPG Energy (Shanghai) Co., Ltd., established on November 7, 2023, is a wholly-owned subsidiary of SIPG. As the integrated management platform for SIPG's energy segment and the investment and operation entity for the Shanghai Port Green Energy Center, it owns the world's leading LNG bunkering vessel "Harbor Future" and the world's largest green methanol bunkering vessel "Harbor Ambition," capable of providing "ship-to-ship" LNG bunkering and methanol bunkering for international navigation vessels.

VENEX Company Limited

VENEX Company Limited was jointly established by The Hong Kong and China Gas Company Limited (Towngas) and Foran Energy Group Co., Ltd. (Foran) on June 30, 2025, and indirectly holds 100% of its equity. The company focuses on the investment, development, and operation of green fuel and chemical projects, covering core businesses such as research and development, production, sales, and export. As a leading large-scale green methanol production enterprise in Asia, VENEX actively responds to the national new energy strategy, contributes to achieving carbon neutrality goals, and provides high-quality green fuel and chemical solutions for the shipping and chemical industries.