Recently, the Shanghai Chemical Industry Park project, jointly developed by Huayi, Shenergy, Chengtou, and Shanghai Port, utilizes urban waste as raw material to provide green bunkering services for Shanghai Port's shipping industry. Concurrently, Shenergy Group is advancing a biomass gasification pilot project, with future plans to explore the green hydrogen plus CCUS pathway, targeting a bunkering capacity of 1 million tons. From January to September 2025, green methanol bunkering at Shanghai Port exceeded 7,000 tons, marking the transition to regular operations.

PriceSeek's analysis of methanol shows a bullish-bearish score of 1.5. The article describes how the Shanghai Chemical Industry Park project produces green methanol from urban waste to serve bunkering needs, with a target of 1 million tons of bunkering capacity. The fact that green methanol bunkering exceeded 7,000 tons from January to September 2025 and has entered regular operations 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.