Wah Kwong Maritime Transport Limited has officially launched Venture Energy Limited, a new subsidiary dedicated to the procurement and trading of clean fuels. Based in Hong Kong, Venture Energy aims to connect clean fuel producers in China with global end-users. The subsidiary plans to develop plant projects and procure products for both downstream customers and potential future needs of Wah Kwong and other shipping companies.
Venture Energy enhances its offerings by providing supply-chain services, facilitating an end-to-end solution for producers looking to reach customers at major bunkering ports across Asia. Starting in late 2026, Venture Energy anticipates offering methanol supply from a range of plants that comply with ISCC EU regulations and meet Tier 2 surplus Carbon Intensity requirements as per MEPC 83. Currently, the company has nearly 500,000 tonnes per annum of supply under memorandum of understanding and is focused on developing a competitively priced portfolio.
The operational development of Venture Energy will be spearheaded by General Manager Deepak Devendrappa, who previously served as the Global Director of Low Carbon Markets at Methanex Corporation. Additionally, Greg McMillan, former Investment Director at Wah Kwong, will operate as the Executive Director of Venture Energy. This initiative is aligned with Wah Kwong’s strategy to diversify its offerings and promote clean energy solutions within the maritime industry.
Executive Chairman Hing Chao emphasized the urgency of investing in diversified solutions to support the industry’s decarbonization efforts in light of the recent directives from MEPC 83. Devendrappa underscores the potential for increasing the availability of green fuels and highlights the importance of collaboration with partners in the maritime decarbonization journey. McMillan confirmed the company’s commitment to delivering competitively priced clean fuels and acknowledged the trust of their early partners, setting the stage for collaborative growth in this emerging market.