China Cosco Shipping is set to work with Charoen Pokphand Group (CP) and the US's Freeport Commodities in the production of green methanol.

The shipping giant disclosed in a social media post that a memorandum of understanding has been inked between the three parties.

Bangkok-based Charoen Pokphand is a Thai conglomerate, while Stamford-based Freeport Commodities is a trading company that trades and finances physical commodities and provides supply services and structured solutions.