Why does Andrew Forrest believe China should take a stronger leadership role in advancing the International Maritime Organization's green shipping fuel proposal?

Andrew Forrest believes China should 'really lean forward' on the IMO's green shipping fuel proposal because the US—'the world’s largest oil and gas producer'—has strong vested political interests opposing the global shipping industry's decarbonization, as evidenced by its opposition that caused the IMO to postpone the emissions fee decision by a year; meanwhile, China is heavily investing in green hydrogen and related fuels like green ammonia, which stand to benefit directly from binding international demand signals created by such a policy.

What is the current gap between China's green ammonia production capacity and actual output, and what does it indicate about market demand?

In 2025, China's hydrogen output rose by only 11,000 tons despite adding 44,000 tons of production capacity, indicating that many green hydrogen projects are operating at only a fraction of their full utilization—a sign that securing sufficient demand for green ammonia and related fuels remains a major challenge, even as BloombergNEF projects China will produce 5 million tons of green ammonia by 2030.

Mining Billionaire Calls on China to Push Green Ship Fuel Deal

Jun 23, 2026

Andrew Forrest urges China to push stalled IMO green shipping fuel deal, highlighting green hydrogen and ammonia potential despite current utilization gaps in China's production capacity.

bloomberg

2026-06-23

Mining Billionaire Calls on China to Push Green Ship Fuel Deal

Mining Billionaire Calls on China to Push Green Ship Fuel Deal

FAQ