China’s state-owned shipping behemoths are going hard after methanol as a future fuel.
To this end, COSCO, the world’s largest shipowner, has teamed with three other state-run firms – State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) – to develop a green methanol industrial chain which will comprise the production, transportation, refuelling, and certification of green methanol for ships.
COSCO recently placed an order for 12 methanol dual-fuel container ships, each with a capacity of 24,000 teu.
Earlier this month, China Merchants, the nation’s number two owner, ordered the world’s first methanol dual-fuelled VLCC. China Merchants also has methanol-powered car carriers and aframaxes on order.
Tags: CCIC, Cosco, Methanol, SPIC
Recent Posts
India to develop roadmap post-20% ethanol blending target: Hardeep Singh Puri
Gensol Engineering partners with Matrix Gas to develop first green hydrogen steel facility
WFS introduces biofuel to reduce GSE carbon emissions by 80%
Ammonia-powered engine to be developed for medium-speed marine applications
MPA and IRENA Collaboration Energy Transition for Maritime and Port Industries
ELIRE Infra’s floating infrastructure to accelerate netzero goals
Hanwha Ocean partners with GCMD for maritime decarbonisation
BW LNG secures e-procurement deal with Procureship for global LNG fleet