PCI and PaxOcean to collaborate with ABS for decarbonization

Singapore’s Pacific Carriers Limited (PCL) is among the growing number of vessel operators looking at methanol fueling as a path to decarbonization. Along with shipyard group PaxOcean Holdings Pte Ltd it is collaborating with ABS on a new joint development project (JDP). Both PCI and PaxOcean are members of the Kuok Group.

The partnership with ABS and PaxOcean is part of PCL’s commitment to achieve carbon neutrality by 2050 or earlier. With methanol gaining maturity as a marine fuel, we believe it has great potential to significantly reduce our carbon footprint in the short to mid-term. The study will serve to identify the options we have to adapt our existing ships to handle methanol effectively and safely.

The collaboration brings together collective expertise that allows us to work alongside to accelerate the potential use of methanol as a future alternative fuel for ships which will significantly reduce Singapore’s carbon footprint.