UAE-based port operator the AD Ports Group, Egyptian container shipping line Transmar, and Cairo-based Orascom Construction have entered into a memorandum of understanding (MOU) for the development of a green methanol storage, export, and bunkering facility in the Suez Canal area.
The AD Ports Group said the new facility will supply low-carbon fuel for maritime transport.
The partnership will develop the facility to help promote the use of green methanol as an alternative to fossil fuels. This type of methanol is a synthetic fuel produced renewably and without polluting emissions, and can be produced from green hydrogen.
As a fuel, green methanol has several benefits compared to fossil fuels. It is clean-burning and has less and non-toxic emissions. As a liquid, it is easier, safer, and cheaper to store, transport, and handle, as existing infrastructure can be used. Green methanol is also a highly efficient and versatile fuel as it is produced from renewable feedstocks including renewable hydrogen and biomethane
Tags: AD Ports, Bunkering, Green Methanol, Suez Canal
Recent Posts
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India
Hutchison Ports BEST receives Lean and Green award for outstanding emissions reduction
India ranks 10th in list of 60 countries assessed for efforts to fight climate change: Report
SECI to collaborate with H2Global for green hydrogen
Maersk completes first large container vessel conversion to dual-fuel
Qair develops e-methanol project on Haropa port