MOL and Mitsubishi Gas agree on charter deal

Mitsui O.S.K. Lines (MOL) has signed a basic agreement with compatriot Mitsubishi Gas Chemical Company for a long-term charter of a dual-fuel methanol carrier. Since MOL delivered Japan’s first methanol carrier, the Kohzan Maru (first generation), to Mitsubishi Gas Chemical in 1983, the two companies have built a partnership centered on the ocean transport of

Vast and Mabanaft agree on green methanol

Australian renewable energy company Vast has executed a letter of intent with Hamburg-based fuels trader Mabanaft for potential offtake and equity investment in a green methanol demonstration plant called Solar Methanol 1 (SM1). Vast is developing the SM1 project in Port Augusta, South Australia which will deliver up to 7,500 tonnes per annum of green

Stolthaven terminals to explore green methanol bunkering hub

Stolthaven Terminals has signed a Memorandum of Understanding (MoU) in Australia to explore the commercial feasibility of establishing a green methanol bunkering hub at Port of Melbourne in Victoria. The MoU, led by Port of Melbourne, also includes Maersk, ANL (a subsidiary of CMA-CGM), Svitzer, HAMR Energy and ABEL Energy. Together, the companies will examine

Egypt and Norway agree for green methanol project

Egypt signed a joint development agreement with Norway’s Scatec to establish the country’s first green methanol production project in Damietta Port with investments worth around $450 million. The project is the “first of its kind” in Egypt and the Middle East and will “contribute to placing Egypt on the global map of nations that produce

Proman to choose methanol for its future fleet

Proman’s shipping division plans to make an eventual full switch to methanol from conventional oil-based fuels, betting on methanol’s potential decarbonization effects and proven propulsion technology. The Switzerland-headquartered methanol producer has established a 50-50 joint venture with Swedish tanker firm Stena Bulk, Proman Stena Bulk, to operate six MR dual-fuel tankers capable of running on

A.P. Moller-Maersk to celebrate first green methanol vessel

To celebrate the world’s first container vessel sailing on green methanol, A.P. Moller – Maersk will host a week of festivities, including the name-giving event and other activities September 18-21 in Copenhagen, Denmark. The 2,100 TEU feeder vessel is a small piece of history in the shipping industry. The dual-fuel engine vessel will pause in

First barge-to-ship methanol bunkering completed

 Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, announced the successful completion of the first ever barge-to-ship methanol bunkering on the U.S. Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refueled with methanol via barge while discharging clean petroleum products at a terminal in

Svitzer and Caterpillar partner on methanol newbuilds

Svitzer and Caterpillar Marine signed a Memorandum of Understanding (MOU) to adopt solutions that enable Svitzer to utilize methanol in their fleet. The implementation of dual-fuel methanol engines focuses on new tugs as well as conversions of existing Cat-powered tugs, which comprise the majority of Svitzer’s fleet. With a relationship spanning numerous decades, this agreement

Berge Bulk, ABS agree to retrofit bulk vessel to methanol propulsion

ABS and Berge Bulk (BB) have signed a joint development project (JDP) to evaluate the feasibility of converting a bulk vessel to methanol fuel propulsion. As disclosed, the agreement which will see BB and ABS explore the possibility of retrofitting the 300-meter-long heavy fuel oil-propelled bulk carrier Berge Mauna Kea to operate on methanol fuel.

Lego to use green methanol for plastic bricks

Lego, a Daish toymaker, agreed to buy e-methanol for use in its colorful plastic bricks. E-methanol is a lower-carbon alternative to conventional plastic ingredients.The company has agreed to start using e-methanol when the world’s first large-scale plant starts operations next year. European Energy, which is developing the plant in Aabenraa, Denmark, said Danish drugmaker Novo