Danaos orders four methanol-ready container ships

Greek containership owner Danaos Shipping has signed a deal with South Korea’s Daehan Shipbuilding for the construction of four 7,200 teu vessels. The four vessels are expected to be delivered to Danaos in the first half of 2024. Greece-based independent shipowner Danaos has a large fleet of container ships and said the order was a

German start-up raises growth capital to produce green methanol

In Germany, the climate tech start-up C1 has raised growth capital from well-known investors. The first chemical process that C1 has developed using its technology platform is a much more efficient and sustainable process for producing methanol. The alcohol has been an important basic material in the chemical industry since the beginning of industrialization. C1

Maersk and its partners to establish pilot green methanol plant in Singapore

Six leading companies have formed a partnership that aims to establish Asia’s first green e-methanol plant which converts captured biogenic carbon dioxide (CO2) into green e-methanol, a low carbon fuel, that could enable a significant reduction in greenhouse gas emissions. The pilot plant will be set up in Singapore pending successful conclusion of feasibility studies

Research focuses on developing cleaner fuels from CO2

Using the planet’s air to create new chemicals for fuel, and other essential chemical products is the bold ambition of a new research project from the University of Surrey. The project aims to capture carbon dioxide (CO2) directly from the air and use dynamic catalysis to create methanol – a valuable chemical that, made this

Caterpillar to put money on developing methanol engine technologies

Engine maker Caterpillar announced it is investing to develop methanol engine technologies as the commercial maritime sector continues to engineer and implement new solutions to reduce emissions. The company called the cleaner burning fuel a key to decarbonization in the marine industry. Compared to conventional fuels, methanol produces fewer emissions such as SOx, NOx and

Methanol-powered vehicles testing begins in China

China’s Zhejiang Geely Holding Group started testing three methanol-powered vehicles in Demark with a goal of selling the vehicles in European markets. The three models, two Geely-badged Emgrand compact sedans and one Farizon-brand M100 heavy-duty truck, will undergo testing for 15 months. The methanol vehicles have already been tested and passed China’s State VI emissions

Wartsila to deliver first dedicated methanol fuel supply system

The technology company Wartsila has developed a dedicated fuel supply system for methanol, MethanolPac, as interest grows in the methanol pathway to decarbonisation. Combined with the recently introduced Wartsila 32 Methanol engine and the company’s well-proven retrofit and system integration capabilities, MethanolPac enables Wartsila to deliver methanol-capable fuel and power systems across a wide range

Methanol-ready boxships for Danos

Greek containership owner Danaos Corporation has ordered two methanol ready 7,100 TEU containerships in China. As informed, the vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the second and third quarters of 2024. The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and China

Maersk needs 730,000t of methanol per annum by 2025

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, has partnered with six energy companies to jump-start the green methanol market and help the shipping giant ditch fossil fuels. Maersk will be able to buy at least 730,000 tons of methanol per year by the end 2025, the Copenhagen-based company said on Thursday. That’s

ADNOC, Proman to develop methanol facility

ADNOC, Abu Dhabi National Oil Company signed an agreement with Proman, world’s leading producers of methanol, to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. Under the terms of the agreement, Abu Dhabi Chemicals Derivatives Company RSC Ltd. (“TA’ZIZ”) and Proman will construct a natural gas to