Why shipping is opting for green hydrogen-based methanol?

Despite an upcoming crunch in available biogenic CO2 for e-methanol, extra costs for ammonia-fuelled vessels may swing the balance in the short term, says IEA report. Green ammonia and methanol — derived from renewable hydrogen — are widely expected to be used in the future to reduce greenhouse gas emissions from the highly polluting shipping

Maersk picks Guangzhou Wenchong for next series of methanol-fuelled ships

Maersk has picked a yard in southern China to build its next raft of methanol-fuelled ships. Alphaliner is reporting Guangzhou Wenchong Shipyard (GWS) has won a contract to build a number of 3,500 teu dual-fuel ships for the Danish carrier. Ultimately, with options, Maersk may order up to 12 ships at the yard with the

KR okays HMM’s methanol dual-fuel retrofit design

Classification society Korean Register (KR) has awarded approval in principle (AiP) for the methanol dual-fuel retrofit design of HMM’s 16,000 TEU containership. As informed, the ceremony for the AiP was held on December 22. The retrofit design of the 16,000 TEU containership which will be powered by methanol was developed in collaboration with HD Hyundai

Sumitomo Chemical constructs plant for converting CO2 to methanol

Sumitomo Chemical, based in Tokyo, Japan, has successfully finalized the construction of a pilot facility designed to establish a highly efficient process for producing methanol from carbon dioxide (CO2). The facility, situated at the Ehime Works in Niihama City, Ehime Prefecture, Japan, has now initiated its operational phase. Sumitomo Chemical’s strategic objectives involve completing the

COSCO signs for methanol engine retrofits at Marintec China

COSCO Shipping has signed up a series of its containerships for a methanol dual-fuel revamp at the Marintec China exhibition in Shanghai. COSCO Group shipyard COSCO Shipping Heavy Industry has selected Germany’s MAN Energy Solutions and Finnish marine technology provider Wartsila for the project. The deal covers four 13,800 teu and four 20,000 teu ships

Maersk to deploy first large methanol-enabled vessel

A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination. The

Methanol engine secures bulker orders

Japan’s Tsuneishi Shipbuilding Co., Ltd. has ordered 3 × MAN B&W 7G50ME-C9.6-LGIM (-Liquid Gas Injection Methanol) main engines in connection with the building of 3 × 81,200 dwt bulk carriers for Danish shipping company, J. Lauritzen. Each engine will feature MAN Energy Solutions’ proprietary EGRBP (Exhaust Gas Recirculation ByPass) emissions-reduction technology. MITSUI E&S will build

Wärtsilä enables acceleration of marine’s transition to sustainable fuels

Technology group Wärtsilä will introduce another four methanol engines to its portfolio, setting a new industry benchmark with the broadest methanol engine portfolio currently on the market. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä will add the Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS to its portfolio of

Petrobras to explore business opportunities for e-methano

Petrobras signed a Memorandum of Understanding (MoU) with Danish company European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil. Petrobras said that e-methanol is a low-carbon substance that can be used in various industrial processes and as a fuel, especially for maritime transport. It is produced from various renewable sources

Global methanol market to reach value of $54.6 billion by 2030

Allied Market Research reported that the global methanol market is anticipated to generate $54.6 billion by 2030. The report stated that the industry was valued at $35.3 billion in 2021 and is expected to expand at a CAGR of 5.06% during the forecast period of 2022 to 2030. The report states that the Asia-Pacific region