Methanol as fuel for shipping gets support from COSCO and Bill Gates

Chinese giants COSCO and China Merchants are looking at Methanol as fuel for shipping, while Bill Gates has also invested in tech to support the switch. The Danish startup Blue World Technologies has just raised €37m ($36.9m) from investors including Breakthrough Energy Ventures, which is backed by Bill Gates, to help it scale up production

Cosco and DSIC float methanol-fuelled VLCC design

China’s Cosco Shipping Energy Transportation (CSET), the tanker operation unit of Cosco Shipping Group, and Dalian Shipbuilding Industry Co (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), have developed a methanol-fuelled very large crude carrier (VLCC). The vessel’s conceptual design is based on the latest generation of 310,000 dwt VLCCs designed and built by