Shippers now preferring green methanol to cut emissions

Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fall. The first green methanol-fuelled container ship, owned by A.P. Moller-Maersk, sailed from South Korea in July. The number of such vessels is expected to exceed

Green methanol-powered ship on its maiden voyage docks in Egypt

The world’s first containership powered by green methanol has reached East Port Said, Egypt, its third bunkering stop on its maiden journey from Ulsan, South Korea to Copenhagen, Denmark. The ship, owned by industry major Maersk, arrived at the port on Tuesday, August 15, the Suez Canal Economic Zone (SCZONE) said. Maersk also shared footage

SunGas invests $2bn to construct green methanol plant

SunGas Renewables has invested $2bn to construct a new green methanol production facility in central Louisiana which will fuel Maersk’s fleet of methanol-powered container vessels. In order to do this SunGas formed a new wholly-owned subsidiary, Beaver Lake Renewable Energy (BLRE), which will be in charge of the construction of the facility. BLRE is expected

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

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

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

Maersk signs MOU with SIGP for green methanol bunkering

A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai port’s methanol marine fuel project. The two parties will collaborate to explore green methanol fuel vessel-to-vessel bunkering operations after Maersk’s green methanol container vessels arrive in 2024. Maersk and SIPG will deepen cooperation in

OCI, Unibarge partner to develop dual-fueled green methanol bunker barge

OCI N.V. has partnered with Unibarge to develop Europe’s first dual-fueled methanol propelled bunker capable barge, which will be in service in the Port of Rotterdam. The Port of Rotterdam is the largest seaport in Europe with approximately 30,000 visiting seagoing vessels and 100,000 inland vessels per year. The deployment of the retrofitted barge is

C1 start-up raises growth capital from Maersk

The Climate tech start-up C1 has raised growth capital from Maersk Growth, the Venture Capital Arm of A. P. Møller – Maersk to faster scale their ultra-efficient catalysis, which will enable the mass production of green methanol without the usual premium paid for sustainably produced methanol. Besides the ability to function as a carbon-based feedstock

NTPC signs MoU with Maire Tecnimont to produce green methanol

NTPC Ltd has entered into an agreement with the Indian subsidiary of the leading engineering & construction provider Maire Tecnimont Group, Italy to create a commercial scale green methanol production facility in India. The state-owned giant has signed a non-binding Memorandum of Understanding with Tecnimont Private Limited to jointly evaluate and explore the possibility of