MPC Capital orders green methanol-ready boxships

Hamburg-based asset and investment manager MPC Capital, together with partners, has ordered four container vessels at South Korean shipyard Hanjin Heavy Industries and Construction Group (HHIC). In October 2021, Hanjin Heavy said it secured a KRW 310.5 billion (about $261.8 million) order for the construction of the four containerships. However, back then, it did not

Govt plans to convert inland waterways and army trucks into methanol engines

The government is planning to convert its inland waterways and army trucks into methanol engines with an aim to promote alternative fuel to reduce India’s dependence on imported petrol and diesel. Top government official told that talks are on with Deccan Water Treatment to undertake the conversion of existing diesel engines into methanol as the

‘Thank God I won’t be on board’ – Maersk methanol ship design under fire

Maritime veterans do not appear to think much of Maersk’s new methanol vessel design, saying the forward-situated superstructure will cause a host of problems. Ex-ship’s captain Arjun Vikram-Singh, currently CEO of Quantum BSO, said: “Thank God I’m ashore,” and called the new design a “monster”. He added: “I hate to think of the poor souls

Govt inaugurates country’s first coal to methanol plant built by BHEL

Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India’s first BHEL-built ‘coal to methanol’ (CTM) pilot plant to the nation here, as part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, an official release said. Pandey also inaugurated an exhibition on ‘Products Developed under Aatmanirbhar Bharat’ organised at Bharat Heavy Electricals Limited’s

$36.3 bn Methanol markets by feedstock

The global Methanol market is estimated to be $30.7 billion in 2021 and is projected to reach $36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. Increase in demand of methanol from the end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation is propelling the growth of

Maersk opts for 4 more methanol-powered boxships

A.P. Moller – Maersk has declared options with South Korean shipbuilder Hyundai Heavy Industries (HHI) to build four additional 16,000 teu dual-fuelled vessels able to operate on carbon neutral methanol. The deal is worth close to KRW840bn (around $700m), Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of HHI, said in a regulatory

Gold catalyst helps transform methane into methanol, acetic acid

While some researchers are proposing the idea of using a platinum catalyst to keep methane out of the atmosphere, a group of British, Chinese and American scientists demonstrated, for the first time, the direct conversion of methane into methanol and acetic acid using a gold catalyst. In a paper published in the journal Nature Catalysis,

Rolls-Royce looks to methanol for climate-friendly shipping

Rolls-Royce business unit Power Systems is working on developing mtu engines for use with methanol. The company is looking at producing new high-speed four-stroke engines, which are based on proven mtu technologies and are planned to be available as soon as possible for use in commercial vessels. “With the new development of mtu methanol engines,

European Energy to build e-methanol and hydrogen bunker fuel plant

The Port of Hanstholm said it has taken the first step towards becoming Europe’s first CO2-neutral fishing port through a declaration of intent with Danish renewable energy developer European Energy. In addition to solar and wind energy plants, the company also wants to establish a Power-to-X plant for the production of e-methanol and hydrogen at

WinGD’s engines will run on methanol from 2024 and ammonia from 2025

Swiss engine designer WinGD, a leading developer of two-stroke low-speed gas and diesel engines used for propulsion power in merchant shipping, said that its engines will be able to run on methanol and ammonia from 2024 and 2025 respectively. WinGD’s multi-fuel solutions will be based on its well-established diesel-fueled X engines and dual-fuel X-DF engines.