Methanol may give boost to agenda on Hydrogen adoption

In what may push the agenda to promote the adoption of hydrogen as an alternative fuel and help the country meet the carbon emission targets under the latest COP26 agreement, experts have found a way to reduce the overall cost of hydrogen production and transportation by more than half. Methanol, used as a clean fuel

Boskalis secures €24 mn research grant to advance emission-free shipping

A broader maritime consortium in which Boskalis is participant has been awarded a EUR 24 million grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry. Methanol can enable significant reductions in CO2 emissions compared to traditional fuels and is viewed within the international maritime sector as

Methanol’s growing traction as alternative shipping fuel

Among the mix of possible alternative fuels available for marine use, methanol—a chemical building block for hundreds of everyday products—is fast emerging as an attractive option for shipping companies looking to reduce their carbon footprint and meet sector-wide emissions targets. In November 2020, the International Maritime Organization announced that it aims to reduce absolute shipping

Methanol market is projected to increase $66.06 bn by 2030

The latest independent research document on Methanol Market Size by Derivatives (Formaldehyde, Acetic Acid, Gasoline, Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP), Biodiesel, Others), Application (Automotive, Construction, Electronics, Paints and Coatings, Marine, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030 announced by The Brainy Insights is a great composition of a detailed examination of the

Maersk showcases design of its methanol powered box ships

Maersk Line, the world’s biggest container shipping company, on Wednesday show-cased the design of eight carbon neutral, methanol powered huge box ships it has ordered at South Korea’s Hyundai Heavy Industries. The carrier owned by Danish shipping and transport behemoth A P Moller Maersk Group A/S said it is “a very meaningful and impactful first

World’s first methanol-fuelled towboat to launch in 2023

Maritime Partners in cooperation with Elliott Bay Design Group,  e1 Marine, and ABB, today announced that the M/V Hydrogen One, the world’s first methanol-fuelled towboat, will join Maritime Partners’ fleet and become available for charter in 2023 to meet the pressing demand for sustainable towboat operations. Decarbonising the towboat sector poses substantial challenges, particularly due

Methanol to be available for shipowners from 2024

German engine manufacturer MAN Energy Solutions has revealed its plans to work on upgrading its four-stroke engines to run on green future fuels, including methanol and ammonia. As informed, the company will in due course enable shipowners to use so-called “future fuels” –such as ammonia, methanol and hydrogen – also produced in a climate-neutral manner.

Geely introduces methanol-powered truck

Geely, a Chinese manufacturer that owns brands such as Volvo and Lotus, among others, presented a concept truck that will be a direct rival to Tesla Semi. However, unlike Elon Musk’s truck, which is basically electric, the so-called “Homtruck” promises to be more versatile as it also uses a range extender and a version with

Flex-fuel engines will become mandatory in coming days: Nitin Gadkari

Union transport minister Nitin Gadkari has been stressing to substitute ethanol in vehicles as a cost-effective and pollution-free fuel and also stated that flex-fuel engines will become mandatory in the coming days. In a recently conducted event, Gadkari mentioned a Russian technology through which the calorific value of petrol and ethanol can be equalised. He

Methanol – a bright future as a marine fuel

Drewry believes methanol can play a major role in meeting the IMO’s emissions reduction targets for the maritime sector for 2030 and zero-emission targets for 2050. By 2023, the goal for the sector is to reduce the emission of greenhouse gases (GHG) through fuel-efficiency, slow-steaming and using LNG as fuel, among others. However, to meet