Singapore: Golden Island, GET, and PetroChina to receive methanol bunkering licences
- Published
by Admin
The Maritime and Port Authority of Singapore (MPA) on Monday (24 November) said it will issue licences to supply methanol as marine fuel in the Port of Singapore from 1 January 2026, following the Call for Applications launched in March 2025.
Licences will be awarded to Global Energy Trading Pte Ltd (GET), Golden Island Pte Ltd, and PetroChina International (Singapore) Pte Ltd.
MPA said this marks an important step towards establishing methanol bunkering at scale and driving Singapore’s ambition to be a sustainable multi-fuel bunkering hub.
The three companies were selected from a total of 13 applicants through a comprehensive evaluation process that assessed supply chain reliability, operational readiness, safety systems, and the sustainability certification of the methanol to be supplied.
“The strong interest reflects the sector’s growing focus on lower-emission marine fuels,” MPA said in a statement.
The licences will be valid for a five-year period, from 1 January 2026 to 31 December 2030, subject to successful applicants meeting relevant licensing conditions.
The five-year period supports the early development of methanol bunkering by giving licensees sufficient scope to build capabilities, strengthen supply chains, and anchor initial investments as the market develops.
“MPA will continue to review the licensing framework, incorporating operational experience, technological developments, and evolving international standards so that the framework remains demand-responsive, practical, robust, and aligned with global standards and developments,” it added.
Photo credit: Manifold Times
Published: 24 November, 2025
