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Alternative Fuels

HyFive signs term sheet to offtake up to 50% of output from Gijón e-methanol plant

For maritime and aviation players facing fast‑approaching compliance milestones, Hy5 says securing access early to robust e‑fuel supply is rapidly becoming a strategic necessity.

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HyFive signs term sheet to offtake up to 50% of output from Gijón e-methanol plant

Renewable hydrogen and e-methanol producers HyFive on Tuesday (17 March) announced the signing of a comprehensive term sheet for the offtake of up to 50% of the production from its Musel GreenMet project in Gijón, at an agreed and mutually acceptable price range.

HyFive is a vertically integrated company focused on developing strategically located, industrial-scale renewable hydrogen and hydrogen derivatives—such as e-methanol—for the chemical, shipping, and aviation industries across the Iberian Peninsula and other Southern European countries.

The company said the signing marked a significant milestone for its company and for the e‑methanol sector. 

“The market is clearly moving from initial expressions of interest toward more substantial commercial commitments — admittedly at a slower pace than many anticipated, but steadily and with increasing depth,” HyFive said. 

By locating its projects in major port areas, HyFive said it can leverage synergies with established infrastructure operators, enhance cost competitiveness, and ensure efficient downstream logistics. 

These elements strengthen the economic resilience of its project pipeline and allow the company to continue advancing with confidence.

 At the same time, Hy5 said the regulatory momentum across Europe is unmistakable. 

“With RED III, FuelEU Maritime and ReFuelEU Aviation, the shift toward renewable fuels — including e‑methanol and methanol‑to‑jet SAF — is no longer a question of ‘if’, but ‘when’,” it added.

Yet one crucial point remains underestimated by many market participants: When demand becomes fully activated, alternative fuels will be structurally scarce.

  • The pipeline of credible, large‑scale projects is limited.
  • Development cycles are long, capital‑intensive, and subject to high technical scrutiny.
  • Not all projects announced today will reach final investment decision — let alone deliver molecules at scale before 2030.

As highlighted recently by several industry voices — including major shipowners and downstream users — those waiting for “perfect certainty” risk finding themselves in a market where availability, not price, becomes the defining constraint.

“For maritime and aviation players facing fast‑approaching compliance milestones, securing access early to robust e‑fuel supply is rapidly becoming a strategic necessity,” the company added. 

“The term sheet we have signed is a clear example of how forward‑looking partners are already positioning themselves.”

 

Photo credit: HyFive
Published: 19 March, 2026

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Alternative Fuels

GCMD, Equinor to combine expertise on alternative bunker fuels, decarbonisation solutions

Equinor brings extensive experience to partnership as a vessel charterer and marine fuel supplier, including chartering dual-fuel LNG and methanol tankers, testing biofuels and supplying methanol.

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GCMD, Equinor to combine expertise on alternative bunker fuels, decarbonisation solutions

The Global Centre for Maritime Decarbonisation (GCMD) and Equinor on Tuesday (22 September) announced a five-year Impact partnership.

The partnership brings together GCMD’s capabilities in conducting real-world maritime pilots with Equinor’s experience as a charterer, energy provider and developer of low-carbon solutions.

Together, the organisations will leverage their complementary expertise to help address technical and operational gaps in scaling alternative marine fuels and supporting the development and uptake of other maritime decarbonisation solutions.

GCMD’s work on alternative fuels, including biofuels, ammonia and methanol, focuses on two critical aspects of deployment: operational safety and robust monitoring, reporting and verification (MRV). Its pilots and studies are generating operational data to support safe bunkering and handling of these fuels. 

At the same time, its assurance work seeks to strengthen confidence in quantity, quality and GHG emissions abatement.

“Equinor brings extensive experience as a vessel charterer and marine fuel supplier. This includes chartering dual-fuel LNG, LPG and methanol tankers, testing and using biofuels and supplying methanol to the maritime sector,” GCMD said.

Equinor is also piloting the use and supply of ammonia as a marine fuel, contributing to the development of associated safety, regulatory and bunkering arrangements.

Combining these perspectives can help address practical barriers to alternative fuels deployment while strengthening assurance across emerging marine fuel value chains.

Beyond alternative fuels, GCMD is working to accelerate the adoption of solutions that can reduce emissions from the existing fleet, including energy efficiency technologies (EETs) and onboard carbon capture and storage (OCCS).

GCMD’s work on EETs includes quantifying real-world fuel savings from technologies such as wind-assisted propulsion systems and developing financing mechanisms to scale their adoption. In OCCS, Project CAPTURED demonstrated an end-to-end value chain for onboard captured and liquefied CO₂, generating evidence that contributed to the recognition of captured CO2 under the EU ETS and in-principle support at the IMO for recognising carbon mineralisation as permanent storage.

Equinor brings decades of experience in offshore CO₂ storage, including its role in the development and operation of Northern Lights, the world’s first cross-border CO2 transport and storage facility, where liquefied CO₂ is transported by ship to an onshore receiving terminal before it is sent by pipeline for permanent geological storage beneath the North Sea.

Through the partnership, GCMD and Equinor will explore opportunities to combine their respective capabilities and experience to support the deployment and scaling of maritime decarbonisation solutions.

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 23 September, 2026

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Decarbonisation

Wah Kwong NatPower, AREL partner on maritime electrification in Hong Kong

Collaboration will examine opportunities to deploy shore power facilities, vessel charging infrastructure and battery energy storage solutions, alongside the development of electric vessels.

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Wah Kwong NatPower, AREL partner on maritime electrification in Hong Kong

Wah Kwong NatPower (WK NatPower) on Tuesday (22 September) said it has signed a Memorandum of Understanding (MoU) with Aberdeen Restaurant Enterprises Limited (AREL) to explore the electrification of piers, vessels and supporting energy infrastructure in the Aberdeen area of Hong Kong.

Against the backdrop of the HKSAR Government’s latest policy direction to advance green shipping, smart port development and shore power infrastructure, WK NatPower and AREL will explore the development of an integrated marine electrification ecosystem in the Aberdeen and Shum Wan areas. 

The collaboration will examine opportunities to deploy shore power facilities, vessel charging infrastructure and battery energy storage solutions, alongside the development of electric vessels for future transport and tourism services.

The initiative supports Hong Kong to become a leading hub for sustainable maritime innovation while contributing to the revitalisation of one of the city’s most iconic waterfront communities. As an initial phase of the collaboration, the two parties will explore the opportunity for the construction of a series of electric vessels and transport vessels. 

The initiative will also examine the potential deployment of the ApliAber® electric vessel fleet as a new benchmark for sustainable waterfront mobility and hospitality experiences in Hong Kong.

Vincent Ni, General Manager of WK NatPower, said: “This MoU marks an important step in supporting Hong Kong’s marine energy transition. Aberdeen has long been an iconic part of Hong Kong’s maritime heritage, and we are delighted to explore opportunities to develop integrated shore power and vessel electrification solutions that can support a cleaner and more sustainable future for the harbour.”

Wong Tai Yu, Director of AREL, said: “Through this collaboration, we look forward to exploring practical ways to introduce cleaner energy, electric vessels and sustainable waterfront experiences, while supporting the revitalization of Jumbo Kingdom® for future generations.”

 

Photo credit: Wah Kwong NatPower
Published: 23 September, 2026

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Ammonia

IMO technical seminar examines ammonia bunkering and infrastructure

Around 800 participants exchanged technical information and experiences on the potential use of ammonia as a marine fuel, including developments in production and bunkering and infrastructure.

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The International Maritime Organization on Tuesday (22 September) said international experts have shared their insight on the use of ammonia as marine fuel during an IMO technical seminar at IMO Headquarters in London (17 September). 

The seminar was organized by IMO’s Future Fuels and Technology Project (FFT Project) and brought together around 800 participants from IMO Member States, NGOs, IGOs, industry and academia, both in person and online. 

Professor Lynn Loo, Chief Executive Officer of the Global Centre for Maritime Decarbonization, moderated the event. 

Participants exchanged technical information and experiences on the potential use of ammonia as a marine fuel, including developments in production, bunkering and infrastructure, technology developments, notably on ammonia-fuelled engines and control of emissions, as well as safety and environmental considerations. 

Opening the seminar, David Osborn, Director of the IMO Marine Environment Division, highlighted the importance of technical knowledge in supporting discussions on alternative fuels.

“Sound policy must nevertheless rest on sound evidence. The decisions this Organization takes on alternative fuels depend on a clear and shared understanding of what the technology can do today, where the difficulties lie, and what remains unresolved,” he said. 

IMO’s Future Fuels and Technology Project (FFT Project) is a partnership between the Government of the Republic of Korea and IMO, aiming to support GHG emissions reduction from international shipping by promoting the uptake of future fuels and technology. 

The seminar was the fifth technical seminar organized under the project, following previous editions covering onboard carbon capture and storage (OCCS), energy transition of shipping (Hong Kong Maritime week), biofuels and methane-based fuels

Note: Video recording and presentations of the seminar is available here

 

Photo credit: International Maritime Organization
Published: 23 September, 2026

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