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China: Cosco Shipping and bp to explore collaboration in methanol bunker fuel 

Duo signed a MoU in Shanghai to expand their scope of strategic cooperation into new areas including lubricant supply, methanol bunker fuel supply for bunkering and offshore wind supply chain.

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China: Cosco Shipping and bp to explore collaboration into methanol bunker fuel

Cosco Shipping on Thursday (7 December) said it has signed  a Memorandum of Understanding (MoU) with bp to expand their scope of strategic cooperation into new areas on 5 December in Shanghai.

“This includes Castrol Marine lubricants and hydrocarbons transportation, offshore equipment as well as exploring collaboration opportunities in areas such as methanol supply for bunkering and offshore wind supply chain,” Cosco said. 

“Together, both parties will further capitalize on the business advantages of both parties, enhance synergies, and achieve complementary advantages and common development.”

William Lin, bp Group Executive Vice President, and Lin Ji, Executive Vice President of COSCO SHIPPING, witnessed the signing. Simon Yang, bp Group Senior Vice President and bp China President, and Chen Wei, Deputy Head of the Operations Division of COSCO SHIPPING, signed the document on behalf of the two parties.

Cosco said bp has been operating in China since the early 1970s and is one of the leading foreign-invested companies in China’s energy industry. 

“bp and Cosco Shipping have a longstanding history of cooperation, including the transportation of energy products, offshore equipment manufacturing services, and the supply of marine fuels and lubricants,” it added. 

Photo credit: Cosco Shipping
Published: 11 December, 2023

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Methanol

Methanol Institute: Breakthroughs and Strategic Moves in Sustainable Marine Fuels (Week 23, 3-9 June 2024)

This week, the maritime industry made pivotal advancements in methanol fuel technology, forged strategic partnerships, and achieved key regulatory milestones, highlighting a concerted effort toward greener marine operations.

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The Methanol Institute, provides an exclusive weekly commentary on developments related to the adoption of methanol as a bunker fuel, including significant related events recorded during the week, for the readers of bunkering publication Manifold Times:

More heavy hitters are getting behind the supply of methanol to marine customers as the demand for newbuildings continues to strengthen.

The ramp-up in biofuels provided by energy major ExxonMobil are expected to support the industry’s decarbonization process as owners place further orders, vessels hit the water and new bunkering operations are planned.

Methanol marine fuel related developments for Week 23 of 2024:

ExxonMobil Expands Marine Biofuels Offering for Shipping Industry
Date: June 4th, 2024

Key Points: ExxonMobil is expanding its marine biofuels offering, actively engaging with multiple customers, including Hapag Lloyd and Wallenius Wilhelmsen. Recent deliveries from its Fawley refinery to several UK ports have demonstrated successful biofuel use without engine modifications. Biofuels are expected to play a significant role in the first phase of shipping's decarbonization, with a future shift towards methanol, ammonia, and hydrogen. ExxonMobil is exploring technologies and pathways to meet the industry's low-emission fuel needs.

DNV: Growing Demand for Methanol-Fueled Vessels Evident in May Newbuild Orders
Date: June 4th, 2024

Key Points: DNV's recent data shows a significant increase in orders for methanol-fueled vessels, with 23 out of 33 new orders in May being methanol-powered. This trend highlights the maritime industry’s growing appetite for methanol as a viable alternative fuel, driven by its lower emissions and alignment with decarbonization goals. Methanol's role is increasingly pivotal as the shipping sector seeks sustainable and compliant fuel options to meet future environmental regulations.

NKT Orders Methanol-Powered Cable-Laying Vessel
Date: June 5th, 2024

Key Points: NKT has ordered a 176-meter dual-fuel cable-laying vessel, the NKT Eleonora, capable of running on methanol, HVO, and MDO. Scheduled for operation in 2027, this vessel reflects NKT's commitment to sustainability and enhancing installation capacity. The decision to build a methanol-fueled vessel aligns with NKT’s strategic goal of providing greener power cable solutions, supporting the industry's shift towards environmentally friendly fuels.

Hagland Shipping Orders Methanol-Convertible Bulk Carriers
Date: June 5th, 2024

Key Points: Hagland Shipping has ordered four 5,000 DWT dry bulk carriers from Dutch shipyard Royal Bodewes. These vessels are designed to be easily converted to methanol propulsion in the future, reducing CO2 emissions by 40-50% and NOx emissions by 90-95% compared to the oldest ships in their fleet. The first ship is expected to be delivered by the end of 2025, enhancing Hagland's commitment to sustainability and emission reduction in Northern Europe and the Baltic region.

Headway Technology Group Opens New Office in Greece
Date: June 6th, 2024

Key Points: Headway Technology Group (Qingdao) Co., Ltd. has inaugurated a new office in Greece, coinciding with the first day of the Posidonia 2024 exhibition. This expansion aims to strengthen Headway's presence in the European low-carbon shipping sector, providing enhanced technical support and services. The new office will showcase Headway's methanol fuel supply systems and other green technologies, reinforcing their commitment to sustainable maritime solutions and supporting the global shift towards low-emission shipping practices.

Vopak Partners to Establish Green Methanol Bu Methanol Bunkering in China
Date: June 6th, 2024

Key Points: Vopak has signed a strategic cooperation agreement with the vice mayor of Tianjin to develop a green methanol bunkering operation in Northern China's Tianjin port. This initiative aims to repurpose existing infrastructure for new energy projects, positioning Tianjin as a crucial logistics hub for green methanol development. The partnership with Tianjin Port Group underscores Vopak's commitment to supporting sustainable maritime fuels and contributing to the global energy transition.

New Methanol-Ready Fallpipe Vessel Named "Yellowstone"
Date: June 7th, 2024

Key Points: DEME Group's new fallpipe vessel, the 37,000 DWT "Yellowstone," has been officially named in a ceremony held in Zeebrugge, Belgium. The vessel, designed for future conversion to methanol dual-fuel propulsion, features a hybrid power plant with a 1 MWh Li-ion battery. The naming ceremony, attended by Her Royal Highness Princess Astrid, underscores DEME's commitment to innovation and sustainability in marine operations.

 

Photo credit: The Methanol Institute
Published: 14 June 2024

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Methanol

Green Marine Fuels Trading, Vopak team up on green methanol port storage facilities

Green Marine Fuels revealed a strategic collaboration with Vopak to secure necessary port storage to accommodate green methanol supply in Shanghai, Tianjin and later in Singapore.

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Green Marine Fuels Trading, Vopak team up on green methanol port storage facilities

Green Marine Fuels Trading on Tuesday (11 June) announced a strategic collaboration with Royal Vopak Terminals in the key ports of Shanghai Caojing and Tianjin Lingang, China. 

The firm said the milestone agreement marked the next phase of methanol supply chain infrastructure expansion for Green Marine Fuels Trading, securing necessary port storage capacity to accommodate projected supply of green methanol from Chinese business partners.  

Green Marine will be undertaking a similar cooperation plan with Vopak Singapore as well. 

Gavin McGrath, Director at Green Marine, said: “This is an important milestone in the evolution of Green Marine Fuels Trading and further underscores our preparedness to supply green methanol to the imminent green transition within the shipping industry.” 

“Our leadership in the global methanol marine fuel sector uniquely positions us to bridge the gap between methanol producers and buyers, with storage and supply infrastructure being a crucial link in the chain.”

“We eagerly anticipate leveraging our expertise in these domains to enrich the Shanghai and Tianjin green port and marine fuel ecosystems.”

Manifold Times previously reported Vopak signing a strategic cooperation agreement with the Vice Mayor of Tianjin delegation to support the repurposing of Vopak Tianjin's infrastructure for new energies, including green methanol, sustainable aviation fuel, and potentially ammonia and liquid organic hydrogen carriers (LOHC).

Vopak said Tianjin Port Group will work closely with Vopak to develop a green methanol bunkering service solution.

Related: Tianjin Port Group and Vopak partner to develop green methanol bunkering service

 

Photo credit: Green Marine Group
Published: 12 June 2024

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Alternative Fuels

Glocal Green and Norwegian Hydrogen join forces for green hydrogen and bio-methanol production

Bio-methanol will be produced from low-grade biological residual materials and by-products from forestry, agriculture, and the marine sector.

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Glocal Green and Norwegian Hydrogen join forces for green hydrogen and bio-methanol production

Glocal Green AS and Norwegian Hydrogen AS on Thursday (7 June) said they entered into a concrete cooperation agreement for the development and establishment of hydrogen production in connection with Glocal Green's planned bio-methanol plant.

This comes following both companies entering into a letter of intent two years ago.

The hydrogen production will be organised into a separate jointly owned company.

“A two-year study and dialogue between us have today resulted in a joint commitment to hydrogen production in connection with Glocal Green's methanol production units,” said Dag Nikolai Ryste, CEO of Glocal Green AS.

“It has crystallised into a clear win-win model between the parties, and in addition, this efficiency will benefit all other parties along this holistic value chain, and not least the market.”

The bio-methanol will be produced from low-grade biological residual materials and by-products from forestry, agriculture, and the marine sector. 

By adding hydrogen in the production process, all the green carbon is utilised, resulting in a volumetric doubling of methanol production. This methanol, with added hydrogen, is termed bio-e-methanol. 

“The market for this green methanol is enormous and growing, both within the chemical industry and as a replacement for fossil fuels in the maritime sector and aviation,” the firms said.

Hydrogen production requires access to power, and in a growing global power deficit, high transition efficiency is important. This concept, which combines bio-waste and hydrogen, contributes to optimal energy utilisation, where the energy from the biomass, together with the energy from the added hydrogen, provides an outstanding yield to the input power. 

The result is a green liquid hydrogen carrier at a competitive price that will contribute significantly to the green transition.

The first project is in Øyer in Gudbrandsdalen. The goal here is an annual production of 150,000 tonnes of bio-e-methanol, which will also involve local production of 15,000 tonnes of green hydrogen from electrolysis. This illustrates what such a symbiosis can do for the development of hydrogen production and for Norwegian Hydrogen AS as a hydrogen player.

“This collaboration marks a significant step forward for the considerable synergies inherent in the co-location of hydrogen and bio-methanol production,” said Jens Berge, CEO of Norwegian Hydrogen AS. 

“By combining our resources and expertise, we can offer sustainable solutions that meet the increasing demand for green fuels. We look forward to realizing the many opportunities this partnership will bring, both nationally and internationally.”

Beyond the commitment in Øyer, the parties also aim to develop several similar projects, initially in the Nordic region.

 

Photo credit: Norwegian Hydrogen
Published: 11 June, 2024

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