International product tanker owner and operator Hafnia, a member of BW group on Monday (14 September) announced its investment in methanol production facility Northwest Innovation Works, Kalama, LLC (NWIW) together with a strategic joint venture partner.
Hafnia said the joint venture’s $10 million investment in a methanol production facility demonstrates its ambition to pursue the development and implementation of sustainable and modern clean technologies.
“This initiative is another example of our strategy to support and promote industry decarbonization while still transporting the resources necessary to sustain the world,” said Hafnia CEO Mikael Skov.
“We recognize the world is changing, and that the ways we operate and conduct business need to change with it. While there is much uncertainty as to exactly what the future will look like, we’re confident that the steps we’re taking have Hafnia, our stakeholders and the industry moving in the right direction.”
NWIW will use the investment towards the development of a 3.6 million tonnes per annum methanol production and export facility at the Port of Kalama in southwest Washington, USA, noted Hafnia.
The plant will convert regionally sourced natural gas to methanol, which will then be transported via ship – the equivalent of an MR cargo every four days – for use in dedicated materials pathway production in Asia.
Hafnia added it will also provide and operate purpose-built next-generation methanol dual-fuelled ships to transport one-third of the methanol volume produced by the plant.
These vessels will be tied to 19 year charters with a satisfactory guaranteed return during the period.
The methanol from the facility will displace more carbon-intensive methanol supply, such as coal-based methanol, resulting in GHG reductions globally. It will be used to produce materials, including olefins, the primary components in numerous products, including medical devices, such as masks, gowns, gloves, and eye protection, recreational equipment, clothing, cell phones, and furniture, among many other applications.
In addition, NWIW will offset one hundred percent of its GHG emissions from both direct and indirect sources within Washington State.
Photo credit: Hafnia
Published: 15 September, 2020
Market and technical feasibility studies on Bio-LNG, battery and battery-hybrid among research items.
5,000 kWh energy storage system will enable ships to operate with zero emissions while in port- meeting RINA Green Plus class notation.
Manufacturer ‘confident’ Becker LNG PowerPac® can be successful on the European and Chinese market.
The vessels will be powered completely by large-capacity lithium ion batteries and are slated to go into service as bunker vessels in Tokyo Bay, said Asahi Tanker.
Pyrolysis oil is made from biomass-based residues such as sawdust and roadside grass cuttings, says company.
President of Sea Commerce highlights advantages of using methanol as bunkers when compared to other alternatives at the Methanol as a Marine Fuel seminar.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
