Methanol Institute: Advancing green marine fuels and strategic collaborations (Week 34, 19 to 25 Aug 2024)
- Published
by Admin
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:
The granting of consultative status at IMO to the Methanol Institute is a significant milestone for cleaner shipping, enabling MI to represent producers and stakeholders at the maritime industry’s primary law-making body.
The maritime industry has continued to push forward with initiatives that support and embrace methanol as a sustainable marine fuel and make increasing volumes available to consumers.
Methanol marine fuel related developments for Week 34 of 2024:
Rising Demand for Methanol as a Marine Fuel in Trinidad
Date: August 21, 2024
Key Points:
Trinidad is experiencing a surge in methanol bunker sales as part of a shift towards cleaner marine fuels. Proman, a chemical producer, recently supplied methanol bunkers to the vessel Stena Prosperous and plans further supplies. This growth reflects methanol’s increasing acceptance as a versatile and eco-friendly marine fuel option, aligning with global regulatory efforts for greenhouse gas reductions. The consistent quality of methanol, regardless of its feedstock, supports its growing use and potential in achieving net-zero emissions in the maritime industry.
Methanol Institute Gains Key Role at IMO for Advancing Low-Carbon Shipping Fuels
Date: August 23, 2024
Key Points:
The Methanol Institute has secured consultative status at the International Maritime Organization (IMO), enabling it to actively participate in discussions and influence regulations on low-carbon fuels. This status allows the organization to collaborate with member states, develop methanol bunkering standards, and promote the use of methanol as an alternative marine fuel. The move aligns with global efforts to transition towards greener shipping practices and achieve net-zero emissions by 2050.
Sinobunker and Towngas Partner for Green Methanol Bunker Fuel Research in China
Date: August 22, 2024
Key Points:
Sinobunker and Towngas have signed a strategic cooperation agreement to advance research on green methanol as a marine fuel. This collaboration focuses on technological advancements, raw material sourcing, and carbon certification to promote methanol bunkering and support the green transition in the shipping industry. The partnership aims to establish green methanol as a sustainable alternative to traditional marine fuels, aligning with global decarbonization efforts.
X-Press Feeders Expands Methanol-Fueled Shipping Operations with New Baltic Route
Date: August 23, 2024
Key Points:
X-Press Feeders has introduced a second methanol-fueled shipping route, the Green Baltic X-Press (GBX), operating between key ports like Rotterdam, Antwerp-Bruges, Klaipeda, and Riga. This expansion supports sustainable shipping practices amidst the EU’s emissions trading scheme and upcoming Fuel EU Maritime regulations. The addition of the methanol-fueled vessel Eco Umande highlights the company’s commitment to reducing greenhouse gas emissions and aligns with global efforts for greener maritime transport.
Photo credit: Methanol Institute
Published: 29 August, 2024
