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Methanol Institute: Decarbonization milestones and green methanol advancements (Week 50, 9 to 15 Dec 2024)

Work is continuing to enhance both availability of methanol and its ease of consumption in main engines, illustrated by the launch of a new class of product tankers constructed in joint venture.

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Methanol Institute: Progress and milestones in methanol adoption (Week 49, 2 to 8 Dec 2024)

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 expertise required to power the energy transition in maritime is considerable, ranging from increasing the capacity of fuel production, its transport and storage and the innovations in dual fuel ship design that align with global net zero targets. 

Securing additional tonnage of green methanol continues to a focus for leading container line Maersk, while work is continuing to enhance both availability of methanol and its ease of consumption in main engines, illustrated by the launch of a new class of product tankers constructed in joint venture.

Methanol marine fuel related developments for Week 50 of 2024:

Methanol Institute Welcomes HIF Global as Newest Member

Date: December 9, 2024

Key Points:

The Methanol Institute (MI) has announced the addition of HIF Global to its membership roster. HIF Global specializes in producing e-Fuels, offering sustainable alternatives to fossil fuels compatible with existing transportation and industrial infrastructure.

Its approach combines renewable energy with technology to produce green hydrogen through electrolysis and captured CO₂ from various sources. These components are synthesized to create e-Fuels, including e-Methanol for ships, e-sustainable aviation fuels and e-Gasoline for cars, which are crucial for decarbonizing global transportation and reducing greenhouse gas emissions.

HIF Global’s operations include the HIF Haru Oni facility in Magallanes, Chile — the world’s first operating e-Fuels facility inaugurated in December 2022 — and the HIF Matagorda e-Fuels Facility in Texas, designed to produce 1.4 million metric tons of e-Methanol annually once fully operational. As part of MI, HIF Global will collaborate with industry leaders, policymakers, and stakeholders to promote methanol-based solutions and e-Fuels in the transition to a low-carbon future.

Hafnia to Take Delivery of First Dual-Fuel Methanol MR Tanker in January 2025

Date: December 10, 2024

Key Points:

Product tanker owner and operator Hafnia has announced the upcoming delivery of the first in a series of four 49,800 deadweight dual-fuel Methanol Chemical IMO II Medium-Range (MR) newbuilds ordered with French shipowner Socatra, under its Ecomar joint venture.

Constructed at Guangzhou Shipyard International (GSI) in China, this vessel has successfully completed construction and sea trials, with delivery scheduled for January 2025.

These vessels represent a significant advancement in the partners’ decarbonization strategy, offering the flexibility to operate on both conventional fuel and methanol. This dual-fuel capability facilitates a transition to more sustainable fuel options as green methanol becomes increasingly accessible.

In addition to the dual-fuel system, Hafnia is evaluating further innovations to enhance fuel efficiency and minimize environmental impact. This includes exploring the integration of shaft generators and Wind Assisted Propulsion Systems (WAPS) with provision made for the future installation of rotor sails. The vessels are also designed to accommodate future shore power connections, with designated areas in the engine room allocated for transformer sections compatible with high-voltage shore power, contingent upon port infrastructure capabilities.

The quartet of newbuilds will be time-chartered from Ecomar to TotalEnergies for multi-year periods, reinforcing the longstanding partnership between Ecomar and the energy company. Following the initial delivery in January 2025, the subsequent two vessels are slated for delivery within the same year, with the fourth vessel expected in 2026.

Maersk and NTPC Green Energy Explore Green Methanol Supply Partnership

Date: December 11, 2024

Key Points:

A.P. Moller-Maersk is in preliminary discussions with NTPC Green Energy, a subsidiary of India’s leading energy conglomerate NTPC, to establish a green methanol supply agreement. NTPC Green Energy plans to develop a green fuels production hub in Andhra Pradesh, targeting an annual output of 2 million metric tonnes of fuel for export. This initiative aligns with Maersk’s strategy to secure alternative fuel sources for its expanding fleet of methanol-powered vessels, supporting the company’s commitment to achieving net-zero emissions by 2040.

Yingkou Port Achieves ISCC EU Certification for Green Methanol Storage

Date: December 12, 2024

Key Points:

Yingkou Port, a subsidiary of Liaoning Port Group under China Merchants Group, has secured the International Sustainability & Carbon Certification (ISCC) EU certification for green methanol storage as of December 5, 2024. Specializing in the storage and handling of refined oil and liquid chemicals, Yingkou Port is strategically positioning itself to support the use of green methanol as a bunker fuel, particularly within Northeast Asia.

In anticipation of future customer demands and to align with sustainable development goals, the port has proactively established a green methanol corridor. Currently, it offers up to 225,000 cubic meters of storage capacity for green methanol transshipment, with individual tank sizes ranging from 2,500 to 10,000 cubic meters, catering to producers and distributors of green methanol.

The certification process was facilitated by Shanghai Wenji Biotechnology Co., Ltd., which assisted Yingkou Port in developing a comprehensive ISCC quality management system. Following an on-site audit conducted by international certification body SGS on November 8, the certification was granted in less than a month, underscoring the port’s commitment to sustainable fuel infrastructure.

Infineum Develops Lubrication Solutions for Methanol as Marine Fuel

Date: December 12, 2024

Key Points:

Infineum, a global fuel additives company, is actively addressing technical challenges associated with using methanol as a marine fuel, aligning with the International Maritime Organization’s (IMO) decarbonization goals toward net-zero emissions by 2050.

In an article published on December 10, 2024, Infineum’s Fuels Technologist, Frank Simpson, discussed the company’s efforts to enhance methanol’s viability as a marine fuel. A significant development is Infineum’s new lubricity additive for alcoholic fuels, such as methanol and ethanol, which is expected to be ready for deployment in 2025. This additive aims to improve the lubricating properties of methanol, addressing one of the key technical challenges in its adoption as a marine fuel.

Infineum’s initiatives are part of a broader industry effort to explore sustainable transportation solutions that reduce greenhouse gas emissions. The company’s work contributes to a multi-fuel, multi-technology approach to meet the pressing challenges of climate change while ensuring reliable and affordable mobility solutions.

 

Photo credit: The Methanol Institute
Published: 19 December, 2024

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Hercules Tanker Management acquires five product and chemical tankers

Acquisitions form part of a broader and ongoing fleet development programme at Hercules; programme also includes investing in the construction of an 18,000 cbm LNG bunkering vessel at Hyundai Mipo.

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Hercules Tanker Management plans fleet expansion with new chemical bunker tankers

Hercules Tanker Management (HTM) on Monday (1 June) announced the acquisition of five product and chemical tankers as part of its continued fleet expansion.

HTM is the shipping venture launched by John A. Bassadone, founder and CEO of independent marine fuel supplier Peninsula.

The company acquired STI Madison (2014 LR2), STI Brooklyn (2015 MR2) and STI Black Hawk (2015 MR2) – acquired from Scorpio Tankers; and Nord Marvel (2020 MR2) and Nord Maverick (2020 MR2) – acquired from Norden.

 The acquisitions represent a combined investment of approximately USD 225 million, with all vessels secured on long-term commercial charters, reinforcing Hercules’ strategy of pairing asset ownership with contracted earnings visibility.

“The acquisitions have been completed against the backdrop of a firm tanker asset market, with second-hand values continuing to trade at historically elevated levels due to strong freight markets, constrained fleet growth and limited shipyard availability,” the company said. 

 All five vessels enter the Hercules fleet with long-term commercial employment already secured, consistent with the company’s strategy of combining asset-backed exposure to tanker markets, with downside protection through contracted earnings, and operational flexibility to serve the growing global cargo flows of its partners and affiliates.

The acquisitions form part of a broader and ongoing fleet development programme at Hercules. 

The company continues to progress its newbuilding programme with Jiangmen Hangtong Shipyard in China, where it has committed to a series of up to 10 ‘ultra-spec’ chemical tankers, designed with flexibility to supply conventional fuels, biofuels and methanol, alongside enhanced efficiency and emissions performance. 

In parallel, Hercules is also investing in next-generation energy infrastructure through the construction of an 18,000 cbm LNG bunkering vessel at Hyundai Mipo, scheduled for delivery in 2027.

Market benchmarks indicate vessels of this type are currently contracting at approximately USD 90–95 million per unit, underlining the strategic and capital commitment behind this segment.

John A. Bassadone, Founder and CEO of Hercules Tanker Management, said: “This is another step in building Hercules carefully and deliberately. We are not trying to grow for growth’s sake. Our focus is on acquiring the right assets, at the right time, with the right commercial backing.

“These vessels come with strong employment already in place, which provides stability, while still allowing us to participate in a market we believe has solid fundamentals over the medium term. We are fortunate to be in a position where global cargo flows can underpin our investments, and we remain mindful that discipline is critical in this cycle.

“Additionally, we are currently engaged in negotiations for newbuilds of all sizes including LR2s, MRs, and Handys, as well as additional ultra spec vessels.”

Related: Peninsula founder launches shipping firm Hercules Tanker Management
Related: Hercules Tanker Management plans fleet expansion with new chemical bunker tankers
Related: Hercules Tanker Management orders LNG bunkering vessel from Hyundai Mipo

 

Photo credit: Hercules Tanker Management
Published: 2 June, 2026

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Methanol

GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 61 to 61.6 Mt by 2031

Information shared by the Methanol Institute meant to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

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GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 61 to 61.6 Mt by 2031

The Methanol Institute recently shared with Manifold Times the renewable and low-carbon methanol project pipeline May 2026 release produced by GENA Solutions Oy.

Information from the release is meant to provide the bunkering publication’s readers with insight on renewable methanol availability, and to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

Key takeaways from GENA’s May 2026 Methanol release are as follows:

  • A biomethanol project in China signed an EPC contract in May. GENA estimates that more than 3 Mt of biomethanol and e-methanol capacity is currently under construction in China.
  • Six new projects were added to Project Navigator, while five frozen projects were excluded. The project pipeline increased by 0.6 Mt month on month.
  • Project Navigator tracks 282 renewable and low-carbon methanol projects, representing 61.6 Mt of capacity by 2031, including 24.9 Mt of e-methanol, 25.6 Mt of biomethanol, and 11.2 Mt of low-carbon methanol.
  • GENA estimates that renewable methanol capacity could grow from 0.9 Mt in 2025 to 1.5 Mt by the end of 2026, 2.2–2.4 Mt in 2027, and 5-12 Mt in 2030.
  • Europe accounts for more than 10 Mt of renewable and low-carbon methanol projects, about 79% of which use hydrogen as one of the feedstocks.
  • More than 31 Mt of projects are under development in China, with biomass gasification accounting for 61% of the pipeline.
  • North America accounts for more than 10 Mt of projects, mainly using CCS.

Note: The full article can be viewed here.

Renewable methanol 1

Renewable methanol by feedstock 9

Renewable methanol by region 8

Renewable methanol by status 1

Renewable methanol capacity scenarios 2

 

Photo credit: GENA Solutions
Published: 2 June, 2026

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Methanol

Maritime Blue calls for proposals on methanol bunker barge design

Maritime Blue, in collaboration with the Port of Seattle, Port of Tacoma, Northwest Seaport Alliance, and ABS, is seeking a naval architecture firm to develop design schematics for a methanol bunker barge.

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RESIZED Venti Views on Unsplash

Maritime Blue, in collaboration with the Port of Seattle, Port of Tacoma, Northwest Seaport Alliance, and American Bureau of Shipping (ABS), is seeking a qualified naval architecture firm to develop design schematics for a methanol bunker barge.

A Request for Proposals (RFP), issued on 11 May, invited companies to submit a proposal for the barge, which will be used as the supply ship in a ship-to-ship methanol bunkering exercise during a high level risk assessment workshop planned for September 2026. 

The design is intended for a desktop exercise to identify operational requirements and safety gaps for green methanol bunkering in the Seattle-Tacoma Gateway.

The bunker barge is expected to have a methanol capacity of approximately 30,000 bbls but contractors may propose alternative capacities with justification. 

The receiving ship for the workshop has not been selected yet, but is anticipated to be a cargo, container, cruise, or ro-ro ship.

Maritime Blue said the submission deadline for the proposals is 1 June at 3pm PDT.

 

Photo credit: Venti Views on Unsplash
Published: 29 May, 2026

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