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Methanol Institute: Potential demand for methanol bunker fuel reaches 17.1 million mt per annum

Current orderbooks show the top five orders for methanol dual fuel vessels coming from Maersk, CMA CGM, Evergreen, X-Press Feeders, COSCO Shipping and HMM, states Chris Chatterton.

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The potential demand for methanol as a bunker fuel has currently risen to 17.1 million metric tonnes (mt) per annum, states the Chief Operating Officer of global methanol industry trade association Methanol Institute.

Chris Chatterton shared the observation with delegates at Session 3: Alternative fuels: Unlocking their potential to transform shipping of the APPEC 2023 conference on Wednesday (8 September) during his session Methanol: The near-term alternative fuel.

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“Global demand and production for methanol in 2020 was 98 million mt and this figure is roughly calculated to reach around 500 million mt by 2050, according to a study by the International Renewable Energy Agency (IRENA),” said Chatterton.

“Broad sub-vertical markets across both chemicals and fuel applications for methanol results in shipowners being subjected to less price volatility, predictable supply, and consistent quality when choosing to use to material as a bunker fuel.

“Additionally, established trading hubs for methanol already mean the product is available for consumption as marine fuel at over 100 ports.”

To date, the 25 methanol-fuel vessels, mainly product/chemical carriers, operating globally will be joined by an additional 165 vessels on order at a future date, he said.

Current orderbooks show the top five orders for methanol dual fuel vessels coming from Maersk, CMA CGM, Evergreen, X-Press Feeders, COSCO Shipping and HMM – mostly purchasing containerships.

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Moving forward, Chatterton expects a total of 1,200 methanol-fuelled vessels of various designs, including containerships, bulk carriers, chemical tankers, ferries, harbourcraft, dredgers, OSV, VLCCs, and car carriers, to be operating by 2030.

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Chatterton in July told Manifold Times he expects a major portion of the methanol-fuelled fleet to be receiving fuel at the Port of Singapore.

The successful completion of Singapore’s first methanol bunkering pilot in late July has given the republic a lead in adopting methanol as a marine fuel.

The Methanol Institute in May published its first comprehensive guide to methanol as a marine fuel.

Singapore’s bunkering sector, meanwhile, is gearing up to receive commercial methanol bunkering operations.

International laboratory testing services firm Eurofins has expanded operations to include surveying, sampling and testing packages for methanol bunker fuel within its product portfolio.

Consort Bunkers Pte Ltd has placed a newbuilding order for six 6,500 dwt IMO Type 2 bunker tankers capable of delivering a wide variety of conventional marine fuels including biofuel and methanol.

During Singapore Maritime Week (SMW 2023), classification society DNV joined a working group on methanol bunkering, managed by the Standards Development Organisation at Singapore Chemical Industry Council (SCIC-SDO).

Golden Island Diesel Oil Trading Pte Ltd, which has already finished the design phase for its methanol bunkering tanker, is planning to start bonded methanol bunkering operations at the republic in 2026.

In 2022, several players including PTT Exploration and Production Public Company Limited, Air Liquide, YTL PowerSeraya Pte. Limited, Oiltanking Asia Pacific Pte. Ltd., Kenoil Marine Services Pte Ltd, and A.P. Moller – Maersk A/S signed a Memorandum of Understanding to start a ‘Green Methanol Value Chain Collaboration’ feasibility study project.

Related: The Methanol Institute: Singapore takes first-mover advantage in Asia with methanol bunkering pilot
RelatedSingapore bunkering sector enters milestone with first methanol marine refuelling op
RelatedMethanol Institute publishes first complete guide to methanol as a marine fuel
RelatedConsort Bunkers receives “Pearl Khaoyai”, prepares for IMO 2030/2050 with IMO Type 2 bunker tanker orders
RelatedSMW 2023: DNV joins Standards working group on methanol bunkering
RelatedSingapore: Golden Island begins fleetwide B30 biofuel bunker trial, starts tests with “Double Happiness”
RelatedSingapore: Golden Island Diesel Oil Trading to start methanol bunkering operations at republic by 2026
RelatedSNIC 2022: Kenoil shares green methanol bunkering endeavour and firm’s contribution to supply value chain
RelatedSingapore: Players in feasibility study for first green e-methanol plant in S.E.A.

Photo credit: The Methanol Institute
Published: 13 September, 2023

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Methanol

VPS conducts assessment on first SIMOPS methanol bunkering op in Singapore

Firm was appointed by OCI Methanol Europe to conduct a quantity and quality assessment of a methanol bunker fuel delivery to “Eco Maestro” in Singapore.

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VPS conducts assessment on first SIMOPS methanol bunkering op in Singapore

Marine fuels testing company VPS on Tuesday (28 May) said it was appointed by OCI Methanol Europe, part of the OCI Global Group, to conduct a quantity and quality assessment of a methanol fuel delivery to Eco Maestro in Singapore.

Captain Rahul Choudhuri, President Strategic Partnerships, VPS, said VPS survey experts Rafael Theseira and Muhd Nazmi Abdul Rahim were at hand during the methanol bunkering to ensure the 300 metric tonnes of methanol transfer was carried out smoothly, having been involved in the first methanol bunkering a year ago. 

Manifold Times recently reported X-Press Feeders, Global Energy Trading Pte Ltd (GET), and PSA Singapore (PSA) successfully completing the first simultaneous methanol bunkering and cargo operation (SIMOPS) in Singapore.

A X-Press Feeder container vessel, Eco Maestro, on its maiden voyage from Asia to Europe was successfully refuelled with close to 300 mt of bio-methanol by GET, a MPA licensed bunker supplier, using MT KARA

The ISCC-certified bio-methanol used for the SIMOPS was produced by green methanol producer OCI Global and supplied via GET, a ISCC-certified supplier.

Captain Choudhuri said the role of the marine, petroleum or bunker surveyor has evolved over the years in shipping and maritime affairs, but the principles have not - and that is to provide independent assessment of the quality and quantity of the product transfer. 

“This may seem obvious but this quality and quantity control is crucial to avoid commercial discrepancies, shortages or fraud,” he said.

“Safety training is critical and we have been on top of this having completed the required MPA fire-fighting course and the IBIA Methanol training course. We will work more with the Singapore Maritime Academy for trainings in future,” he added.

In August last year, Singapore-headquartered independent common carrier X-Press Feeders launched its first ever dual-fuel vessel Eco Maestro in China.

Manifold Times previously reported VPS stating it was the first company to complete a methanol bunker quantity survey (BQS) operation in Singapore on 27 July last year.

VPS was appointed by Maersk and Hong Lam Marine Pte Ltd, to undertake the very first bunker quantity survey (BQS) of a methanol fuel delivery, supplied by Hong Lam to the Maersk vessel on its maiden voyage to Europe. 

Related: First SIMOPS methanol bunkering operation completed in Singapore
Related: VPS completes quantity survey on Singapore’s first methanol bunkering op
Related: Singapore bunkering sector enters milestone with first methanol marine refuelling op
Related: X-Press Feeders launches its first methanol dual-fuel vessel “Eco Maestro” in China

 

Photo credit: VPS
Published: 29 May 2024

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Methanol

Consortium inks MoU for facility in Egypt to produce green methanol bunker fuel

AD Ports Group, Transmar and Orascom Construction will develop a green methanol storage and export facility, which will provide bunkering solutions for mainliners who have ordered green methanol powered vessels.

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Consortium inks MoU for facility in Egypt to produce green methanol bunker fuel

AD Ports Group, a facilitator of global trade, logistics and industry on Tuesday (28 May) said it signed a memorandum of understanding (MoU) with container shipping line and terminal operator Transmar and global engineering and construction contractor Orascom Construction for the development of a green methanol storage and export facility. 

AD Ports Group said the facility will aim to supply low-carbon fuel for maritime transport, presenting an opportunity to establish clean alternative energy storage solutions globally.

Green methanol is a synthetic fuel produced renewably and without polluting emissions, and can be produced from green hydrogen. This chemical compound can be used as a low-carbon liquid fuel and is a promising alternative to fossil fuels in areas where decarbonisation is a major challenge.  

Aside from the maritime industry, green methanol can help decarbonise other hard-to-abate industries, including chemical and plastics. 

“The addition of a facility in this area will provide bunkering solutions for those mainliners who have ordered green methanol powered vessels and is aligned with AD Ports Group’s overall decarbonisation strategy and expansion into clean energy liquid bulk storage,” the Group added.

Captain Ammar Mubarak Al Shaiba, CEO – Maritime & Shipping Cluster, AD Ports Group, said: "By signing this MoU with Orascom Construction who have vast international experience in bulk liquid terminals for Methanol storage, and Transmar, who have decades of expertise in this region and within terminal operations, AD Ports Group and its subsidiaries are taking a significant step towards the sustainable future of energy.”

“This initiative not only aligns with the UAE's decarbonisation goals but also accelerates the energy transition in shipping, positioning us at the forefront of the green hydrogen revolution and enabling us to contribute to global environmental stewardship and economic diversification."

 

Photo credit: AD Ports Group
Published: 29 May 2024

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Milestone

Singapore: Global Energy celebrates first methanol marine fuel delivery with IMO type II bunker tanker

Approximately 1,340 mt of blended methanol was supplied by GET’s IMO type II bunker tanker “MT Kara” to “Stena Prosperous” on 24 May.

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Singapore: Global Energy celebrates first methanol marine fuel delivery with IMO type II bunker tanker

Singapore accredited bunker supplier Global Energy Trading Pte Ltd (GET) on Friday (24 May) entered a company milestone with its first methanol bunkering operation.

Approximately 1,340 metric tonnes (mt) of blended methanol was supplied by GET’s IMO type II bunker tanker MT Kara to Stena Prosperous, a methanol-powered tanker commercially managed by Proman, after loading from the VOPAK Penjuru Terminal.

A fuel blend of 20% ISCC-certified sustainable bio-methanol and 80% conventional methanol, which reduces carbon emissions by 31% on a tank-to-wake basis compared to using Very Low Sulphur Fuel Oil (VLSFO) for the same journey, was supplied during the bunkering operation.

“This marks a milestone in the history of Singapore’s marine fuel industry, paving the way for the island’s transition to meet its decarbonisation goals of 2030 and beyond,” Wayne Loh, Manager, Commercial Business, GET told Manifold Times.

“Our joy of success is shared with Maritime and Port Authority of Singapore, Proman, Valenz, Vopak, Classification Societies, and other key stakeholders.

“All participants have contributed dearly and worked diligently together to set the course towards a sustainable future in shipping.

“The journey will strengthen Singapore’s position further as the premier port for marine innovations in meeting the challenges associated to methanol and other alternative marine fuels.

“A special ‘thank you’ goes to the crew of Kara and Stena Prosperous for their cooperation and dedication.”

Global Energy Group (established 1992) is a marine service and regional oil transportation/logistics business provider; the company owns and operates 25 bunker tankers to support its marine fuel supply business in Singapore and Fujiarah.

Global Energy Trading Pte Ltd and Stellar Shipmanagement Services Pte Ltd are its wholly owned subsidiaries, operating the core businesses of the group.

Related: Singapore reaches new milestone with methanol bunkering op of “Stena Prosperous”

 

Published: 28 May 2024

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