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MoU

MOL and Pyxis to develop and market electric vessels in Singapore and Japan

‘We are honoured to partner with MOL, a global leader in the shipping industry,’ replied Tommy Phun, Founder of Singapore-based maritime electrification startup Pyxis Maritime.

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MOL x PYXIS

Mitsui O.S.K. Lines, Ltd. (MOL) and Singapore-based maritime electrification startup Pyxis Maritime Pte Ltd. (Pyxis) on Wednesday (1 November) signed a Memorandum of Understanding (MoU) to collaborate on the joint development and marketing of the electric vessels (EVs) business in the Singapore region, as well as marketing for the expansion of EVs introduction in Japan.

The agreement will harness MOL's maritime expertise, market networks and industry knowledge as a shipping company while leveraging on Pyxis’ agility and fast execution as start-up company.

Through this cooperative relationship, the two companies plan to engage the industry and their respective stakeholders, interweave their knowledge, and implement strategic initiatives for decarbonization while closely monitoring the adoption of environmental regulations.

“I am pleased to conclude the MOU with Pyxis, which is committed to the introduction and expansion of EV vessels in Singapore. We believe this memorandum will be an important step for both companies to make a significant change in the shipping industry,” said Nobuo Shiotsu, Senior Managing Executive Officer of MOL.

“Promoting the introduction of EV vessels to solve environmental issues will be one way. We believe cooperation with partners who has same ambition and trustworthy is essential to achieve that.”

“We are honoured to partner with MOL, a global leader in the shipping industry,” replied Tommy Phun, Pyxis Founder.

“With the sustainability movement disrupting maritime businesses, efforts to decarbonize have become necessary to stay competitive. Our mission is to ease and boost mass adoption of EVs in the region. Together with MOL, we are confident in expanding our outreach into Japan which is one of our key markets.”

Manifold Times in August reported Pyxis entering a MOU with fuel cell components manufacturer Sydrogen Energy to jointly execute a Proof of Concept (PoC) study in the deployment of hydrogen fuel cell solutions. 

Related: Singapore: Pyxis, Sydrogen to deploy hydrogen fuel solutions including harbour craft electrification

Photo credit: Mitsui O.S.K. Lines, Ltd.
Published: 6 November 2023

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Ammonia

Enaex and NYK to research feasibility of low-carbon ammonia bunker fuel supply

Enaex and NBP will work out the details to supply low-carbon ammonia to ammonia-fuelled Handymax bulkers at their Mejillones ammonia terminal in the Antofagasta region of northern Chile.

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Enaex and NYK to research feasibility of low-carbon ammonia bunker fuel supply

Chilean ammonium nitrate producer Enaex S.A. and NYK Bulk & Projects Carriers Ltd. (NBP), a member of the NYK Group, signed a memorandum of understanding (MoU) in January to jointly research the feasibility of supplying low-carbon ammonia bunker fuel to ammonia-fuelled ships, according to NYK on Wednesday (21 February). 

NBP will build 10 to 15 ammonia-fuelled Handymax bulkers in the late 2020s and beyond to transport copper products from Chile to the Far East for Corporación Nacional del Cobre de Chile (CODELCO), a world-leading copper producer. 

In the future, Enaex and NBP will work out the details to supply low-carbon ammonia to the vessels at Mejillones ammonia terminal in the Antofagasta region of northern Chile.

The MoU was signed at Enaex's headquarters in Santiago, Chile, in the presence of Juan Andrés Errázuriz Domínguez, CEO of Enaex, Hitoshi Nagasawa, chairman of NYK, and Masashi Suda, president of NBP.

 

Photo credit: NYK
Published: 22 February, 2024

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Methanol

China: Methanol industry players ink agreement to form green methanol energy corridor

National Inner Mongolia Electric Power Mengxi New Energy, Shanghai Yuanba Energy Technology, Tianjin Bohai Chemical Group and COSCO Shipping Energy Transportation will work together to form the corridor.

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Energy firm National Inner Mongolia Electric Power Mengxi New Energy Co Ltd, Shanghai Yuanba Energy Technology Co Ltd, Tianjin Bohai Chemical Group Co Ltd, and COSCO Shipping Energy Transportation Co Ltd on Tuesday (6 February) jointly signed an cooperation framework agreement in Shanghai to establish a “green product (energy) corridor project” for the entire green methanol industry chain.

Manifold Times has previously reported Cosco Shipping Energy Transportation entered a shipbuilding contract for six methanol-fuelled tankers with Cosco Shipping Heavy Industry while Cosco Shipping reportedly signed a Memorandum of Understanding (MoU) to explore collaboration in methanol bunker fuel amongst other new areas. 

On 15 December 2023, Shanghai Yuanba Energy Technology signed an agreement with Greece’s Marine Plus S.A. for purchasing Yuanba Energy's green methanol for the EU shipping market, starting in August 2025. 

According to local news reports, Tianjin Bohai Chemical Group and National Inner Mongolia Electric Power Mengxi New Energy are involved in methanol-related projects including the production of hydrogen. 

As part of the agreement, the four parties signed the contract to build a green energy corridor for the entire green methanol industry chain. 

The firms said the signing of this agreement marked a new milestone in establishing and improving the entire green methanol industry chain.

Pooling together their respective resources and industry knowledge, the parties will work together to carry out comprehensive and in-depth cooperation in green energy products including power generation, hydrogen production, synthetic methanol, land transportation, warehousing, shipping and bunkering. 

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

Related: China: Cosco Shipping and bp to explore collaboration in methanol bunker fuel
Related: Cosco Shipping Energy Transportation orders six methanol-fuelled tanker newbuilds

 

Photo credit: Scott Graham on Unsplash
Published: 19 February, 2024

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Biofuel

Port of Rotterdam renews fleet deal for VARO HVO100 bunker fuel

Port has been using VARO’s HVO100 for its fleet since 2018; bio bunker fuel is made entirely from sustainable materials and reduces fleet’s CO2 emissions by up to 89%.

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Port of Rotterdam renews fleet deal for VARO HVO100 bunker fuel

The Port of Rotterdam Authority on Thursday (15 February) said it will continue using clean marine fuel and energy for its vessels and emergency power facilities, such as radar stations. 

Port of Rotterdam Authority CEO and ad interim COO Boudewijn Siemons signed a new agreement with VARO Energy Group.

In the Port Authority’s tender process for the cleanest usable energy carrier, VARO’s products came out best. Since 2018, the port of Rotterdam has been using VARO’s HVO100 (100% Hydrotreated Vegetable Oil) for its fleet. 

The biofuel is made entirely from sustainable materials, and reduces the fleet’s CO2 emissions by up to 89% compared to conventional diesel fuel. 

The biofuel can be mixed with conventional diesel in any ratio and is suitable – without modifications – for all current diesel engines. For this reason, HVO is a very accessible and cost-efficient way to reduce CO2 emissions.

Port of Rotterdam Authority’s policy is to transition gradually to emission-free vessels from 2025 forward. The supplier was therefore presented with the challenge to brainstorm about providing different forms of fuels and oils, also in light of Port of Rotterdam Authority’s air quality goals. This could include alternative energy carriers such as hydrogen, methanol, biofuel and other synthetic fuels.

 

Photo credit: Port of Rotterdam
Published: 19 February, 2024

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