MOL inks MOU with Hy2gen Deutschland to study e-methanol as bunker fuel
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by Admin
Japanese shipping company Mitsui O.S.K. Lines (MOL) on Wednesday (25 October) said it signed a memorandum of understanding (MoU) with HY2GEN Deutschland GmbH which includes a joint study of supply solutions using e-methanol as a bunker fuel for vessels operating in the Atlantic region.
Hy2gen Deutschland is planning to produce e-methanol in a project in Lower Saxony, Germany, starting in 2028.
Utilising clean e-methanol, which is produced by synthesising green carbon dioxide (CO2) and hydrogen produced by using renewable energy, MOL said the duo aimed to significantly reduce greenhouse gas emissions compared to currently existing marine fuels.
MOL Group aims to have 90 LNG or methanol-fuelled vessels in service by 2030 .In addition, with growing worldwide interest in methanol as a bunker fuel, MOL will promote its initiatives to secure the necessary capacity, not only in terms of fleet planning of methanol dual fuel vessels, but also building a supply chain of low and decarbonized methanol as a marine fuel.
In a separate statement, Cyril Dufau-Sansot, CEO of Hy2gen, said: “We are proud to become a close partner and supplier to such a global player in the shipping industry. We are looking forward to supporting MOL with our products. The renewable methanol from Friesoythe will be important for the decarbonisation of the shipping industry worldwide.”
The renewable methanol will be produced at the Friesoythe site, near the C-Port on the Küstenkanal. Renewable hydrogen and CO2 from a neighbouring biogas plant make the methanol a renewable fuel of non-biological origin (RFNBO) according to the Delegated Act definition of the EU. Production at the plant is scheduled for early 2028.
Photo credit: Mitsui O.S.K. Lines
Published: 26 October, 2023
