PTT Exploration and Production Public Company Limited (PTTEP), Air Liquide, YTL PowerSeraya Pte. Limited, Oiltanking Asia Pacific Pte. Ltd., Kenoil Marine Services Pte Ltd, and A.P. Moller – Maersk A/S on Wednesday (6 April) signed a Memorandum of Understanding (MoU) to start a ‘Green Methanol Value Chain Collaboration’ feasibility study project.
The study, due for completion by the end of 2022, will explore the technical and economic feasibility of establishing a green e-methanol pilot plant with a minimum production capacity of 50,000 tons per annum (TPA) – the first of its kind in Southeast Asia.
“This MoU marks a pivotal step towards transforming captured biogenic CO2 and green hydrogen produced from renewable electricity into green e-methanol, making this low carbon fuel commercially accessible for the maritime industry,” said the six partners in a joint statement.
The Maritime and Port Authority of Singapore (MPA) welcomes the formation of this industry partnership and its plan to leverage on Singapore’s hub port and research ecosystems to conduct feasibility studies on the set up of a pilot plant and running of bunkering trials on green e-methanol.
Green e-methanol is being considered as one of the candidates for alternate fuel to meet IMO 2030/2050 goals, and this project will potentially yield a substantial carbon reduction impact.
As one of the world’s premier maritime bunkering hubs, Singapore will serve as an ideal location to take this important step towards exploring alternative future fuel solutions to advance the multi-fuel transition of the global shipping industry.
The project has the strong potential to support industry adoption and realisation of climate neutrality goals, making a meaningful contribution to the global efforts to reduce greenhouse gas emissions.
Photo credit: Methanol Institute
Published: 6 April, 2022
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