Methanol Bunkering Projects: Companies and Ports Driving the Transition to Zero Emissions in Shipping by 2050

2023-08-21 12:48:43

Interest in methanol as an alternative fuel has grown in the shipping industry, which is striving to achieve zero emissions by 2050.

You will find below a list of methanol bunkering projects carried out by companies and ports:

COMPANIES:

*A.P. Moller-Maersk

Maersk received the world’s first methanol-powered container ship in July. It has ordered another 24 such vessels to help it reach its goal of using low-emission fuels to transport a quarter of its volumes by 2030.

HD Hyundai Heavy Industries plans to build a dozen more such vessels, 16,000 TEU (twenty-foot equivalent) in size, for delivery in 2024, while six 17,000 TEU vessels are scheduled for delivery. in 2025.

At the end of June, Maersk said it had ordered six 9,000 TEU vessels to be built by Yangzijiang Shipbuilding Group and delivered between 2026 and 2027.

*CMA CGM

CMA has ordered at least 18 vessels running on methanol. It ordered six 15,000-TEU containers from China State Shipbuilding Corporation (CSSC) last June, with delivery scheduled for 2025, and another 12 such vessels in April this year, in a record deal of $3 billion with CSSC.

*COSCO Shipping Holdings

The company last October ordered 12 24,000 TEU methanol-powered vessels, worth nearly $2.9 billion, to be delivered between the third quarter of 2026 and the third quarter of 2028. In June, the Chinese shipping giant has added four additional 16,000 TEU vessels to be built in Yangzhou.

In August, it took delivery of the Green Kotka, a 68,000 ton multipurpose pulp carrier built by Dalian COSCO KHI Ship Engineering Co. Ltd.

*HMM Company Limited

Nine 9,000 TEU dual-fuel methanol vessels will be delivered to HMM between 2025 and 2026. They will be built by Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding & Construction (HJSC) in Yeongnam Port.

*Stena Bulk

The oil company partnered with methanol producer Proman and completed its first barge-to-ship methanol bunkering on the US Gulf Coast in the Port of Houston in April. Proman expects to receive the last two of the six methanol chemical tankers it has ordered by the end of 2023.

*Hafnia Ltd

Hafnia has ordered four 49,800 deadweight ton methanol chemical tankers to be built in Guangzhou, China. Three of the four ships will be delivered in 2025 and the fourth in 2026.

*Press feeders

The company will source green methanol from OCI Hyfuels in the Port of Rotterdam for the first 14 dual-fuel vessels arriving in Q2 2024.

Eastaway, part of X-Press Feeders, has also commissioned eight 1,170 TEU container ships that will likely begin operations in late 2024, and added six more 1,250 TEU container ships that will be delivered between 2025 and 2026.

PORTS :

*Chine

COSCO, CMA CGM and Shanghai International Port Group (SIPG) signed a memorandum of understanding in April to purchase, supply and deliver green methanol to major Chinese ports. In March, Maersk signed a memorandum of understanding with SIPG to explore refueling green methanol for its container ships in 2024.

*Singapore

Singapore carried out its first green methanol bunkering operation in July on a Maersk container ship. The project is the result of a collaboration between Maersk, Hong Lam Marine, American Bureau of Shipping, Mitsui & Co, OCI Global, Stellar Shipmanagement, Vopak Terminals and the Maritime and Port Authority of Singapore.

*Melbourne

In April, the port signed a memorandum of understanding with Maersk, Svitzer Australia, CMA-CGM subsidiary ANL, Stolthaven Terminals, as well as fuel producers HAMR Energy and ABEL Energy, to study the commercial feasibility the establishment of a green methanol bunker center at Australia’s largest container port.

*Sweden

The port of Gothenburg in January completed the first ship-to-ship methanol refueling on the Stena Germanica, the world’s first methanol-powered ferry. The port will partner with Inter Terminals Sweden (ITS) to develop a methanol storage facility by the end of 2023.

*Egypt

Alexandria National Refining and Petrochemicals (ANRPC) in May signed a $450 million deal with Norwegian company Scatec to produce Egypt’s first green methanol.

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