Bunker Holding and SyntexNRG enter renewable methanol production deal

In New York state, Bunker Holding A/S and SyntexNRG Inc. have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located around the world.

Commenting on the announcement, Carlos G. Torres, Global Head of Methanol and Strategic Partnerships at Bunker Holding A/S, says: “Bunker Holding recognizes methanol as one of the most ready-to-transition future fuels for the industry. This need to secure access to green methanol, considered a top choice for decarbonizing the marine industry, forms the basis and essence of the partnership between SyntexNRG and Bunker Holding as shown with this agreement.”

Torres adds: “We pride ourselves on being a solution-driven provider to our clients. Our role in the market has been around aggregating demand from our customers and providing the most cost-effective supply solutions, through our widely experienced global organization. With the transition to low-carbon marine fuels, we see our role evolving to better serve our customers’ needs in the future. One of the key roles that we would play in this low-carbon world, is enabling the entrance of new producers of the new fuels and providing a valuable way to aggregate supply from multiple sources and geographies and marry that supply with our customers’ demand around the world. We view our relationship with SyntexNRG as very valuable and strategic to enable that new and evolving position for us in the industry.”