In the UK, The Loadstar reports at the Singapore International Bunkering Conference on October 9, CMA CGM’s Vice President of Bunkering and Energy Transition, Farid Trad, announced that the company is focusing on LNG as a preferred transitional fuel due to its scalability and years of use, while still keeping methanol as an option. Trad […]
In the UK at the Port of Felixstowe, Maersk launched the Alexandra Maersk, a dual-fuel methanol vessel, the fifth ship in a series of 18 dual-fuel methanol 16,000 TEU containerships scheduled for delivery in 2024 and 2025. The naming ceremony featured UK Maritime Minister Mike Kane who said, “This is exactly the kind of innovation […]
In Brazil, Braskem announced a collaboration with the University of British Columbia (UBC) to explore the feasibility of using an electrochemical reactor to produce methanol from CO, an important intermediate that can be obtained from CO2 Capture and Conversion. The project, which will last one year, is fully funded by Braskem as part of its […]
In Greece, Safety4Sea reports classification society DNV’s Alternative Fuels Insights database has revealed that 2024 has seen a significant shift towards alternative-fueled vessels, with a total of 335 new orders so far, marking a 25% increase compared to the same period in 2023. According to Jason Stefanatos, Global Decarbonization Director at DNV, despite a slow […]
In Delaware, Transparency Market Research reported that the global methanol market was worth $22 billion in 2023 and is expected to reach $32.9 billion by 2034. The report noted that the market is forecast to grow at a CAGR of 3.4% during the period. “Demand for methanol is expected to increase in Asia Pacific. Automobile, […]
In Singapore, Splash 247 reports Danish towage company Svitzer placed an order with Uzmar shipyard in Turkey for the world’s first tugboat powered by a combination of a 6MWh battery and dual-fuel methanol engines. Scheduled to perform a significant portion of its duties at Sweden’s port of Gothenburg, this 34.9-meter vessel is designed to operate […]
In Canada, Methanex Corporation announced that it has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a […]
In Canada, Methanex announced the acquisition of OCI Global’s international methanol assets for $2.05 billion. The deal includes two large methanol facilities in Beaumont, Texas, with a combined annual production capacity of 1.76 million tonnes of methanol. One plant also produces 340,000 tonnes of ammonia per year, marking Methanex’s entry into ammonia production. The acquisition […]
In The Netherlands, Offshore Energy reported that Swedish hydrogen fuel cell provider PowerCell has obtained approval in principle (AiP) from classification society DNV for a new methanol-to-power solution that combines a methanol reformer with a fuel cell system. The report stated that the new solution has a fully integrated methanol reformer from RIX Industries combined […]
In Nigeria, Nairametrics reports the China Road and Bridge Corporation signed a $3.3 billion agreement with Nigeria’s Brass Fertilizer and Petrochemical Company Ltd. for the development of the Brass Industrial Park and Methanol Complex in Bayelsa State, Nigeria. This significant partnership, signed during the Forum on China-Africa Cooperation in China, is aimed at bolstering Nigeria’s […]
