On Tuesday, FCBI Energy released a new Methanol Institute commissioned report titled Methanol as a Marine Fuel.
The report finds that methanol is abundant, biodegradable, emissions compliant, available globally and current bunkering infrastructure only requires minor modifications to handle methanol as a marine fuel.
The Methanol Institute’s CEO Gregory Dolan noted: “Traditionally one of the world’s most widely shipped chemical commodities, methanol now has an historic opportunity to move from ship’s cargo holds to their fuel bunkers. As this report documents, methanol’s use as a marine fuel provides shippers and port facilities with an affordable option for compliance with tightening emission requirements. Produced from a wide range of feedstocks – including a variety of renewable pathways – methanol provides an ideal pathway to sustainable shipping.”
In the report’s Forward, Carl-Johan Hagman, CEO of Stena Line stated: “The handling and installation of a liquid like methanol had clear advantages over gas or cryogenic fuels regarding fuel storage and bunkering.”
Hagman noted that the new methanol report should “raise awareness of this marine fuel and serve as an important source of facts to anyone looking for a greener shipping fuel.”
The report is authored by Professor Karin Andersson of the Department of Shipping and Marine Technology at Chalmers University of Technology, Sweden.
The report covers topics such as methanol’s compliance with legislation, costs of ship conversion, methanol supply, and environmental impacts. The Methanol as a Marine Fuel report is available as a free download HERE. More information from ShipandBunker is available here.