Singapore-India green shipping corridor seeks to make 1M tons of biomethanol available by 2030
In Singapore, Novel Biofuels, ACTUAL, and the Government of Maharashtra recently announced a commitment of more than one million metric tons of biomethanol available from 2030 to serve global shipping lines seeking secure, long-term access to clean maritime fuel. The commitment establishes the largest contracted supply position on the India–Singapore Green Shipping Corridor, a route on which industrial-scale supply at this volume has until now been absent. According to a study conducted by RMI, an independent U.S.-headquartered global think-tank, the Rotterdam–VOC–Singapore corridor could support a combined demand of 7 million tons per year (MTPA) of green methanol by 2030.
Category: Fuels
