In South Korea, Plagen and Taebaek City signed an agreement to build a 10,000-ton-per-year clean methanol production facility, set to begin operation in 2027. Taebaek will leverage its abundant forestry byproducts and renewable energy infrastructure to secure raw material supply. Plagen CEO Kyung Kook-hyun said, “Taebaek is the optimal location for clean methanol production and […]
In Singapore, Ocean Network Express held the naming ceremony for its first self-owned newbuild container ship, ONE Sparkle, at Hyundai Heavy Industries in Ulsan, South Korea, on February 14. The 13,800 TEU vessel is part of a 20-ship series designed for future methanol and ammonia fuel use, with deliveries planned through 2026. “The naming of […]
In China, Xinde Marine News reports COSCO Energy signed a contract with COSCO Shipping Heavy Industry to build six tankers—two Aframax, two LR2, and two Panamax vessels—all designed for methanol dual-fuel operation or methanol-ready compliance. According to COSCO Energy, methanol-fueled ships can cut annual CO₂ emissions by approximately 24,000 tons, aligning with EU carbon tax […]
In Spain, Magnon Green Energy, a subsidiary of the Ence Group, is planning a renewable fuels facility in Huelva that will integrate biogenic CO₂ capture, an electrolysis plant for green hydrogen production, and methanol synthesis, with an annual capacity of 250,000 tonnes of renewable methanol. The project is intended to support the transition from fossil-based […]
In Hong Kong, China Daily reported the Minhou, China’s first methanol-diesel dual-fuel cargo vessel, completed its maiden voyage from Shanghai to Chongqing, marking a step toward cleaner inland shipping. Built by Minsheng Industrial, the vessel is one of the first in China to run on methanol and is designed to carry both standard and rail-wide […]
In India, the Manifold Times newspaper reports Bapu’s Shipping Jamnagar has signed a Memorandum of Understanding with Deendayal Port Authority to develop a methanol bunkering facility that will support the country’s first bio-methanol bunker barge. The ports of Shanghai, Ulsan, Singapore, and Rotterdam are already developing methanol bunkering facilities, pushing India to join the race […]
In Germany, an €18.7 million project funded by the German Federal Ministry of Economics and Technology launched on January 24 to develop fuel cell technology for cruise ships, aiming to reduce emissions and bring climate-neutral propulsion to the sector. The zero4cruise initiative focuses on Proton Exchange Membrane fuel cell systems, with initial 250-kilowatt units scalable […]
In the UAE, TA’ZIZ awarded a $1.7 billion EPC contract to Samsung E&A on February 3 to construct one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi, aiming to boost the UAE’s chemical industry and economic diversification. The 1.8 million tons per annum facility will be the country’s […]
This is a presentation given by Lotte Rosenberg, CEO of Carbon Recycling International (CRI), at the ABLC San Francisco conference in October 2024. It highlights CRI’s role in decarbonizing transportation through their innovative technology that transforms captured carbon dioxide (CO2) into sustainable methanol. The presentation showcases CRI’s global leadership with multiple plants in operation and […]
In Singapore, Manifold Times reports on January 27, Hafnia and its joint venture partner Socatra of France held a naming ceremony at Guangzhou Shipyard International for Ecomar Gascogne, the first of four 49,800 dwt methanol dual-fuel MR tankers. The newbuilds mark Hafnia’s entry into the dual-fuel methanol segment, with the remaining vessels set for delivery […]
