In China, Xinde Marine News reports construction began on China’s first methanol-powered inland ships, which will be deployed on the Xijiang River in Guangdong’s Zhaoqing City for waterway transport. A total of 50 ships are planned under the project, which aims to advance clean energy adoption in inland shipping. CIMC Enric subsidiary Blue Water Development […]
In Spain, Repsol’s Board of Directors gave the green light to invest in the Ecoplant, a pioneering project in Europe to transform urban waste into renewable fuels and circular products, adding a solution for reducing CO2 emissions in the transport sector, while at the same time promoting the circular economy. Located in Tarragona, this facility […]
In Italy, Fratelli Cosulich Group has placed an order for another 7,999 dwt IMO2 chemical bunkering tanker at Taizhou Maple Leaf Shipbuilding Co., Ltd. This newbuild vessel is designed to carry fuel oil, biofuels up to B100, and methanol, highlighting our commitment to sustainability and fleet excellence. The delivery of this methanol-ready vessel is scheduled […]
In China, The Hong Kong and China Gas Company Limited (Towngas) and Singaporean company Global Energy have signed a memorandum of understanding (MOU) to jointly advance the supply and distribution of green methanol as a marine fuel for the shipping industry. This strategic collaboration between Towngas and Global Energy integrates production and logistics capabilities to […]
In China, South China Morning Post reports Hong Kong and China Gas (Towngas) and Singapore’s Global Energy Trading signed a memorandum of understanding to develop a green methanol supply chain across Asia, focusing on decarbonizing the shipping industry, which aims to reach net-zero carbon emissions by 2050. Towngas began producing green methanol in 2023 at […]
In Germany, energy company Mabanaft announced a multi-million-euro project to convert four tanks at its Blumensand terminal in the Port of Hamburg for methanol storage, aiming to support northern Germany’s transition to low-carbon fuels by 2027. The tanks, with a combined capacity of 20,000 cubic meters, will be converted in two stages, pending approval from […]
In India, Reuters reported that India’s AM Green has partnered with Dubai-based global port and logistics firm DP World to develop infrastructure to export 1 million ton per annum (MTPA) each of green ammonia and methanol. The report noted that the partnership includes building infrastructure across the European Union, the Far East region, and the […]
In Malaysia, Dayak Daily reported Sarawak Petchem shipped 20,000 metric tonnes of methanol to China from Bintulu on January 14, marking a milestone in the state’s energy ambitions. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, speaking at the Tanjung Kidurong event, reflected on the project’s uncertain beginnings. “We were unsure at first…but I […]
In the UK, Lloyd’s List reported South Korea will invest Won1trn in green marine fuel infrastructure by 2030, starting with Ulsan Port, to meet rising demand for eco-friendly fuels and bolster its ports’ global competitiveness. The Ministry of Oceans and Fisheries and Korea Ocean Business Corporation launched the initiative, with funds split between Won400bn for […]
In New York, Straits Research reported that the global methanol market size is projected to reach $53.15 billion by 2033, up from $34.253 billion in 2025. The research firm noted that this market is expected to grow at a CAGR of 5.7% during the forecast period (2025-2033). “North America’s methanol market growth is driven by […]
