- Shipowners will have increased access to clean, compliant and sustainable marine fuel from today as methanol goes live on the Powerzeek Energy Platform.
- The listing of methanol will happen with support of the Methanol Institute and endorsement from major methanol producers on its Marine Fuels Committee.
- There are 12 methanol-fuelled ships constructed to equivalent class and flag rules already in operation with another 10 on order.
- And inclusion in the Code should shorten the time to approval and even lower the cost of constructing tankers, bulkers and containerships using methanol as fuel.
A Shipinsight article published in recent times brings out the interesting aspect of methanol as the clean, compliant and sustainable marine fuel.
First bunkering Technical Reference
The first bunkering Technical Reference for Methanol was published in 2020 by Lloyd’s Register and fuel suppliers are gearing up to increase capacity for Methanol bunkering volumes.
“Methanol’s inclusion on the Powerzeek platform recognises the strong indication of building demand for methanol as a compliant bunker fuel with significant net carbon neutral credentials and regulatory acceptance,” says Chris Chatterton, Chief Operating Officer, The Methanol Institute.
“Methanol is seen as a credible and cost effective way to not only meet, but exceed IMO GHG reduction thresholds, now and in the future.”
IMO’s Maritime Safety Committee
In November 2020, IMO’s Maritime Safety Committee adopted interim guidelines on the use of methanol as a marine fuel, enshrining ethyl and methyl alcohols as options for marine fuel.
It is a milestone the MI believes will be catalyst for more ship operators to consider methanol as a low carbon compliance option.
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Source : Ship Insight
