Abel Looking To Provide Green Methanol For Singapore’s Bunker Market 

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Australia-based ABEL Energy has announced that it is looking to accelerate the potential construction of a manufacturing plant at the Cleveland Bay Industrial Park in the Townsville State Development Area to produce 400,000 tonnes per annum of green methanol marine fuel.

MPA completed

In a statement issued on Thursday (14 March), ABEL Energy said that it has completed a Maritime and Port Authority of Singapore (MPA) tender for the supply of green methanol and it was ‘pleased to hear the recent news from Hon PM Albanese that a Green and Digital Shipping Corridor is being established’.

Memorandum signed

As previously reported, the two countries formalised their cooperation on establishing a Green and Digital Shipping Corridor by signing a Memorandum of Understanding (MoU) on 5 March 2024.

ABEL Energy’s current flagship project is Bell Bay in Tasmania. Looking ahead, an MoU has been signed between Port of Melbourne, Maersk, ANL, Svitzer, Stolthaven Terminals, HAMR Energy and ABEL Energy to explore the commercial feasibility of establishing a green methanol storage and bunkering hub at the Port of Melbourne.

ABEL Energy said that it is finalising a feasibility assessment for the Townsville Project.  A final investment decision is expected by the end of 2027, with operations commencing in 2029.

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Source : bunkerspot