Methanex And MOL Complete First-Ever Net-Zero Voyage

446
Credit: Venti Views/Unsplash

The Cajun Sun, operated by Methanex’s subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar, U.S. on January 17 and arrived in Antwerp, Belgium on February 4, says an article published on their website.

Net-zero greenhouse gas emissions

By blending ISCC-certified bio-methanol that has negative carbon intensity with natural gas-based methanol, net-zero greenhouse gas emissions on a lifecycle basis were achieved for the 18-day trans-Atlantic voyage.

This innovative fuel solution offers shipping companies the ability to achieve net-zero carbon emissions today, supporting the industry’s transition to a low-carbon future.

Storage and e-methanol

“We’re proud to bring the marine industry a tangible solution to transition towards net-zero emissions through our blended methanol product using bio-methanol produced from renewable natural gas at our facility in Geismar, U.S.,” said Mark Allard, Methanex’s Senior Vice President, Low Carbon Solutions.

“As the world’s largest methanol producer, we are establishing a network of relationships with leading renewable natural gas suppliers and assessing other pathways, including carbon capture and storage and e-methanol, to provide solutions for the marine industry and other customers.”

Net-zero voyage

“We’re pleased to complete the net-zero voyage by utilizing bio-methanol. This is another example of what we can collectively accomplish in our long-term partnership with Methanex and Waterfront Shipping that was solidified in early 2022 when we purchased a 40 per cent interest in Waterfront Shipping,” said Kazuhiro Takahashi, MOL’s Executive Officer responsible for Bunker Business Division.

Environmental impact

“MOL, as a pioneering shipping company, is committed to reducing the environmental impact of the shipping sector. The use of methanol, which can be readily adopted today, is one of the very promising alternative fuels. We are also contributing to various stages of supply chain through the development and usage of alternative fuels in the global shipping industry.”

First ocean-going methanol

The use of methanol as an alternative marine fuel was pioneered by Waterfront Shipping in 2016 when Methanex, Waterfront Shipping and MOL, in conjunction with other key partners, jointly built the world’s first ocean-going methanol dual-fuel tanker, “Taranaki Sun.”

Lower-carbon marine

For more information about methanol as a lower-carbon marine fuel, visit methanex.com or for further details on the voyage, please reach out to the media contacts below.

Did you subscribe to our newsletter?

It’s free! Click here to subscribe!

Source: MOL