Methanol Institute Highlights Methanol’s Role in IMO Net-Zero Plan

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Mfame Editor
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  • The IMO is preparing to decide on the adoption of the Net-Zero Framework (NZF), a landmark package to decarbonize global shipping.
  • The NZF introduces stricter fuel intensity standards, emissions pricing, and incentives for zero and near-zero fuels.
  • The Methanol Institute supports the framework, emphasizing methanol’s readiness and ongoing projects to scale low-carbon supply.
  • Adoption would provide investment certainty, accelerate the transition, and align shipping with global net-zero targets.

The International Maritime Organization (IMO) is approaching a critical decision that could shape the future of global shipping. In October, Member States will determine whether to adopt the Net-Zero Framework (NZF), a package of regulatory measures designed to accelerate decarbonization across the maritime sector. According to a report published by Nexstar Media Inc, the framework would provide clarity and confidence for investment in alternative fuels, while setting the course for the industry to reach its net-zero targets.

The Net-Zero Framework and Industry Readiness

The Net-Zero Framework represents the most ambitious step yet toward meeting the IMO’s greenhouse gas reduction goals. It outlines stricter fuel intensity standards, introduces a GHG emissions pricing system, and establishes incentives to expand the use of zero and near-zero fuels. Industry groups, including the Methanol Institute, strongly support the initiative, highlighting that global methanol production capacity is already sufficient to fuel today’s fleet, with more than 250 low-carbon and renewable methanol projects underway. Projections show that by 2030, between 7 and 14 million tonnes of renewable and low-carbon methanol could be available worldwide, signaling that supply will align with demand as shipping transitions to cleaner energy. Adoption of the framework would give shipping companies and fuel suppliers the stability needed to scale up investments, creating momentum for a sustainable and competitive maritime future.

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Source: EINPressWire