Mitsui O.S.K. Lines, Ltd. announced that on November 4, the methanol carrier “Capilano Sun”, which can run on either heavy oil or low-environmental impact methanol fuel, was delivered at Hyundai Mipo Dockyard, in a press release published on their website.
Long-term contract
The vessel will be chartered from Hisafuku Kisen K.K., and Waterfront Shipping Company Limited will charter the vessel from MOL under a long-term contract.
As previously reported, in July, MOL purchased a 40% interest in Waterfront.
Methanol as a marine fuel
MOL operates 18 methanol carriers, including Capilano Sun, and in 2016, started owning and operating dual-fuel vessels that can run on methanol as a marine fuel. The company claims to currently operate four of the 13 methanol dual-fuel tankers in service around the world.
According to MOL, these methanol dual-fuel vessels can reduce emissions of sulfur oxide (SOx) by up to 99%, particulate matter (PM) by up to 95%, nitrogen oxide (NOx) by up to 80%, and carbon dioxide (CO2) by up to 15%, compared to vessels using conventional fuel oil.
Advanced low-emission vessel
The “Capilano Sun” is the most advanced low-emission vessel, which adopts advanced technology that adjusts the combustion temperature by mixing water into methanol fuel and can meet Tier 3 NOx regulations without a scrubber.
Environmental circulation-type business
In the future, dual fuel methanol carriers, said MOL, ‘can become an environmental circulation-type business, by synthesising the carbon dioxide from carbon capture methods, CO2 carriers, with hydrogen derived from renewable resource based electricity such as offshore wind power and wave power.
‘The methanol produced from the cycle can be used or provided as fuel, which will reduce the net CO2 emission,’ MOL added.
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Source: MOL
