OCI – Investments Firms Ink Strategic Partnership

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  • Chemical producer OCI has launched a strategic alliance with investment firms ADQ and Alpha Dhabi Holding with the aim of developing the global market for methanol as a fuel.
  • The platform will focus on clean methanol as a future fuel, OCI said in a statement on its website on Tuesday.
  • The deal is expected to be finalised this year.
  • The nascent methanol bunker industry has received a major boost this year from shipping giant AP Moller-Maersk announcing that its first zero-carbon ship orders would be for methanol-fuelled tonnage.

OCI, a chemical company, has formed a strategic partnership with investment firms ADQ and Alpha Dhabi Holding to expand the worldwide market for methanol as fuel as reported by Ship & Bunker.

Fuel agreement

According to a statement posted on OCI’s website on Tuesday, the platform will focus on clean methanol as a future fuel. The agreement is set to be finalised this year.

The business said in a statement that “OCI Methanol Group has been a pioneer in developing clean methanol, supplying clean methanol to blue-chip customers in many industries, including transportation.”

“Methanol is a key enabler of the hydrogen economy and one of the most logical hydrogen fuels.”

“Methanol will be key to decarbonizing the marine industry, and the strategic alliance enables OCI Methanol to drive and accelerate the transition to a hydrogen economy.”

The nascent methanol bunker industry has received a major boost this year from shipping giant AP Moller-Maersk announcing that its first zero-carbon ship orders would be for methanol-fuelled tonnage.

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Source: Ship & Bunker

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