The Methanol Institute (MI) has published the first comprehensive guide to methanol as a marine fuel. As the shipping industry continues its transition towards net carbon-neutral operations, owners are increasingly choosing methanol as a fuel that can help them progressively reduce emissions in line with regulatory targets.
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Titled ‘MARINE METHANOL Future-Proof Shipping Fuel’ the guide has been produced to help stakeholders across the industry access the information they need to support decision-making on which alternative fuel is right for their fleet.
Sections of the report address regulatory drivers, environmental performance, engines and fuel systems, bunkering, handling and safety characteristics, costs and pricing, availability, and feedstocks for conventional and renewable products.
Methanol has staked a significant claim to be among the serious fuel choices for vessel designers, owners, and operators looking to make a start on their transition to sustainable operations. While there won’t be a single decarbonization solution, it is clear that methanol has advantages that combine to provide a pathway to lower carbon and ultimately carbon-neutral operations. This report provides a clear roadmap for this journey, said Greg Dolan, CEO of MI.
Rapid growth across the value chain
The orderbook for methanol fuelled ships has grown rapidly with owners and operators specifying the fuel for use on ships from the largest containerships to small pilot boats.
In between is the growing fleet of methanol carriers, bunker tankers, bulk carriers, heavy-lift vessels, cruise ships, ferries, and superyachts.
Approved for use as fuel under the International Maritime Organization (IMO) IGF Code, the momentum for methanol as fuel has increased as studies, analysis, and guidance – much of it supported by the Methanol Institute – have been published.
Propulsion systems include tried and tested two-stroke main engines, four-stroke units, and fuel cells using methanol for conversion to hydrogen. Main engine manufacturers report considerable order backlogs and are developing ever larger, higher-capacity units.
Studies and pilots continue to prove the effectiveness of converting smaller main engines to methanol operations.
Shipowners have recognized that methanol provides them with huge flexibility in introducing a low-pollution, lower-carbon fuel that is closest to a drop-in available in the market. The decision by more and more leading shipping companies to adopt methanol as fuel signals that the industry recognizes the need to start its transition to net carbon neutrality now; this publication can support their decision-making process, said Chris Chatterton, Chief Operating Officer at MI.