Proman Stena Bulk Ltd, a UK-headed joint venture (JV) between Proman Shipping AG, part of Switzerland-headed Proman Group, a leading global methanol producer, and Stena Bulk AB, one of the world’s largest tanker shipping companies and part of Sweden-headed Stena Sphere, has formally named its first state-of-the-art newbuild IMOIIMeMAX methanol-fuelled 49 900 DWT vessel. The first in-person Naming Ceremony for Stena Pro Patria was held in Port of Spain, Trinidad and Tobago.
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“Stena Pro Patria” is the first of three methanol-fuelled vessels delivered in 2022 to the joint venture and held in Trinidad and Tobago, one of Proman’s global production hubs.
A further three newbuilds for Proman Stena Bulk’s fleet of low-emission methanol-fuelled tankers are due for delivery between now and 2024.
This naming ceremony for Stena Pro Patria in Trinidad and Tobago is another important milestone for Proman Stena Bulk. Every step our joint venture takes proves the viability of methanol as a marine fuel and underlines that it is technically feasible, with the right knowledge and backing, to be used in operation today, said Erik Hånell, President and CEO of Stena Bulk.
We are honoured to lead methanol’s development and scaling within the industry and to be working closely with Proman on our shared vision for methanol. Finally, we must also recognise the role that Trinidad and Tobago has played in making this naming ceremony a reality. As an important methanol shipping hub, there was no better place to hold this important event for Stena Pro Patria and our joint venture Erik Hånell said.
A first for Trinidad and Tobago
The naming ceremony was the first for a methanol-fuelled newbuild in Trinidad and Tobago and was attended by Trinidad and Tobago’s Prime Minister, the Honourable Dr Keith Rowley, as well as the Minister of Energy and Energy Industries the Honourable Stuart Young.
Proman is the largest investor and employer in the Point Lisas Industrial Estate, which is home to Trinidad and Tobago’s downstream petrochemicals sector.
Stena’s leadership, including William Olsson, Chairman of Stena Sessan AB and Board Member of Stena AB; Erik Hånell, President & CEO of Stena Bulk AB; and Markus Lindbom, CEO of Stena Rederi AB, had an opportunity to visit Proman’s fourteen petrochemical production facilities in the Point Lisas Industrial Estate, as part of a plant tour led by Proman’s Chief Executive David Cassidy.
Proman’s facilities include the world-scale M5000 methanol plant, which produces industry-leading low-carbon methanol by recycling carbon dioxide (CO2) produced from nearby ammonia plants.
Since 2006, almost 24 million tonnes of CO2 have been captured from both Proman’s own and neighbouring ammonia plants and re-used.
We were delighted to welcome our Stena partners to Trinidad and Tobago, which has huge potential as a future methanol bunkering hub. We share with Stena a commitment to accelerating the clean shipping transition, via our methanol-fuelled newbuilds and other initiatives, so it was particularly valuable to tour our methanol production facilities and reaffirm the low-carbon pathway for the maritime market, said David Cassidy, Chief Executive of Proman.
IMOIIMeMax setting a new benchmark for energy efficiency
Stena Pro Patria was delivered in June 2022 and according to Proman Stena Bulk, it has demonstrated an “unprecedently low” EEDI (Energy Efficiency Design Index) value while running on methanol.
The IMOIIMeMax vessel series benefits from industry-leading design improvements and technologies to maximise energy efficiency, resulting in an EEDI 11 percent below the 2025 Phase 3 requirements – setting a new benchmark for methanol-fuelled tankers and further proving the operational viability of methanol as a marine fuel.
Stena Pro Patria will use approximately 12 500 tonnes of methanol as fuel per year, which will significantly reduce the volume of greenhouse gas (GHG) emissions resulting from the vessel’s commercial operations compared to conventional marine fuels.
During his feature address, the Honourable Dr Keith Rowley, Prime Minister of Trinidad and Tobago outlined the potential for bunkering in Trinidad and Tobago to be a significant part of the country’s economic development.
We are one of the largest producers and exporters of methanol in the world, and we happen geographically to be on a place at the tip of South America, East of the Panama Canal where all these vessels are being encouraged to change their fuel consumption from the dirty fuel to clean fuel – and that fuel is available in Trinidad and Tobago. What we are aiming to do is to make Trinidad and Tobago a major refuelling hub for oceangoing vessels that can be refuelled by clean fuel, PM Rowley said.
The Naming Ceremony was held in Trinidad and Tobago to honour Stena Pro Patria’s connection to Dennis Patrick, the late Chief Executive of Proman’s subsidiary Methanol Holdings (Trinidad) Ltd (MHTL), for whom the vessel is named.
Stena Pro Patria is a very special vessel, as the first tanker in our joint venture with Stena Bulk and due to her deeper connection to the Proman family. It was a pleasure to bring everyone together, from Stena to our wider partners and employees here in Trinidad and Tobago, to give Stena Pro Patria the Naming Ceremony that she deserves, ended David Cassidy.
