Shipowners must find cleaner energy pathways to comply with current and future IMO decarbonization goals. These pathways will require major investment for a new-build vessel that may have a working life of 20-25 years; requiring long-term, innovative, cost-effective, future-proofed, and truly sustainable strategies and solutions.
Methanol meets all these demands; with many advantages when used as marine fuel. These include its clean-burning properties, minimal environmental impact from accidental spills, cost economics, and safer and simpler storage and handling compared to other alternative fuels currently being proposed for the shipping industry - including LNG, hydrogen, and ammonia.
Points to be addressed:
• Why Methanol?
• What are the technological and operational challenges posed by the use of methanol as a marine fuel?
• Green ship finances
• What is the Global availability of Methanol?
• What are the new developments concerning DF Methanol engines?
• Methanol economics, pricing & availability?
• Methanol and de-carbonization
• What is the impact of Maersk’s decision to use methanol as fuel in some of its vessels?
• Is there sufficient global capacity available or in the pipeline to produce methanol? What will be its impact on methanol pricing in the future?
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