TotalEnergies Marine Fuels and Green Marine Bunkering signed a memorandum of understanding on a joint development study on methanol as a new marine fuel in Singapore.
Building on the combined experience and knowledge of both companies in bunkering operations, methanol production, decarbonization solutions and safe handling practices, TotalEnergies Marine Fuels and Green Marine Bunkering will study the feasibility to implement a viable methanol bunkering supply chain in the Asian country.
Shipowners are increasingly interested in methanol as a marine fuel, as industry data showed methanol was the second most popular alternative fuel choice for new vessel orders in 2022.
In the container ship segment, duel-fuelled methanol boxships orders have grown faster than all other orders. Methanol-fuelled vessels can use all types of methanol from grey methanol, more sustainable blue methanol, to carbon emission-neutral green methanol.
TotalEnergies Marine Fuels joined the Methanol Institute last year to connect with the methanol ecosystem, specifically with companies sharing TotalEnergies decarbonization goals, and identify opportunities of partnerships that will help advance and standardize the application of methanol as a marine fuel.
Currently, TotalEnergies produces approximately 700 KT per year of methanol in Germany and is working on various projects related to low-carbon methanol technologies.
One of TotalEnergies initiative is the e-CO2Met, a pilot project launched in June 2021 near TotalEnergies’ Leuna refinery in Germany, which will convert CO2 and renewable power into e-methanol.
Green Marine is headquartered in Denmark and has offices in Gothenburg, Geneva, Manila and Singapore. The value proposition covers the entire methanol marine fuel value chain from design to construction supervision, technical management and operations of methanol dual fuel ships, specialized methanol dual fuel crew training and bunkering.
GREEN MARINE’s methanol specialists are captains and chief engineers with first-hand knowledge from working onboard methanol dual fuel tankers since 2016. Additionally, the team was newbuilding construction supervisors of 16 methanol dual fuel MR tankers from 2015 to 2023, with 1st to 3rd generation MAN methanol dual fuel engine series.
Louise Tricoire, Vice President of TotalEnergies Marine Fuels, said: “This joint study is in line with our goal to offer our customers a suite of alternative sustainable fuels that will support the shipping industry’s decarbonization journey.”
Morten Jacobsen, Group CEO of GREEN MARINE, said: that “this methanol bunkering project in Singapore is imperative for the further acceleration of shipping’s transition to a cleaner future through methanol powered technologies.”