Jones Act-compliant shipping company Rose Cay Maritime (RCM) has sealed a deal with Maersk partner Carbon Sink LLC, a green methanol manufacturer, in a strategic alliance for low-carbon maritime fuels.
The agreement outlines a plan for increasing green fuel production, transportation, bunkering and storage specifically tailored for the shipping sector.
Carbon Sink CEO Steve Meyer said about the agreement that “Rose Cay Maritime is the ideal partner to help Carbon Sink deliver our carbon-neutral fuels to our customers.”
Carbon Sink, which is developing large-scale green methanol production facilities across the U.S., says that Rose Cay Maritime’s capabilities will provide it with a “robust platform to seamlessly link its green methanol projects to customers by offering end-to-end logistic solutions.”
It notes that, last November, it signed a letter of intent with global shipping giant A.P. Moller-Maersk to deliver 100,000 tonnes of green methanol annually from its debut plant.
The plant is slated to commence production in 2027 and Maersk is expected to purchase the full volume of fuel produced, with options for future Carbon Sink facilities.
This is Maersk’s 8th such agreement in the efforts to accelerate global production of green methanol.
Alex Parker, CEO of RCM, said “Carbon Sink is a leader in the creation of state-of-the-art green methanol plants that will help drive a material shift in the shipping industry’s decarbonization initiatives that aligns with Rose Cay’s sustainability goals.”
He added that “Together, we look forward to providing much-needed green methanol production and supply chain solutions to meet growing demand from the ambitious decarbonization goals of the maritime industry.”
