Methanol Institute’s Post

From new engines to retrofit solutions, design approvals to vessel orders and bunkering agreements, methanol was everywhere in 2023, but as Gregory Dolan, CEO of The Methanol Institute discusses in Bunkerspot, the transition process to a cleaner shipping industry continues. So, what does 2024 have in store for methanol as a marine fuel? The signs are certainly positive; methanol provides a practical, implementable pathway for the maritime industry regarding timescale, regulation, and fuel production. The technology is in place: proven, approved, and straightforward to implement in practice. As the IMO develops its own GHG lifecycle guidelines this year, it will be important to adopt a transition approach that facilitates the contribution of conventional, blue, and green fuels towards targets for low carbon and for net carbon neutral emissions. A market mechanism will ultimately be essential and is something the industry needs to work together to promote. We will continue providing the support the industry needs, from newbuilding and retrofit decisions, informing regulation and policy, and promoting the infrastructure enabling the energy transition. https://bit.ly/35fAEtR #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

From new engines to retrofit solutions, design approvals to vessel orders and bunkering agreements, methanol was everywhere in 2023, but as Gregory Dolan, CEO of The Methanol Institute discusses in Bunkerspot, the transition process to a cleaner shipping industry continues. So, what does 2024 have in store for methanol as a marine fuel? The signs are certainly positive; methanol provides a practical, implementable pathway for the maritime industry regarding timescale, regulation, and fuel production. The technology is in place: proven, approved, and straightforward to implement in practice. As the IMO develops its own GHG lifecycle guidelines this year, it will be important to adopt a transition approach that facilitates the contribution of conventional, blue, and green fuels towards targets for low carbon and for net carbon neutral emissions. A market mechanism will ultimately be essential and is something the industry needs to work together to promote. We will continue providing the support the industry needs, from newbuilding and retrofit decisions, informing regulation and policy, and promoting the infrastructure enabling the energy transition. https://bit.ly/35fAEtR #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

The Methanol Institute has prepared a position paper outlining key considerations for building the life-cycle approach behind the International Maritime Organization’s Greenhouse Gas Reduction Strategy. This brief identifies LCA components to simultaneously ensure the effectiveness of IMO’s measures and support the integration of low-carbon and net-carbon neutral fuels into the global marine fuel pool. It also suggests additional components complimentary to LCA, including a mass balance approach, blended fuels, book and claim, and onboard carbon capture. https://bit.ly/35fAEtR #methanol #alternativefuel #renewable #cleanfuel #futurefuel #energytransition #sustainable

The Methanol Institute has prepared a position paper outlining key considerations for building the life-cycle approach behind the International Maritime Organization’s Greenhouse Gas Reduction Strategy. This brief identifies LCA components to simultaneously ensure the effectiveness of IMO’s measures and support the integration of low-carbon and net-carbon neutral fuels into the global marine fuel pool. It also suggests additional components complimentary to LCA, including a mass balance approach, blended fuels, book and claim, and onboard carbon capture. https://bit.ly/35fAEtR #methanol #alternativefuel #renewable #cleanfuel #futurefuel #energytransition #sustainable

The Methanol Institute has prepared a position paper outlining key considerations for building the life-cycle approach behind the International Maritime Organization’s Greenhouse Gas Reduction Strategy. This brief identifies LCA components to simultaneously ensure the effectiveness of IMO’s measures and support the integration of low-carbon and net-carbon neutral fuels into the global marine fuel pool. It also suggests additional components complimentary to LCA, including a mass balance approach, blended fuels, book and claim, and onboard carbon capture. https://bit.ly/35fAEtR #methanol #alternativefuel #renewable #cleanfuel #futurefuel #energytransition #sustainable

The challenge will be producing enough sustainable feedstock for this explosion in demand. Our goal is to be one of the largest, if not the largest, biomass producers in the world and have amassed the land to accomplish this.

Methanol is moving as a marine fuel.

Methanol is the future fuel today And it’s been used in the marine sector right now

🚢 The Maritime Industry's Energy Transition Has Begun! 🌍 Recently, Jaewoo Choi presented on the "Status of DF Conversion," highlighting major changes in the maritime industry: * Achieving IMO GHG Targets: Market measures agreed upon in 2025 and enforced by 2027 will reduce greenhouse gas emissions. * Dual-Fuel Engines: Newbuildings can incorporate dual-fuel engines combined with energy-saving technologies for more efficient operations. * Dual-Fuel Conversion for Existing Engines: Existing electronically controlled engines can be converted to dual-fuel to meet IMO targets. * Diverse Future Fuels: Many engines powered by methanol will be available in the coming years. * Ammonia Development: Successful ammonia development is underway, with pilot projects ongoing and full sales expected by the end of 2024. This is a crucial time for a sustainable future in the maritime industry. For more information, check here! https://lnkd.in/gaUap_Fc

🌊 The maritime industry is navigating towards a greener future, and methanol is emerging as a promising alternative fuel. Here's a glimpse into the key technologies and the prospects for methanol-fuelled vessels: https://rb.gy/4f21wf - Methanol Production: Leveraging renewable energy sources for methanol production can significantly reduce the carbon footprint of shipping. - Engine and Fuel System Technologies: Advanced dual-fuel engines and retrofit solutions enable the use of methanol, ensuring compatibility with existing maritime infrastructure. “CCS Guidelines for Ships Using Methanol/Ethanol Fuel (2022)”. - Environmental Benefits: Methanol offers cleaner combustion with lower emissions of NOx, SOx, and particulate matter compared to conventional marine fuels. - #Safety and #Regulations: Stringent safety protocols and regulatory frameworks are essential to ensure the safe adoption of methanol as a marine fuel. CCS has developed comprehensive capabilities for both qualitative and quantitative risk assessments of methanol fuel, including hazard identification (HAZID), hazard and operability studies (HAZOP), diffusion analysis, and fire and explosion simulations. 🚢 The transition to methanol not only aligns with global #decarbonization goals but also represents a significant step towards sustainable and efficient maritime transportation. #MaritimeInnovation #GreenShipping #MethanolFuel #SustainableFuture #MarineTechnology #CleanEnergy