Singapore Methanol Collaborates to Promote Sustainable Marine Fuel Solutions

Global Energy Overseas, a subsidiary of Global Energy International, has entered into a memorandum of understanding (MoU) with Singapore Methanol to advance sustainable maritime fuel solutions. The collaboration aims to develop and promote bio-methanol as an eco-friendly bunker fuel option to support the decarbonization of the shipping industry. The partnership will involve projects such as FuelEU Maritime compliance pooling, green methanol storage and distribution, and exploration of advanced alternative marine fuels. Both companies share a commitment to reducing greenhouse gas emissions and meeting regulatory requirements for carbon intensity reduction.

Singapore Methanol’s CEO, Charles Shang, expressed excitement about the partnership, highlighting its importance in advancing Singapore as a key player in the global green methanol landscape. He emphasized the company’s expertise in bringing innovative, sustainable fuel solutions to the maritime sector. Global Energy Overseas’ Managing Director, Loh Hong Leong, emphasized the company’s dedication to providing reliable and forward-thinking fuel solutions for a sustainable future. Working with Singapore Methanol opens new opportunities for collaboration on low-emission fuels, helping clients meet regulatory standards and contribute to a greener industry.

This partnership comes at a crucial time for Singapore, the world’s busiest transshipment hub and largest bunkering port, as it experiences a growing demand for greener fuels. In 2023, bunker sales in Singapore reached a record 51.8 million tonnes, with alternative fuels accounting for 1.2% of the sales. The Port of Singapore conducted the world’s first ship-to-containership methanol bunkering operation onboard the Laura Maersk in July 2023. Additionally, Singapore welcomed its first methanol bunkering vessel, the MT Maple, built by Sasaki Shipbuilding in Japan, in December 2023.

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