The Deendayal Port Authority (DPA) in Kandla, India has partnered with Bapu’s Shipping (Jamnagar) Pvt. Ltd. (BSJPL) to provide bio-methanol bunkering services, marking a significant shift towards sustainable marine fuel solutions. This collaboration highlights India’s commitment to green energy objectives and supports global efforts to reduce carbon emissions in the maritime industry.
Global Energy Overseas, a subsidiary of Global Energy International, has partnered with Singapore Methanol to promote bio-methanol as a sustainable maritime fuel option. The collaboration aims to reduce greenhouse gas emissions and meet carbon intensity reduction goals in the shipping industry. This partnership will advance Singapore’s position in the global green methanol landscape.
The Methanol Institute’s white paper suggests that EU regulations like FuelEU Maritime and EU Emissions Trading System could boost bio- and e-methanol’s competitiveness against fossil fuels in the maritime industry. With penalties for fossil fuel use, these frameworks could drive the shift towards sustainable methanol, aiding the industry’s goal of net-zero emissions by 2050.
Shipping companies are navigating the complexities of the FuelEU Maritime regime to reduce compliance costs and penalties for failing to meet carbon intensity reduction targets. OceanScore is providing estimates on compliance surpluses available through pooling to assess costs and potential earnings. Companies must consider biofuel burning and pooling as cost-effective alternatives to penalty payments as regulations become stricter.
