Maersk, OCI Global fuel first green methanol-powered boxship

OCI Global fuels first ever green methanol powered container vessel

OCI Global (Euronext: OCI) has announced it is fuelling the first ever green methanol-powered containership in partnership with A.P. Moller – Maersk (Maersk).

OCI will provide ISCC-certified green biomethanol to power the maiden voyage of Maersk’s first dual-fueled containership, in a pioneering step towards the decarbonisation of global shipping.

The journey aims to demonstrate OCI’s capacity to supply marine customers with end-to-end green methanol solutions in major global bunkering locations.

READ: Maersk adds six 17,000 TEU green containerships to fleet

The vessel will leave South Korea for its maiden voyage this summer, sailing along one of the world’s
busiest shipping routes to Northern Europe via the Suez Canal, bunkering at several major ports along
its journey.

OCI is obtaining the approvals and permits required to commercially bunker methanol in several ports on the ship’s voyage, including Port of Rotterdam, reportedly positioning OCI as the first commercial bunker operator of methanol in these regions.

As the maritime industry navigates increased regulation to accelerate decarbonisation, OCI anticipates incremental global demand for methanol at 4 million tonnes per year in the next five years, based on current orders from the marine sector.

READ: ONE adds 10 green ships to fleet

Through its OCI HyFuels brand, OCI is the largest green methanol producer globally.

It has led the development of green methanol application in vehicle fuels, now placing up to 200,000 tonnes per annum equivalent and is growing its suite of low-carbon and green methanol products.

In June 2022, OCI N.V announced that it made a final investment decision (FID) for the first phase of its ammonia import terminal expansion project.

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