How to ensure a consistent supply of green methanol for your green fleet?
Green methanol is produced from renewable sources such as biomass, carbon dioxide capture and utilization, or renewable hydrogen.
Green methanol can be a good alternative fuel for your fleet depending on the sailing route. As green methanol production is still limited available make sure it is available on your sailing route or explore establishing partnerships with renewable fuel producers. Good fuel delivery logistics, including port facilities and transport modes, are needed to ensure a consistent supply of green methanol.
An example of how green methanol can be created is by gasification of black liquor. This toxic byproduct is produced when wood is converted into wood pulp and then into paper. In comparison with other potential biomass sources for chemical production, black liquor has the great advantage that it is already partially processed and in a pumpable, liquid form. Using black liquor as a raw material for methanol production would have the following advantages:
- the process is easily pressurized;
- the syngas has a low methane content;
- gasification capital cost is shared between recovery of inorganic chemicals, steam production, and syngas production.
It will take time to establish the required production capacities, currently plans exist for Finland.
272 vessels are already methanol ready
In 2023 45% of all newbuild orders placed were alternative fuel capable, according to data Clarksons Research recently published. With an increase to 125 orders of methanol dual fuel vessels in 2023.
Steve Gordon, Global Head of Clarksons Research, commented:
“The largest share of alternative fuelled orders in 2023 was still LNG dual fuel (220 orders, of which 152 were non LNG Carriers), albeit with an increase to 125 orders of methanol dual fuel vessels in 2023. There were also 55 new orders involving LPG as a fuel and now 4 with Ammonia. Reflecting future “optionality”, there are 579 in fleet and newbuilds that have LNG “ready” status, 322 that are Ammonia “ready” and 272 that are Methanol “ready”.”