OCI hits $11.6bn in sale proceeds with disposal of methanol unit
Sep 9, 2024 · OCI, a chemical and fertiliser group led by Egypt’s richest man Nassef Sawiris, said on Monday it had agreed to sell its global methanol business to publicly traded Methanex for …
Shippers bet on green methanol to cut emissions, supply lags
Aug 21, 2023 · Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet …
2023 Was Year Of Methanol For Shipping But That Likely Won’t Last
Jan 5, 2024 · Bulk shipping is 40% fossil fuels and 15% raw iron ore, and both those segments will drop, while battery electric will take over inland waters and much short sea shipping. But …
Growing interest in methanol bunkering by global players
Jun 13, 2023 · Interest in methanol as an alternative fuel for bunkering has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050. Below is a list of key upcoming …
ISO issues standard for methanol as a marine fuel ‣ WorldCargo News
1 day ago · New offtake deal propels Maersk to meet over half of its 2027 methanol demand News 30 Oct 2024. Maersk has secured combined offtake agreements that now meet over …
Methanol Market Set for Explosive Growth, Projected to Reach …
Jan 25, 2024 · According to Persistence Market Research, worldwide methanol consumption is expected to reach US$ 77.6 billion by the end of 2032. The global methanol market is …
Global methanol markets and intelligence | Argus Media
Prices, forecasts and analysis for global methanol markets. The global methanol industry has suffered in recent years. First COVID-19, then the Russia-Ukraine conflict, followed by global …
Maersk Signs Long-Term Methanol Sourcing Deal
Oct 30, 2024 · Maersk’s combined methanol offtake agreements now meet more than 50% of the dual-fuel methanol fleet demand in 2027. The agreement has evolved out of Maersk’s growing …
Maersk enters deal for half a million tonnes of green methanol …
COPENHAGEN, Nov 22 (Reuters) - Maersk (MAERSKb.CO) on Wednesday announced it had entered into the shipping industry's first large-scale agreement for green methanol from …
Maersk retrofits its first container ship to methanol ‣ WorldCargo News
Nov 18, 2024 · Maersk Halifax has become the first large container ship in the industry to undergo a methanol dual-fuel retrofit, according to Maersk.