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Singapore sets course for 'green' methanol ship fuel supplies
Singapore selects three firms to supply methanol fuel, cutting marine emissions by up to 65 percent and supporting a sustainable multi-fuel bunkering hub with five-year licences.
- Next year, the MPA will begin issuing five-year methanol bunkering licences to support early market development in Singapore's Port of Singapore.
- Facing pressure to cut shipping emissions, the International Maritime Organization calls for at least 40 percent cuts by 2030 and zero by around 2050 as shipping firms focus on lower-emission fuels.
- Selected firms include Global Energy Trading Pte Ltd, Golden Island Pte Ltd and PetroChina International Pte Ltd, who were chosen for supply-chain reliability and will start methanol supply in the Port of Singapore from January 1.
- The MPA said the decision marks an important step toward establishing methanol bunkering at scale and advancing Singapore's ambition to be a sustainable multi-fuel bunkering hub.
- Green methanol, made from waste CO2 and `green hydrogen`, can cut emissions by up to 65 percent, and Singapore's strategic location along the Strait of Malacca supports its top bunkering hub status.
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Total News Sources36
Leaning Left3Leaning Right6Center11Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
15%
C 55%
R 30%
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