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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.
- On Monday, Singapore's Marine and Port Authority said it will start issuing five-year methanol bunkering licences next year to support early market development.
- Facing pressure to cut shipping emissions, the International Maritime Organization calls for cuts of at least 40 percent by 2030, while shipping contributes at least three percent of global greenhouse gases and licences reflect growing sector focus on cleaner fuels.
- Selected firms include Global Energy Trading Pte Ltd, Golden Island Pte Ltd and PetroChina International Pte Ltd, chosen for supply-chain reliability and operational readiness to start methanol supply in the Port of Singapore from January 1.
- The MPA said the licences mark 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 lifecycle emissions by up to 65 percent, and Singapore's strategic location along the Strait of Malacca supports its role as the world's top bunkering hub.
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Total News Sources39
Leaning Left3Leaning Right6Center13Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
14%
C 59%
R 27%
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