Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Fri 16 Mar 2018, 17:15 GMT

Plan to build methanol-fuelled ships for US-China project


Project involves construction of US methanol plants and feedstock transportation between Louisiana and northern China.

The methanol-powered tanker Mari Jone.
Image credit: Waterfront Shipping
IGP Methanol (IGP), China Cosco Shipping Energy Transportation and Jinguotou (Dalian) Development Co., Ltd (JGT) plan to discuss the feasibility of building methanol-powered ships for a new project involving the transportation of methanol between the US and China.

The three companies signed a 'Memorandum of Understanding on US Gulf Coast Methanol Project Cooperation' (MoU) in Shangai, where they agreed to cooperate on the construction of up to two methanol plants in IGP Methanol's Gulf Coast Methanol Park in Louisiana that would supply feedstock for Jinguotou's methanol-to-olefins (MTO) facility at the port of Jinzhou, China.

Each of the plants will have a capacity of 1.8 million tonnes of methanol per year.

IGP Methanol chairman James Lamoureaux, said: "IGP is pleased to begin this cooperation with internationally esteemed logistics company COSCO and JGT. The project will assure long-term stable and low-priced pure methanol for JGT's MTO projects as well as supply ultra-clean fuels to China, from abundant US natural gas resources."

Methanol   Newbuild   China  United States 
Singapore waterfront skyline. Uni-Fuels seeks bunker trader in Singapore as Nasdaq-listed firm expands team  

Role includes managing end-to-end transactions, identifying opportunities and optimizing margins.
Dubai skyline. BlackCoral Energy seeks junior bunker trader for Dubai office  

Bunker firm targets fresh graduates and early-career professionals.
Mazlum Unutmaz, Christiania Energy. Christiania Energy appoints bunkers and lubricants specialist in Denmark  

Mazlum Unutmaz joins the Danish firm’s global bunker pool operations team in Odense.
Aerial view of the Dubai skyline. Peninsula seeks junior cargo trader for Dubai supply and trading role  

Marine fuels supplier Peninsula is recruiting a junior cargo trader in Dubai to manage procurement and supply.
Tema Maersk vessel. Maersk names third midsized dual-fuel vessel at Chinese shipyard  

Tema Maersk joins fleet following the addition of Tangier Maersk and Tauranga Maersk.
WinGD 12X92DF engine. WinGD’s X-DF dual-fuel engine passes 1,000 orders  

Swiss manufacturer reaches milestone 13 years after commercial launch of engine.
Vectis Progress vessel. GT Wings gains RINA approval for wind propulsion performance assessment tool  

RINA has granted approval in principle for a new tool assessing GT Wings’ AirWing Jet Sail system.
Aderco 2055G+ programme graphic. Aderco launches 2055G+ programme linking fuel treatment to verified carbon credits  

Aderco's new programme connects fuel additive technology with verified emissions data and Gold Standard carbon credits.
American Bureau of Shipping (ABS) logo. ABS introduces nuclear-ready notation for marine and offshore assets  

The classification society has released what it describes as an industry-first notation to support future nuclear conversion of vessels and offshore assets.
AiP handover ceremony for NEXTGEN Energy Hub (NGEH) design. ABS grants approval in principle for Seatrium’s NEXTGEN Energy Hub design  

The hub concept integrates ammonia bunkering, power generation and electric vessel charging in a single unit.

↑  Back to Top


 Recommended