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 
Heinrich Wegener & Sohn Bunkergesellschaft m.b.H. logo. Heinrich Wegener & Sohn joins Global Ethanol Association  

German family-owned bunker firm joins industry body to support ethanol and methanol adoption.
Keel-laying ceremony of vessel with builder's hull no. CHB2048. Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan  

Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.
175,000-cbm LNG carrier vessel render. Deal signed to build four LNG-fuelled gas carriers  

Quartet of 175,000-cbm LNG vessels destined for Shell charter.
Launching ceremony of MSC Leticia X vessel. Changhong International launches LNG container ships and tankers for MSC and Navios  

Chinese shipbuilder launches four vessels in the space of days, spanning LNG container ships and oil tankers.
Norsepower and CHIC signing. Norsepower and Cosco unit sign R&D agreement to advance rotor sail development  

Finnish wind propulsion firm and Chinese manufacturer deepen ties with dedicated research and development pact.
Andrés Galnares and Gorka Hermoso, H2SITE. H2SITE closes Series B round above €42m to scale hydrogen membrane technology  

Fresh capital secured as firm targets large-scale industrial deployment and expansion into Asian markets.
Mitsubishi Heavy Industries (MHI) logo. MHI study points to cost reduction potential in India-to-Singapore green ammonia value chain  

Mitsubishi Heavy Industries analysis finds value chain optimisation could cut green ammonia costs.
YM Wayfinder naming ceremony. Yang Ming names third LNG dual-fuel boxship for Asia–North Europe service  

YM Wayfinder joins two sister vessels already operating on LNG on the FE3 route.
Milind Homkar, Flex Commodities. Flex Commodities appoints Milind Homkar as trade controller  

Dubai-based trader brings in finance and audit specialist to lead trade control function.
Launching ceremony of Kypros Island vessel. Safe Bulkers launches first methanol dual-fuel bulk carrier at Chinese shipyard  

Greek dry bulk operator launches first methanol-powered vessel as part of its fleet renewal programme.

↑  Back to Top


 Recommended