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 
Truck-to-ship (TTS) LNG bunkering at Port of Palermo. Molgas completes first LNG bunkering operation at Palermo  

Spanish energy firm carries out maiden LNG delivery at Sicilian port.
Maersk 5,900-teu vessel. Tsuneishi China delivers third methanol dual-fuel boxship in series  

Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.
Type approval test (TAT) for ME-LGIA ammonia engine. Everllence completes type approval test for ammonia engine ahead of sea trials  

Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.
Zhong Ran 23 vessel. CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme  

Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.
Peder Moller, Bunker Holding. Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul  

Marine fuels exceeds its own expectations despite 4% revenue decline.
Oilmar Board of Directors graphic. Oilmar formalises governance structure with establishment of board of directors  

Dubai-based marine fuels trader Oilmar appoints three-member board.
Henrik Andersen, Vestas Wind Systems A/S. Vestas Wind Systems CEO appointed vice chair of Bunker Holding  

Henrik Andersen joins the board of the marine fuels group with more than two decades of international business experience.
Tina Revsbech, Maersk Tankers. Maersk Tankers CEO Tina Revsbech joins Bunker Holding board  

Danish USTC Group appoints shipping veteran to subsidiary’s board of directors.
Yampu vessel. CSL delivers world’s first battery-powered self-unloading bulk carrier  

MV Yampu will transport limestone for Adbri in Australia, with full electric operation targeted by 2031.
Illustration of hydrogen fuel cell system. NYK, Yanmar and Eneos to install hydrogen fuel cell system on new Tokyo dining cruise vessel  

Three Japanese companies are collaborating to bring hydrogen propulsion to a dining cruise ship due to enter service in 2027.

↑  Back to Top


 Recommended