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 
Hyke F-15 Shuttle vessel render. Hyke partners with Pascal Technologies for electric ferry powertrain in Norway  

Pascal Technologies to supply integrated powertrain platform for Hyke F-15 Shuttle ordered by Cityboat.
VPS logo. The importance of fast turnaround times for bunker fuel analysis in today’s market | Thomas Schmidt, VPS  

Rapid and reliable fuel quality intelligence is critical to protecting vessels, machinery, operations and commercial performance.
BTB Bunkering logo. BTB achieves record bunker volumes in March  

De Wit celebrates achievement with pizza delivery to office staff and vessel crews.
Merlion statue in Singapore. Flex Commodities seeks accounts and admin executive for Singapore office  

Bunker trader recruiting for finance role requiring up to five years’ experience.
Houston skyline. Cargill hiring marine fuels sourcing specialist in Houston  

Agricultural commodities trader recruiting for bunker procurement role with minimum four years' experience.
Ron Wong, Arte Bunkering. Arte Bunkering promotes Ron Wong to trading manager after six years  

Wong has built relationships with clients and the team during his tenure at the company.
Bankruptcy filing documents. Liquid Wind parent company declared bankrupt, business put up for sale  

Swedish e-fuel facility developer enters bankruptcy proceedings, with subsidiaries across three Nordic countries now available for acquisition.
Corvus Energy and BYD Energy Storage strategic agreement signing. Corvus Energy and BYD Energy Storage sign strategic agreement for marine battery development  

Norway-based Corvus and Chinese firm BYD formalise partnership for next-generation lithium iron phosphate systems.
Tide Talks hydrogen webinar graphic. EMSA to host webinar on hydrogen as marine fuel  

Second episode of Tide Talks series scheduled for 29 June draws on agency studies.
Keel-laying ceremony of vessel with builder's hull no. CHB2047. Keel laid for MSC 19,000-teu LNG dual-fuel container ship  

Vessel CHB2047 is being built at Changhong International’s Daishan facility in Zhoushan.

↑  Back to Top


 Recommended