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 
Uni-Fuels Logo. Uni-Fuels advertises for senior bunker trader in Dubai  

Nasdaq-listed firm recruiting for its trading team as it aims to drive growth.
Mineral Europa vessel. Green ammonia bunkered to ammonia-powered bulk carrier in Australian first  

Pilbara Ports, Fortescue and CMB.Tech complete a ship-to-ship ammonia transfer at Port Hedland, supporting plans for a clean fuel bunkering hub in the region.
Sea Change II vessel render. US Coast Guard agrees design framework for hydrogen-fuelled New York ferry  

Switch Maritime and Incat Crowther reach regulatory agreement for a 150-passenger hydrogen fuel cell-electric fast ferry intended for New York's waterways.
Auto Advance vessel. UECC fits WE Tech hybrid power systems on newbuild ro-ro vessels  

Norwegian short-sea operator says battery and shaft generator technology from WE Tech Solutions has cut fuel use and auxiliary engine reliance on three newbuilds.
Terra Clove vessel. Envision's green ammonia used to bunker world's first VLAC  

Chinese energy group supplies vessel owned by Eastern Pacific Shipping as it links production and marine fuel supply chains.
Asia Energy vessel. Wärtsilä converts LNG carrier engines to cut methane slip for Chevron  

Three Chevron-operated LNG carriers have each had one engine converted from dual-fuel to spark gas operation to reduce methane emissions.
Tokyo skyline. Cosulich Marine Energy opens Tokyo office to deepen Japanese market ties  

Fratelli Cosulich's bunker trading arm expands into Japan, building on its 2025 South Korea entry.
TotalEnergies sign outside an office building. TotalEnergies secures five-year LNG supply deal with ADNOC Gas  

Agreement will see ADNOC Gas deliver up to 1.6 million tonnes of LNG to TotalEnergies, with first deliveries expected this year.
Shell flag. Shell seeks senior fuel oil trader to expand Singapore paper trading desk  

Shell is hiring a senior fuel oil trader in Singapore to build proprietary HSFO strategies and expand bunker market relationships.
Frisian Sea vessel. Econowind seeks area sales manager to expand wind-propulsion reach  

Dutch wind-assisted propulsion specialist is recruiting an area sales manager to grow its market presence across a designated geographic region.

↑  Back to Top


 Recommended