US-based classification society ABS has released a whitepaper, Methanol as Marine Fuel
The ABS whitepaper concludes that while there is a range of fuels available to meet shipping’s decarbonisation goals, methanol has the following advantages:
Existing infrastructure: methanol is shipped globally as a commodity and has a supply chain in place to support ports around the world.
Carbon-neutral potential: Biomass and biogas from landfills and wastewater treatment can be used as feedstock for the production of methanol, allowing for the potential of methanol to be a carbon-neutral fuel in the future if it is produced through a renewable source.
IMO Interim Guidelines: IMO recently adopted MSC.1621, providing detailed goal-based and prescriptive requirements for the use of methanol as fuel which includes a risk assessment requirement.
In other methanol-related news, Maersk has also come out in favour of the fuel and will develop a methanol-fuelled feeder container ship.
Download your free copy of the ABS whitepaper here.