On Thursday, MI’s Greg Dolan gave a presentation on “Sustainable Shipping: Methanol as a Marine Fuel” at the Platts 10th Anniversary European Refining Summit in Brussels. Traditionally one of the world’s most widely shipped chemical commodities, methanol now has an historic opportunity to move from the ship’s cargo holds to their fuel bunkers.
The presentation noted that methanol’s use as a marine fuel provides shippers with an affordable option for compliance with tightening emission requirements. Further, produced from a wide range of feedstocks – including a variety of renewable pathways – methanol provides an ideal pathway to sustainable shipping. Other speakers focused on the challenges facing Europe’s refining industry, from the need to decarbonize fuels, structural refining overcapacity, and shifting import and export markets.