Order book shows methanol’s sure rise as a marine fuel
Onboard carbon capture and nuclear propulsion are also cost-competitive under some conditions, says DNV
IT COULD be a matter of months before methanol lodges its place as the world’s third-most used marine fuel, after liquefied natural gas (LNG) and conventional fuel oils, according to a new report. This is even as Singapore is still ironing out details for methanol to be bunkered safely here.
Norwegian ship certifier DNV’s latest energy-transition outlook noted that the order book for ships capable of using methanol as fuel is 20 times the gross tonnage of methanol-fuelled ships currently in operation.
This will push the uptake of methanol to 8 per cent, from 0.05 per cent currently, once the ships are delivered.
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