OCI Global will supply green methanol to X-Press Feeders’ new dual-fueled common feeder ships as the company continues to grow its methanol supply presence.
The clean energy company will supply the fuel to X-Press in the Port of Rotterdam in 2024 in the first green methanol deal for a feeder container carrier.
OCI Methanol/OCI HyFuels CEO Bashir Lebada said the agreement showed that the company was creating an “end-to-end” decarbonisation supply chain in Europe’s maritime industry: “This announcement is yet another milestone in an exciting year for OCI HyFuels and our leadership in the maritime fuels sector.
“As the world’s largest green methanol producer, we’re excited to be pioneering ways to reduce emissions across the supply chain.”
OCI’s deal with X-Press follows another agreement with Unibarge to retrofit the first methanol-powered bunker barge which will also be deployed at the Port of Rotterdam and be used to fuel X-Press feeder ships.
X-Press Feeders will receive the first of its incoming 14 dual-fuel methanol vessels in Q2 of 2024 as part of the company’s net zero targets for 2050, matching the wider maritime industry.
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X-Press Feeders CEO Shmuel Yoskovitz said: “The advance procurement of green methanol allows us to offer the Main Line Operators and interested European Beneficial Cargo Owners the ability to deliver an Intra-European green corridor by mid-2024.
“This is one more step to prove X-Press Feeders’ commitment to deliver tangible contributions to a more sustainable shipping industry.”
The agreement with X-Press is the second green methanol sale for OCI, the biggest supplier of the fuel globally, in recent months, after it also agreed to fuel the debut voyage of Maersk’s world-first methanol-powered container vessel.
This fuel has become one of the primary choices for the maritime industry as it looks for more sustainable fuels to replace current standards like marine gas oil.
Green methanol is produced without polluting emissions and can cut CO₂ emissions by up to 95%, NO emissions by up to 80% and reduce sulfur oxide and particulate matter emissions completely.