Maritime industry embraces methanol, wind propulsion, ammonia, and CO2 initiatives

It has been a busy week in the decarbonization space in the maritime sector with a myriad of projects and milestones announced. Therefore, it has been very difficult to pick and choose the most important ones, hence this week's edition of the newsletter will have many honorable mentions to highlight the progress being made in various decarbonization fields including methanol, wind-propulsion, ammonia and carbon capture and storage.

So, let's dig in:

Methanol

1. Maersk's Industry-First Conversion: Container shipping industry major 马士基 has announced plans to convert an existing containership into a #methanol dual-fuel engine. The company revealed that the first #engine #retrofit in the industry is to be conducted in the middle of 2024, noting its intention to replicate it on sister #vessels when going for a special survey in 2027.
2. Methanol-Ready Tankers: Building on the methanol momentum, Algoma Central Corporation has placed an order for two methanol-ready product tankers at HD Hyundai Mipo Co., Ltd. . These vessels are designed to accommodate future methanol conversions, allowing for greater flexibility in adopting greener fuel options
3. Methanol-to-Fuel Cell Power Chain: Powercell Limited , e1 Marine , and Maritime Partners have successfully tested the world's first methanol-to-fuel cell power chain. This breakthrough paves the way for the utilization of methanol as a clean energy source for marine applications.
4. Expanding Methanol Adoption: Furthermore, J. Lauritzen and 嘉吉 have added a third methanol-fueled Kamsarmax vessel to their fleet. This expansion reflects the growing interest and confidence in methanol as a viable fuel for the maritime industry.

Wind propulsion

1. Approval for Wind Propulsion: BAR Technologies has achieved DNV 's type approval for its wind propulsion system. Wind-assisted propulsion technologies hold great potential for reducing fuel consumption and emissions.
2. China's Rotor Sail Progress: China has achieved a significant milestone with the installation of its domestically developed #rotorsail on a ship. This innovative technology harnesses wind energy to provide auxiliary propulsion while improving the fuel efficiency of the vessel.
3. Green Retrofit Solutions: Aurelia Green Ship Concept Design 's green retrofit package has received approval from RINA . This package offers a comprehensive solution for improving the environmental performance of existing vessels, supporting existing ships' transition to cleaner operations.

Ammonia

1. Ammonia as a Primary Power Source: A A mystery Norwegian shipowner has selected Amogy 's ammonia fuel cell technology as the primary power source for a newbuild vessel. The partnership demonstrates the growing interest in ammonia as a potential zero-emission fuel for the shipping industry.
2. Next-Generation Ammonia Engines: MISC Group , WinGD Ltd. , and DNV have partnered to develop next-generation ammonia engines. This collaboration seeks to unlock the full potential of ammonia as a renewable fuel and drive the adoption of cleaner propulsion systems.
3. Ammonia as shipping fuel: Yara Clean Ammonia and marine fuels trader Bunker Holding Group to collaborate on the development of the market for clean ammonia as a shipping fuel.

CCS

1. CCS Value Chain Collaboration: "K" line (Kawasaki Kisen Kaisha, Ltd) and JFE Steel Corporation have joined forces to create a carbon capture and storage #ccs value chain in Japan. This collaboration aims to develop sustainable solutions for capturing and shipping CO2 as an important part of the decarbonization process.
2. CO2 Shipping and Injection Joint Venture: Navigator Holdings and Bumi Armada have established a joint venture to facilitate CO2 shipping and injection. This initiative contributes to the development of carbon capture and storage technologies, reducing greenhouse gas emissions from the maritime sector.

------------------------------------------------------------------------------------------Stay tuned for more updates as we continue to track these remarkable advancements and share inspiring stories from the forefront of maritime innovation. You are also welcome to?read more news on our platform.

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