Interesting news

A larger cargo company is buying 12 carbon-neutral container ships from Hyundai Heavy Industries, the first of which is due to be delivered in 2024. In order to run the 12 low-carbon ships, they are going to need 450,000 tons of green methanol a year. The issue is that is a not insubstantial chunk of the 100 million metric tons of green methanol produced per year, and lining up consistent and reliable refueling is going to pose a mild logistical challenge up front. That said, this is a company whose entire business model is centered on logistics, and they expect that by 2025 they’ll be able to keep these ships fueled with the green methanol.