#United States #Houston #Maritime Industry #ENEOS #Methanol Fuel

Establishing a Methanol Fuel Supply Chain for Maritime Use

Four key players in the maritime industry have embarked on a groundbreaking initiative to develop a supply chain for methanol fuel in North America. The participants in this collaboration are the American Bureau of Shipping (ABS), ENEOS Corporation, Nippon Yusen Kabushiki Kaisha (NYK Line), and SEACOR Holdings Inc. This joint project launched near Houston, Texas, aims to create the first commercial-scale ship-to-ship methanol fuel bunkering system in the United States.

The International Maritime Organization (IMO) has set a target for the global shipping industry to achieve net-zero greenhouse gas emissions by 2050. Achieving this ambitious goal requires effective strategies and innovative solutions. In this context, low-carbon methanol, derived from renewable and bio-based sources, is gaining attention as a next-generation marine fuel due to its liquid state at room temperature and pressure, making it highly convenient for maritime operations.

ENEOS, a pioneering energy company, aims to procure low-carbon methanol through its investment in the Beaver Lake Renewable Energy Project in Louisiana, where green methanol will be produced. The company seeks to supply this methanol to shipping companies effectively. Meanwhile, NYK Line plans to leverage its expertise in LNG bunkering to aid in the development of the methanol fuel supply vessels. They will contribute their technical knowledge and industry experience in alternative fuel bunkering. SEACOR, with extensive experience operating inland vessels in the United States, will share its insights on owning and operating methanol fuel supply ships, ensuring compliance with regulations. ABS will support this initiative, providing guidance on safety standards and regulatory requirements for methanol bunkering operations in the U.S., thus ensuring safe, efficient marine operations.

The collaboration aims to contribute to a carbon-neutral society within the maritime industry by integrating innovative practices and supply chains. ASE, ENEOS, NYK Line, and SEACOR recognize the significance of this initiative as a pivotal step towards reducing carbon emissions in maritime transportation and aligning with global sustainability goals.

Involved Companies and Their Roles

The collaboration involves four major entities, each with defined roles and responsibilities:

American Bureau of Shipping (ABS)

• - Responsible for developing operational guidelines for methanol bunkering in the U.S.
• - Providing safety standards and regulatory advice for methanol fuel supply vessels.

ENEOS Corporation

• - Focused on procuring green methanol and marketing it to shipping companies running methanol fuel vessels.

Nippon Yusen Kabushiki Kaisha (NYK Line)

• - Sharing expertise in land and onboard facilities related to alternative fuel bunkering.

SEACOR Holdings Inc.

• - Offering knowledge about compliance and operation in U.S. inland waterway transportation.

About the Companies

American Bureau of Shipping (ABS)

ABS is a global leader in marine classification and certification services, dedicated to ensuring a safe and sustainable future for the maritime sector. With over 160 years of experience, ABS sets standards for safety and quality while promoting clean technologies and digital innovations. The organization's extensive network of surveyors, engineers, and technical specialists collaborates with members and clients to improve safety and efficiency throughout the lifecycle of marine vessels and related equipment. Learn more about ABS

ENEOS Corporation

ENEOS is Japan's largest energy company, operating across the entire energy and materials value chain and focusing on stable supply amidst energy transitions. The company is committed to achieving a carbon-neutral society through innovative approaches in energy and materials. Learn more about ENEOS

Nippon Yusen Kabushiki Kaisha (NYK Line)

Founded in 1885, NYK Line is a comprehensive logistics company with a global shipping network. The company boasts a diverse fleet, including car carriers, container ships, and energy transport vessels. NYK is actively engaged in developing new business areas, particularly in decarbonization and innovative technology. Learn more about NYK Line

SEACOR Holdings Inc.

SEACOR is a leading U.S.-flag shipping company involved in domestic and international transport and logistics. Since its inception in 1989, it has demonstrated steady growth and innovation, providing expertise in inland waterway transportation and ensuring compliance with regulatory standards. Learn more about SEACOR

Conclusion

This collaboration marks a significant advancement in the maritime industry's efforts to embrace sustainable practices and tackle greenhouse gas emissions. By combining their expertise and resources, ABS, ENEOS, NYK Line, and SEACOR are set to revolutionize the maritime fuel landscape, paving the way for a greener tomorrow.