ABS, ENEOS, NYK Line, and SEACOR Holdings have jointly launched a study to develop a methanol bunker fuel supply network in the United States.
American Bureau of Shipping (“ABS”), ENEOS Corporation (“ENEOS”), NYK Line Co., Ltd. (“NYK Line”) and SEACOR Holdings Inc. (“SEACOR”) have commenced joint research to develop methanol bunkering and supply chain networks along the U.S. Gulf Coast.
The Quad aims to establish the nation’s first commercial-scale ship-to-ship methanol bunkering operation. In the global maritime industry, the International Maritime Organization (IMO) has set a goal to achieve net-zero greenhouse gas emissions by 2050, so practical solutions are urgently needed. Low-carbon methanol, produced from renewable or bio-based resources, is attracting attention as a next-generation marine fuel because it is easy to liquidize at room temperature and pressure and has the potential to reduce greenhouse gas emissions.
ENEOS will explore the procurement and supply of low-carbon methanol, including through the Beaver Lake Renewable Energy Project in Louisiana Green methanol produced by C2X, a company in which ENEOS holds an equity.
NYK Line will leverage its experience in developing LNG bunkering infrastructure and provide technical expertise to prepare methanol bunkering vessels.
SEACOR will contribute its expertise as a long-time qualified Jones Act owner and operator of diversified assets in U.S. coastal and inland waterways, as well as its design, engineering, and construction capabilities.
The American Association of Classification Societies (ABS) will provide the necessary rating and regulatory support to establish a methanol bunkering business in the United States.
Through this initiative, ABS, ENEOS, NYK Line and SEACOR aim to help the maritime industry achieve a carbon-neutral future.