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ABS PUBLISHES METHANOL FUEL GUIDELINES

ABS PUBLISHES METHANOL FUEL GUIDELINES

Friday, February 26, 2021 

ABS has published guidance on 'Methanol as Marine Fuel', evaluating the challenges in design and operation of methanol-fuelled vessels.

The latest in an ongoing series of ABS sustainability focused whitepapers examining different fuel options for the marine industry, Methanol as Marine Fuel provides information for shipowners considering methanol as an option in both the near-term and long-term.

Georgios Plevrakis, ABS Director, Global Sustainability, said: “Due to its potential to reduce the CO2 footprint of marine operations, applications of methanol are drawing a wider interest from owners of oceangoing vessels, short sea shippers, ferries, cruises, and inland waterway vessels. While methanol’s uptake and application as a marine fuel is only beginning, ABS is committed to ensuring owners, operators, shipbuilders and original equipment manufacturers are fully informed about its potential as they develop their decarbonisation strategies.”

In November 2020, the IMO Maritime Safety Committee adopted interim guidelines on the use of methanol as a marine fuel, making ethyl and methyl alcohols options for shipowners and operators. 12 methanol powered ships are already in operation, with another 10 on order.

“Methanol is a fuel that offers immediate decarbonisation benefits to vessel operators of substantial net GHG reductions and full compliance with IMO2020, with a pathway that leads to net carbon neutrality as production of renewable Methanol grows. We welcome the ABS Guidance Methanol as Marine Fuel as a timely addition to the body of reference material available to help designers, shipyards, owners and charterers understand the opportunity that methanol presents,” said Gregory Dolan, CEO, the Methanol Institute.

The guidance builds on ABS research developed in Setting the Course to Low Carbon Shipping: Pathways to Sustainable Shipping, to help drive decarbonisation pathways for the industry. The Methanol as a Marine fuel whitepaper can be downloaded here.

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