As the world looks to reduce its dependency on fossil fuels in favour of cleaner energy, methanol has emerged as an increasingly popular option due to its low emissions, production versatility and cost-effectiveness when compared to other alternative fuels. Recent data indicates methanol has overtaken liquified natural gas (LNG) as the preferred alternative fuel for new ships in 2023.
According to the Methanol Institute, there are currently 251 methanol newbuild vessels on the water or in the order book. Well-established technologies also allow for easy conversion of existing marine internal combustion engines to run on methanol.
This story is from the July 2024 edition of Sailor Today.
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This story is from the July 2024 edition of Sailor Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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