In fact, Hafnia Limited announced an investment in Northwest Innovation Works, Kalama, LLC (“NWIW”) together with a strategic joint venture partner.

According to the product tanker company, the joint venture’s $10 million investment in a methanol production facility further demonstrates Hafnia’s ambition to pursue the development and implementation of sustainable and modern clean technologies.

This initiative is another example of our strategy to support and promote industry decarbonization while still transporting the resources necessary to sustain the world. We recognize the world is changing, and that the ways we operate and conduct business need to change with it.

...said Hafnia CEO Mikael Skov.

For the records, NWIW will use the investment towards the development of a 3.6 million tonnes per annum methanol production and export facility at the Port of Kalama in southwest Washington, USA.

The plant will convert regionally sourced natural gas to methanol, which will then be transported via ship – the equivalent of an MR cargo every four days – for use in dedicated materials pathway production in Asia.

NWIW’s Kalama facility is focused on providing an economically viable alternative to coal-based methanol production for use in materials production in an environmentally sound way, redefining manufacturing standards for innovation and environmental sustainability for Washington State.

...the company stated.