Marubeni and MOL signed a memorandum of understanding (MoU) for a joint study to build, operate, and utilize a methanol carrier equipped with a dual-fuel engine (methanol/very-low sulfur fuel oil).
More specifically, for the marine transportation of methanol which the ESN Group plans to produce from natural gas in the Amur Region of Russia, the MoU will consider introducing an environment-friendly vessel which can reduce emissions of sulfur oxides (SOx) by up to 99%, particulate matter (PM) by up to 95%, nitrogen oxides (NOx) by up to 80% and carbon dioxide (CO2) by up to 15% compared to conventional fuel oil. This is achieved by utilizing the methanol as a bunker to move the vessel.
Marubeni and MOL will also consider developing a project that would supply methanol as marine fuel should the demand of methanol as fuel for common vessels grow in the East Asian region in future, as there is a possibility that this methanol which is to be produced and exported by the ESN Group will become a competitive supply source located within the region.
Marubeni and MOL will drive the project in collaboration with customers and partners in Japan and overseas and in cooperation with the government-related organizations, in order to reduce the environmental impact of ocean transport.
