Bunker Holding A/S and SyntexNRG Inc. have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located.
According to Bunker Holding A/S, the Syntex premium methanol will meet even the most rigid of low-carbon emissions standards set by multiple decarbonization programs, including the European Union ETS for marine fuels, the FuelEU Maritime Initiative, and IMO’s 2030 and 2050 emission reduction targets.
Carlos G. Torres, Global Head of Methanol and Strategic Partnerships at Bunker Holding A/S, highlighted methanol as a pivotal future fuel and emphasized the partnership’s focus on securing access to green methanol. He underlined Bunker Holding’s commitment to being a solution-driven provider, facilitating the transition to low-carbon marine fuels by aggregating demand and sourcing cost-effective supply solutions globally.
We pride ourselves on being a solution-driven provider to our clients. Our role in the market has been around aggregating demand from our customers and providing the most cost-effective supply solutions, through our widely experienced global organization.
… said Torres
Meanwhile, Tom Waggoner, Managing Director and CEO of Syntex Industries reminded that according to reports by Clarksons, an estimated 300 ships are already on order as new builds or retrofits to use this new and promising alternative to fossil fuels. This is very exciting and has a lot of potential for both companies.
Partnering with Bunker Holding, will allow us to look beyond the US and expand our reach to a global market.
… noted Tom Waggoner
