Pacific Carriers Limited (PCL) and PaxOcean Holdings Pte (PaxOcean) are collaborating with ABS to study methanol as an alternative fuel for the PCL fleet.
The first step is a recently signed joint development project (JDP) to study methanol as an alternative fuel for the PCL fleet. Under the JDP, ABS will evaluate the means and impact of retrofitting a PCL vessel with a propulsion system powered by methanol as an alternative low-carbon fuel option.
Methanol represents a promising fuel, with practical benefits related to ease of storage and handling, tank-to-wake carbon intensity reduction, as well as a pathway to carbon neutrality through green methanol
said John McDonald, ABS Executive Vice President, and COO.
Moreover, Hor Weng Yew, MD and CEO of PC, added that “this partnership with ABS and PaxOcean is part of PCL’s commitment to achieving carbon neutrality by 2050 or earlier.”
With methanol gaining maturity as a marine fuel, we believe it has great potential to significantly reduce our carbon footprint in the short to mid-term. This study will serve to identify the options we have to adapt our existing ships to handle methanol effectively and safely
In 2022, Georgios Plevrakis, ABS Vice President, Global Sustainability, had said that methanol represents a promising fuel source for the global fleet, with practical benefits related to ease of storage and handling, tank to wake carbon intensity reduction, as well as pathway to carbon neutrality.
