Green Methanol Partnership for Sustainable Maritime Transport in Egypt
Key Ideas
  • AD Ports Group, Transmar, and Orascom Construction collaborate to develop a green methanol storage facility in Egypt for low-carbon maritime fuel.
  • The partnership supports the UAE's decarbonization goals and accelerates the energy transition in shipping.
  • The global demand for methanol-fueled ships is increasing, with an estimated fleet growth from 2% to 14% based on current orders.
AD Ports Group, based in the UAE, has partnered with Transmar and Orascom Construction to establish a green methanol storage and export facility in Egypt. This facility will cater to the growing demand for low-carbon fuel in the maritime transport sector. The consortium's goal is to offer bunkering solutions for industry players investing in green methanol-powered vessels. The initiative aligns with AD Ports Group's decarbonization strategy and expansion in clean energy liquid bulk storage. The CEO of Maritime & Shipping Cluster at AD Ports Group highlighted the importance of the partnership in advancing towards a sustainable energy future and contributing to global environmental stewardship. The move towards green methanol is seen as a significant step in the energy transition, positioning the companies at the forefront of the green hydrogen revolution. The increasing adoption of methanol as an alternative fuel is evident, with a substantial number of methanol-fueled ships expected to enter service in the coming years. Data from DNV Maritime reveals a rising trend in methanol-fueled ship orders, with container ships leading the segment. This shift towards green methanol reflects a positive outlook for sustainable maritime transport and the broader shipping industry.
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