Methanex, Orsted, Exolum announce launch of UK biomethanol bunkering service

Exolum, Methanex (MEOH) and Orsted (DNNGY) announced the launch of the United Kingdom’s first commercially ready biomethanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low-carbon fuel supply. The initiative underscores the partners’ commitment to advancing decarbonization in maritime transport – even as the International Maritime Organization recently deferred its vote on implementation of its Net Zero Framework, a policy regarded as critical to reducing emissions in shipping. Despite this delay, the companies are prioritizing action to drive progress in one of the world’s hardest-to-abate sectors. The initiative will provide marine bunkering services for biomethanol, one of the leading green fuels for decarbonizing shipping. Exolum will provide the storage and fuelling infrastructure at its Immingham facility, leveraging its extensive experience and strategic assets. Methanex will supply the biomethanol for the project. Orsted will be the first to utilize this service for its North Sea offshore wind farm maintenance vessels supporting the U.K.’s clean energy ambitions.