OCI Global Receives Methanol Bunkering Permit in Egypt

OCI Global, a prominent chemical firm, has received the first-ever permit to supply green methanol as a bunker fuel in Egypt, signifying an important step towards global shipping decarbonization. This landmark permit has been granted for supplies at East Port Said and West Port Said. The company recently supplied methanol bunkers to AP Moller-Maersk's pioneering boxship that utilized alternative fuel, the Laura Maersk, at East Port Said. This happened during the vessel's voyage to its naming ceremony in Copenhagen. OCI Global highlight that this permit is a direct response to the growing demand for green methanol as a marine fuel, as the industry recognizes its readiness, efficacy, and safety. This development lays the groundwork for future green methanol powered ships and formalizes the process established by the successful bunkering of the world's first green methanol powered container ship in East Port Said earlier this year. Both ports are strategically located along the Suez Canal, through which approximately 12% of global marine traffic and 30% of container traffic passes each year. This achievement serves as a significant milestone in establishing Egypt as a vital green methanol bunkering hub and a leader in shipping decarbonization. Green methanol is rapidly gaining popularity as an alternative marine fuel. However, the urgent need exists to scale-up green methanol supply to meet the fuel requirements of the new ships coming into service.