Wedoany.com Report-Nov 6 ,The MoU will see the two companies combine their expertise to develop and promote bio-methanol as a commercially viable, eco-friendly bunker fuel option, with an overall aim to support the decarbonization of the shipping industry.

Specifically, Global Energy and Singapore Methanol will collaborate on projects including FuelEU Maritime compliance pooling, green methanol storage and distribution, and exploration of advanced alternative marine fuels.

The companies underlined that these initiatives align with their shared commitment to reducing greenhouse gas (GHG) emissions and meeting regulatory requirements for carbon intensity reduction.