World News
Methanol Engine Conversion Kit Gets UK Govt Funding
A methanol conversion kit for a marine engine has secured funding for the UK government's zero emission vessels and infrastructure initiative.
New York-listed engine manufacturer Cummins' proposal is to develop a methanol kit for its QSK60 engine. Other firms involved in the £4.4 million ($5.4m) project are Ocean Infinitiy, the Aberdeen harbour board and Proman.
The idea is for the technology to be added to existing marine engines. The project has in mind a 50% reduction in carbon dioxide for "offshore operations of the vessel", according to information provider Yahoo news.
In addition, retrofitted dual-fue engines will achieve compliance with International Maritime Organisation tier III emission standards.
The technology should be ready by the second quarter of 2025, the report said.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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