World News
X-Press Feeders Signs Bio-Methanol Supply Deal With PuriFire Energy
Singapore-based container shipping firm X-Press Feeders has signed a letter of intent with methanol firm PuriFire Energy to explore the supply of bio-methanol for the shipping sector.
Under the agreement, PuriFire could supply between 10,000 mt and 15,000 mt/year of bio-methanol from its planned production facilities, it said in a LinkedIn post on Thursday.
The companies also plan to jointly explore developing port-based bio-methanol production sites across the UK and Europe.
X-Press Feeders has been operating methanol-fuelled container ships, with the first ship delivered in 2024 and several more on order.
Ship & Bunker reported in October 2024 that the company plans to transition part of its fleet to synthetic methanol over the next five years.
"By combining X-Press Feeders’ fleet-scale demand with PuriFire’s decentralised production model, the collaboration aims to create a vertically integrated fuel supply chain that can be replicated across key port locations," PuriFire said in the post.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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