World News
Lignin-Alcohol Bunker Blends Still on the Cards for Maersk
Shipping company AP Moller-Maersk, which announced its first deal to buy green methanol last week, is still considering the option of using lignin-alcohol bunker blends as a low-carbon fuel for its ships.
Maersk mooted the idea earlier this year of blending lignin with methanol or ethanol to produce a low-carbon bunker fuel blend with a higher energy density than the alcohols would have on their own. That idea is still on the cards for the company, but not in the immediate future, a representative told Ship & Bunker last week.
"Shipping will be in innovation mode for the next 10-15 years when it comes to finding the future fuels," the company representative said on Friday.
"Lignin/alcohol blends is still something that we are looking at very actively but at this point in time the technology is not ready for scale-up.
"Methanol is."
Maersk's first carbon-neutral ship, a 2,100 TEU feeder vessel running on green methanol, is due for delivery in mid-2023. Last week the company said it had secured a supply of 10,000 mt/year of green methanol from an as-yet-unbuilt plant in Denmark for the vessel.
The company has said it will only order ships capable of running on carbon-neutral fuels from now on.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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