World News
HIF Global and German eFuel One Explore E-Methanol Offtake
Renewable energy firm HIF Global has signed a heads of agreement (HoA) with German eFuel One to explore a long-term supply of about 100,000 mt/year of e-methanol.
The planned volumes would be sourced from HIF’s Paysandú project in Uruguay, with the HoA setting the framework for negotiating a definitive offtake deal as global e-methanol production scales, HIF Global said in a statement on its website on Thursday.
The companies said the fuel will meet International Methanol Producers and Consumers Association specifications and EU RED III RFNBO certification requirements.
E-Methanol is produced from green hydrogen and captured CO2 and can be used in dual-fuel methanol ships.
HIF said the agreement supports its expansion in Europe and follows a 2025 e-fuel offtake HoA with German energy firm MB Energy.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 508.00 | 18.00 | 702.50 | 31.50 |
| Rotterdam | 473.00 | 15.50 | 698.00 | 18.50 |
| Houston | 485.00 | 16.50 | 685.50 | 25.50 |
| Fujairah | 508.00 | 31.50 | 771.00 | 27.50 |
| Global 20 Ports Average | 532.00 | 16.00 | 784.50 | 18.50 |
| Global 4 Ports Average | 493.50 | 20.50 | 714.50 | 26.00 |
| Global Average Bunker Price | 566.00 | 10.00 | 822.00 | 15.50 |
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