World News
Maersk Sister Company to Use Green Methanol for Plastics Production
Wednesday October 2, 2024
A new sister company to container line AP Moller-Maersk is set to use green methanol as a feedstock for plastics production.
Parent company AP Moller Holding has launched Vioneo, a company focused on developing large-scale fossil-free chemicals and plastics production, the firm said in a statement on its website.
The new company's production method uses green methanol as a feedstock to produce polypropylene and polyethylene. Vioneo plans to build a 300,000 mt/year plant in Antwerp.
Maersk was a significant early backer of using methanol as a bunker fuel, ordering a large number of container ships using the alternative fuel. But more recently the company has also moved into ordering ships capable of running on methane.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 563.50 | 19.50 | 632.50 | 10.00 |
| Rotterdam | 522.50 | 0.00 | 625.00 | 0.50 |
| Houston | 514.00 | 5.50 | 649.00 | 5.00 |
| Fujairah | 555.50 | 17.00 | 747.50 | 11.50 |
| Global 20 Ports Average | 588.50 | 3.50 | 728.00 | 2.00 |
| Global 4 Ports Average | 539.00 | 7.50 | 663.50 | 4.00 |
| Global Average Bunker Price | 635.50 | 1.00 | 805.50 | 1.50 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month. -
Oct 02Offering VLSFO and LSMGO at the outer anchorage area of the port of Itaqui.