The production is expected to begin in 2029 and could be supplied to the shipping sector.
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The Singapore-flagged boxship Wan Hai A17 collided with the Chinese-flagged bulker Hai Li 5 off Guangzhou at about 8 PM Singapore time on Friday.
CLIA's Bud Darr expects LNG, bio-LNG and methanol-based fuels like biomethanol to form the core bunker pathway for the cruise industry.