In Denmark, Bunker Holding A/S, a marine fuel suppliers, and SyntexNRG, a renewable fuels and technology development company, announced that they have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located around the world.
Carlos Torres, Global Head of Methanol and Strategic Partnerships at Bunker Holding A/S, said: “Bunker Holding recognizes methanol as one of the most ready-to-transition future fuels for the industry. This need to secure access to green methanol, considered a top choice for decarbonizing the marine industry, forms the basis and essence of the partnership between SyntexNRG and Bunker Holding as shown with this agreement.”
Tom Waggoner, Managing Director and CEO of Syntex Industries, said: “SyntexNRG has been focused on decarbonization of the world economy with investments in renewable energy and sustainable fuels. Our renewable methanol project in the U.S. is our first step to assist the decarbonization of marine fuels in the future.”
“Partnering with Bunker Holding, will allow us to look beyond the US and expand our reach to a global market. According to reports by Clarksons, an estimated 300 ships are already on order as new builds or retrofits to use this new and promising alternative to fossil fuels. This is very exciting and has a lot of potential for both companies,” Waggoner added.