VPS experience of methanol as a marine fuel
As the number of vessels operating on methanol as a fuel has steadily increased in recent years, VPS has deepened its experience of methanol as a marine fuel. Steve Bee, VPS Group Commercial Director, summarises some of the key learnings to date.
As the shipping industry looks to decarbonise and become net zero by 2050, ship owners andoperators are looking at alternative fuels with a lower carbon footprint in order to reduce overall emissions from their fleet. In Europe this is linked to the EU ETS scheme coming in 2024 and also the FuelEU Maritime legislation coming in 2025. As part of the ever-changing marine fuel mix, methanol is now being seriously considered as a low-carbon fuel to assistshipping in achieving its decarbonisation targets.