Proman Stena Bulk's Methanol Fuelled Tankers Conduct South Koriea's First Methanol Bunkering

(Stena Bulk) Stena Pro Patria and Stena Pro Marine became the first vessels to bunker methanol in South Korea in significant milestone for joint venture and for methanol uptake in maritime -- Proman Stena Bulk, the joint venture (JV) between major global methanol producer Proman and one of the world’s largest tanker shipping companies Stena Bulk, has announced that their two fully operational methanol-fuelled tankers have become the first vessels to bunker methanol in Ulsan, South Korea.

Stena Pro Patria and Stena Pro Marine were each refuelled with over 2,000 tonnes of methanol during the bunkering operation, which comes as proof of the growing viability of methanol as a marine fuel (MMF). The bunkering was executed despite South Korea not being a methanol-producing country, and neither vessel was carrying methanol as cargo. The fuel’s availability in Ulsan comes as a clear indicator of the growing and already widespread availability of MMF for owners and operators that are interesting in combating shipping emissions.

The first bunkering in South Korea is even more strategically significant given the nation’s status as an important maritime hub. Ulsan is located adjacent to one of the world’s largest shipyards and South Korea neighbours two other leading global shipbuilding nations, China and Japan. Successfully bunkering MMF in Ulsan is a positive sign for the many of the other methanol newbuild vessels currently on order within the region.

The increasing global uptake of methanol as a marine fuel is aided by its current availability across 120 ports worldwide, including the major global bunkering hubs of Singapore, Algeciras, Houston and Rotterdam. Meanwhile, other key locations such as the Port of Gothenburg and Rotterdam are adopting or developing new simple methanol bunkering guidelines.

The status of methanol as a viable marine fuel, both now and into the future, is being further strengthened by the relative ease in which it can, as a non-cryogenic liquid, utilise existing bunkering infrastructure and storage in line with IMO regulations, considerably lowering the barrier to entry for interested owners and operators.

Erik Hånell, President and CEO of Stena Bulk, said: “The combination of low emission methanol and fuel-efficient vessels are important steps towards more sustainable shipping, so we’re proud that Stena Pro Patria and Stena Pro Marine have successfully bunkered methanol for the first time. The Stena Sphere has extensive experience in bunkering methanol for passenger ferries and in transporting methanol as a cargo, and this bunkering of methanol in Ulsan is further proof that infrastructure and availability is not a barrier for turning our vision of methanol as a key decarbonisation solution into reality.”

Anita Gajadhar, MD of Proman Shipping, Marketing and Logistics added: “This successful bunkering in Ulsan, combined with the fact that both Stena Pro Patria and Stena Pro Marine have commenced their first commercial methanol-fuelled voyages carrying various products for third party charterers around the globe, is another important and positive milestone for the JV and for our broader work in helping to develop methanol as a marine fuel."

“As these vessels show, methanol is already available and viable as an alternative fuel solution for shipping. Incorporating methanol bunkering into future fuel infrastructure regulations and policies that are currently being developed will help ensure guidelines are futureproofed as more low-carbon and renewable methanol sources come online, supporting the transition to lower emissions fuels across the industry.”

In 2020, Lloyd’s Register and the Methanol Institute launched a Technical Reference document to help shipowners, ports and bunker suppliers understand the processes and procedures for the safe use of methanol as a marine fuel.

About Stena Bulk: With offices in seven countries, Stena Bulk is one of the world’s leading tanker shipping companies. The company controls a combined fleet of around 110 vessels. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion. www.stenabulk.com

About Stena Sphere: Stena is one of the largest family-owned business groups in Sweden and operates worldwide within different businesses such as Ferry Operations, Offshore Drilling, Shipping, Property, Finance, New Businesses and Recycling. Head office is in Gothenburg, Sweden. www.stena.com

About Proman: Proman is an integrated industrial group and global leader in natural gas derived products and services. Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansion into Mexico, Canada and the United Arab Emirates (UAE), Proman is the world’s second largest methanol producer and has extensive experience in petrochemical plant operations, petrochemical and power plant construction, product marketing and logistics, and project management. www.proman.org READ MORE; includes VIDEO