MOL launches working group for zero emission alternative fuel

Synthetic methane, or methanation fuel, is generated by methanation technology that combines CO2 with renewable energy-derived hydrogen.

MOL aims to introduce methanation fuel for ships and establish a supply chain by launching the Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels.

The Japanese line will also engage in study and promotion of the fuel in cooperation with other industries, companies and government agencies.

“European countries, Japanese power and gas companies are paying increased attention to methanation fuel, a technology with the potential to realise zero emissions,” MOL stated.

MOL added that it has joined the Carbon Capture & Reuse (CCR) Study Group in relation to the methanol as fuel project.

Read more: Methanol – an economic alternative marine fuel of the future?

The CCR Study Group was established with the objectives of proposing effective carbon neutral measures to reduce the use of fossil fuels by offering alternative energies such as synthetic methane, and contributing to the establishment of new energy supply system by 2050.

Under IMO goals, international shipping needs to reduce CO2 emissions by 40% per unit of transport by 2030, and total greenhouse gas (GHG) emissions by 50% by 2050, compared to 2008 levels.