Proman and Stena jointly develop methanol as the pathway to sustainable shipping

The global shipping industry is responsible for ~2.9% of global greenhouse gas emissions, which equals almost 1 billion metric tons of CO2 each year. Unchecked, emissions could increase by as much as 130% from 2008 levels by 2050.

Transitioning to low-carbon fuels will be essential to secure the long-term future of the industry and meet International Maritime Organisation (IMO) emissions reduction targets for 2030 and 2050, but still-developing technologies and the long lifetime of existing vessels makes this an even bigger challenge. Currently there are more than 70,000 vessels travelling our oceans, with an average lifespan of approximately 25-30 years. Finding a low emissions fuel for these vessels is no easy task, but now is the time to accelerate the transition. Methanol offers not only immediate, and urgently required, benefits but the only clear pathway to a sustainable future.

Proman, one of the world’s largest producers of methanol, has together with Stena, a privately owned shipping company operating approximately 140 vessels, decided to take on this challenge. Proman and Stena are committed to jointly developing a Retrofit & Supply solution, enabling both Stena’s vessels as well as third party vessels to experience the immediate environmental benefits and greenhouse gas emission reductions delivered by methanol.