OCI Global Energy Transition Leadership
Global
OCIGI
Establishing Green Methanol as the Low-Carbon Fuel of the Shipping Industry
OCI follows the safe arrival of the first ever green methanol powered container ship with another bunkering
Arrival in Copenhagen, Denmark
MAERSK
ALL THE WAY TO ZEHO
In September, OCI HyFuels, in partnership with Maersk, completed the world's
first green methanol power containership journey from Ulsan, Korea to
Copenhagen, Denmark.
We are proud to have powered the first green methanol container vessel.
Providing innovative bunkering and numerous ports. We expect to leverage this
early success to build our marine business.
During the quarter OCI announced a doubling of its green methanol production
capacity to c.400,000 metric tons per year. This will come from a mix of
renewable feedstocks, including renewable natural gas (RNG), green hydrogen
and other over the fence feedstock partnerships.
The scale up plans include supply agreements for RNG exceeding 15,000
MMBtu per day, as well as securing rights from the City of Beaumont, to
obtain biogas from landfill. This will be OCI's first upstream RNG production
facility, with production expected to start in Q1 2025.
OCI is the world's largest producer of green methanol and only global commercial scale supplier today
Image credit: Maersk
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