Eco-friendly methanol manufacturer, Carbon Sink, has joined forces with Jones Act-compliant shipping firm, Rose Cay Maritime (RCM), in a monumental mission to construct a comprehensive low-carbon marine fuel supply network. The collaboration is cemented with a memorandum of understanding, underlining the blueprint for escalating green fuel generation, movement, bunkering, and storage, particularly geared toward the shipping industry.
RCM brings its fleet of U.S.-based and operated vessels into play, aiding Carbon Sink in connecting with customers while it establishes large-scale green methanol production installations throughout the U.S. territory.
A Symbiotic Alliance Leaning Towards Green Innovations
Carbon Sink’s CEO, Steve Meyer, expressed his enthusiasm about the collaboration, stating, “Rose Cay Maritime is the best partner to facilitate the delivery of our carbon-neutral fuels to customers. Their in-depth knowledge of the industry and progressivism in advancing the maritime energy transition positions us better in servicing the market as we grow our production capacity.”
Countering this, Alex Parker, the CEO of RCM, admired Carbon Sink’s innovativeness. “Carbon Sink leads in setting up cutting-edge green methanol plants that will significantly contribute to transforming the shipping industry’s decarbonization strategies. This aligns perfectly with Rose Cay’s sustainability objectives and together, we aim to offer essential green methanol production and supply chain solutions in response to the escalating demand driven by the maritime sector’s ambitious decarbonization agendas.”
A Niche Created By Global Decarbonization Efforts
Currently, over 220 vessels capable of using methanol as fuel are either operational or under construction. This represents an annual requirement of more than 6 million metric tons of green methanol. It is one of the several substitute fuels being studied to assist the global shipping sector in curbing its emissions.
Forging Ahead: New Ventures In Sight
This past November, Carbon Sink advanced its cause even further by penning a letter of intent with the international shipping powerhouse, A.P. Moller-Maersk. The agreement entails delivering 100,000 tonnes of green methanol every year from its maiden plant. This particular plant is projected to begin production in 2027, and Maersk is expected to buy all of the produced fuel, with extra options geared towards future facilities by Carbon Sink.
