One of the results from the PROMSUS workshop has now been finalized in the form of a short presentation folder. A number of copies are to be distributed during the Almedalen Week in Visby June 29th to July 6th. The folder is also available as a PDF to be downloaded from this website. 

[Direct link to the folder

 

The folder, the workshop program and presentations can be found by going through thePublication menu, or by clicking here

 

While it’s not really news that MAN will supply engines to the seven Waterfront Shipping methanol ships, some interesting reading about the engines can be found on MAN’s website. Why not spend a little of this summer reading time on it? 

 

[Direct link]

MAN Global Website  

During the past week the PROMSUS workshop was organized in Gothenburg, Sweden. With the vision of Nobel laureate George A. Olah’s Methanol Economy as well as the current conversion of M/S Stena Germanica and the seven new buildings for Waterfront Shipping in mind some 40-delegates from all over the globe assembled in Gothenburg to discuss methanol engine technology and sustainable methanol production. 

Delegates from both academia and industry with specialities from engine technology, methanol production and carbon capture together and in groups discussed the future of methanol production and the use of methanol as energy carrier and shipping fuel. 

A report from the workshop will be made available as soon as it has been finalized. 

In addition to the two day working group an open seminar with some 80 delegates arranged in collaboration with Enterprise Europe Network concluded the workshop.

Update:
Presentations from the first day can now be downloaded [Direct link]
Presentations from the third day seminar is also availible [Direct link]

Both can be found at the Publication section

The PROMSUS workshop was partly financed by the Swedish Energy Agency and organized by ScandiNAOS AB, Wärtsilä, Stena Rederi and Chalmers University of Technology. 

”Winds of Change in the Methanol Industry?” – The headline of a blogpost and Clarksons. As several methanol production facilities is reportedly being planned in the US and a number of new methanol carriers have been announced Clarksons reflect over the current situation.

”It seems obvious now that with the huge capacity due to come online that the US will have a lot of volume available for export and so some sort of fleet expansion of the methanol carrying fleet was bound to happen.”

The last words of the blogpost could very well have been copied from my mind, let’s see what will happen and how long it will take for methanol to become, as we believe, an established marine fuel as well.

“All we know for now is that this market is developing fast and the next few years will be exciting for all involved!”

 

Read the full post at Clarksons [Direct link]

Platts.com report that the Asian methanol price is expected to continue down in April.

Since the beginning of March the Asian methanol prices have fallen $115/MT to be assessed at $345/MT CFR China Tuesday.

The expected fall is said to be due to a ramp up in production in Southeast Asia and an influx of Iranian methanol to the market.

Petronas was thought to have sold around 90,000 MT of methanol during March for delivery into China in the first half of April, and pushing out another 100,000 MT to the US Gulf Coast on favourable arbitrage economics.

"Shipping is an issue. Most vessels are being used by them [Petronas] as they need to move out cargoes every day, [which are] all lined up until April and [they are] now already looking at May loading [vessel] fixing," a Singapore-based trader said according to Platts.com. .

According to traders, the total import volume of methanol into China in April is estimated to exceed 300,000 MT, with the vast majority expected to be of Iranian origin.

Read the original article at Platts.com [Direct link]