Carbon Sink, a green methanol manufacturer, and Rose Cay Maritime, a Jones Act-compliant shipping company, have signed a memorandum of understanding to help spread the alternative fuel across US ports.
The agreement outlines a plan for increasing green fuel production, transportation, bunkering and storage specifically tailored for the shipping sector.
Rose Cay Maritime bought part of the Bouchard fleet which was liquidated in bankruptcy two years ago.
To date, more than 220 methanol-capable vessels are operating or under construction, representing an annual demand exceeding 6m tons of green methanol.
In November last year, Carbon Sink signed a letter of intent with Maersk to deliver 100,000 tonnes of green methanol annually from its debut plant. The plant is slated to commence production in 2027 and Maersk is expected to purchase the full volume of fuel produced, with options for future Carbon Sink facilities.
