Egypt’s first permit for green methanol supply

In its LinkedIn post the firm said it will be supplying the fuel at East Port Said and West Port Said.

The General Authority of Suez Canal Economic Zone’s board of directors has approved a six-month renewable permit for OCI Global’s renewable and low-carbon fuels subsidiary, OCI HyFuels, to provide green methanol bunkering services at both ports.

“The permit is a direct response to growing demand for green methanol as a marine fuel as the industry recognizes its readiness, efficacy and safety,” said the social media post.

“It lays the groundwork for future green methanol powered ships by formalising the process established by our successful bunkering of the world’s first green methanol powered container ship in East Port Said earlier this year.

“Both ports are along the Suez Canal, through which around 12% of global marine traffic and 30% of container traffic passes each year.

“It’s an important milestone in establishing Egypt as a crucial green methanol bunkering hub and a leader in shipping decarbonisation.”