The agreement aims to establish a robust supply chain and expand storage capacities for alternative marine fuels, including green methanol, to meet the growing demand for environmentally friendly shipping solutions.<\/p>\n
\u201cWe will be operating eco-friendly ships based at Ulsan Port, contributing to decarbonisation and creating new growth engines for Korea\u2019s shipping and port industry by establishing green shipping corridors between Korea and the US,\u201d said Kim Jae-gyun, president, Ulsan Port Authority.<\/p>\n
Green agenda<\/strong><\/p>\n In addition to the fuel storage expansion, UPA plans to establish green shipping corridors with international ports, fostering global partnerships and promoting the use of sustainable fuels.<\/p>\n This initiative supports South Korea\u2019s \u201cPlan to Establish an Alternative Marine Fuel Supply Chain,\u201d which prioritises the development of infrastructure for alternative fuels such as green methanol and LNG.<\/p>\n Further bolstering its commitment to alternative fuels, HOTC is investing $219 million in a new terminal at Ulsan\u2019s New Port, slated to start commercial operations by mid-2026.<\/p>\n The project will expand storage capacity by 380,000 square kilolitres, enhancing Ulsan\u2019s ability to serve as a critical node in the global network for alternative marine fuels.<\/p>\n Ulsan\u2019s expansion aligns with South Korea\u2019s national goals to enhance its alternative marine fuel supply chain, while positioning the port as a leading hub for green shipping.<\/p>\n","protected":false},"excerpt":{"rendered":" Ulsan Port in South Korea is advancing its commitment to sustainable maritime fuels through a $17.6 million partnership with Hyundai Oil Terminal Corporation (HOTC).<\/p>\n","protected":false},"author":8,"featured_media":4600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[40,755,879,1604,1757],"sponsor":[],"class_list":["post-4599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-fuels-greenport","tag-alternative-fuels","tag-asia","tag-green-methanol","tag-hyundai","tag-port-of-ulsan"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=4599"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4599\/revisions"}],"predecessor-version":[{"id":4601,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/4599\/revisions\/4601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/4600"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=4599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=4599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=4599"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=4599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}