February 14, 2023, Wollerau, Switzerland – Leading methanol producer, Proman and HMM, the largest shipping company in Korea, are joining forces to explore future methanol supply for HMM’s new order of nine methanol dual-fuel 9,000-teu newbuildings.
HMM has signed a Memorandum of Understanding (MoU) with Proman and a number of other producers and fuel suppliers, including PTTEP, European Energy and Hyundai Corporation, to further secure the supply of methanol for its newly-ordered vessels.
HMM will conduct a feasibility study with each partner to procure various types of methanol in HMM’s main bunkering ports and, subsequently, will collaborate to produce green methanol as part of developing this carbon-neutral alternative fuel.
By switching to this cleaner-burning fuel, HMM’s methanol-powered vessels are expected to lead the broader transition to a lower carbon future in the wake of methanol’s proven long-term decarbonisation pathway.
