World's first commercial-scale e-methanol plant opens in Denmark

The Manila Times

World's first commercial-scale e-methanol plant opens in Denmark  The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, May 13, with shipping giant Maersk set to buy part of the production as a low-emission fuel for its fleet of container ships.  The shipping sector is under pressure to find new sources of fuel after a majority of countries gave their backing to measures to help meet the International Maritime Organization's targets towards eliminating carbon emissions by 2050.  So far zero-emission shipping fuels have tended to be more expensive than conventional fuel largely because they are not produced at scale.  Knud Erik Andersen, CEO of Denmark's European Energy, told Reuters they expected a price parity with fossil methanol around 2035.  Located in Kasso in southern Denmark, the new plant will produce 42,000 metric tons, or 53 million litres, of e-methanol per year, its joint owners Denmark's European Energy and Japan's Mitsui said.   REUTERS VIDEO  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe    Visit our website at https://www.manilatimes.net    Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein   #TheManilaTimes #tmtnews  #maersk  #energy  #fuel

Transcript

00:00We expect that we will have a price parity with fossil methanol around 2035.

00:30I hope that this facility can take at least have a kind of a proof of concept role and I'll be proud if this facility can play that role.

00:49But besides that, we are of course a small country and we need to expand to larger economies where this technology can be utilised.

01:00Just a little bit bringing a Japanese flavor recipe into this.

01:05This is a greenish one, but normally this is in red.

01:19I think you might have a nail, the tool, right?

01:42Go for it.

01:46Actually, his office.

01:51Now we are officially open and we can let the first truck fly through.

01:57I'm getting a beer.

01:58I'm getting a beer.

01:59We're doing that for a while.

02:00They're in the cr pueden market.

02:02They can wait to walk through.

02:03Wow!

02:04We're doing that for a while.

02:05We've got the beer.

02:06Look at that.

02:07Okay, bro!

02:08I'm getting a beer.

02:09Yeah, this is.

02:10Take a beer.

02:11We are running out of your beer.

02:12You're having a beer.

02:13I forget that we talked about it.

02:14Hard beer.

02:15I have another beer.

02:16That's good.

02:18I've got a beer.

02:19Take a beer.

02:20Go for a beer!

02:21That's bad.

02:22I'm getting a beer with my beer.

02:23I'm getting a beer.

02:24this is a small step you should say so we consume about 10 million tons of fuel oil equivalent on

02:44an annual basis in our fleet so this is a small drop let's say but of course it's is the first

02:51steps it's really showing the way

02:54consumption is fairly small compared to the bigger engines

03:19currently the price gap between conventional fuel and green fuel e-methanol is quite large

03:29so it's several times more expensive so at this rate it's not scalable but what we can see is

03:35that with the framework with the IMO coming out last month this is really going to provide enough

03:41incentives for green fuel producers to supply green fuel at the cost competitive basis so it's

03:50really I mean regulation is the game changer

04:11so you

04:21you

04:22you

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