Exolum, Methanex Corporation (TSX: MX) (Nasdaq: MEOH) and Ørsted, today announced the launch of the United Kingdom’s (U.K.) first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low-carbon fuel supply.
The initiative underscores the partners’ commitment to advancing decarbonisation in maritime transport – even as the International Maritime Organization (IMO) recently deferred its vote on implementation of its Net Zero Framework, a policy regarded as critical to reducing emissions in shipping. Despite this delay, the companies are prioritising action to drive progress in one of the world’s hardest-to-abate sectors.
The initiative will provide marine bunkering services for bio methanol, one of the leading green fuels for decarbonising shipping. Exolum will provide the storage and fuelling infrastructure at its Immingham facility, leveraging its extensive experience and strategic assets. Methanex will supply the bio-methanol for the project. Ørsted will be the first to utilise this service for
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