Port of Rotterdam green methanol offtake agreement

The agreement is the first green methanol deal with a feeder container carrier. X-Press Feeders will be the first common feeder operator with methanol fuelled vessels on the water in Europe. The green methanol will be used to fuel X-Press Feeders’ upcoming dual-fuel vessels servicing European ports.

X-Press Feeders noted that it will receive the first of its 14 dual fuel methanol vessels in Q2 2024, and the advance procurement of green methanol allows us to offer the Main Line Operators and interested European Beneficial Cargo Owners the ability to deliver an Intra-European green corridor by mid 2024.

Earlier this year OCI announced its partnership with Unibarge to retrofit the first methanol powered bunker barge which will be deployed at the Port of Rotterdam. OCI will work with Unibarge to fuel X Press Feeders’ feeder ships ensuring the decarbonisation of another link in the chain.

The partnership is a significant commercial-scale green methanol deal. OCI HyFuels is currently supplying Maersk with fuel for the transit of the world’s first green methanol-powered container vessel to Europe.

Bashir Lebada, CEO of OCI Methanol / OCI HyFuels said: “Through our new partnership with X-Press Feeders to supply them with OCI Hyfuels green methanol, and our existing collaboration with Unibarge to deliver the fuel via their green methanol bunker barge, we are creating an end-to-end decarbonization solution for the maritime industry in Europe. This announcement is yet another milestone in an exciting year for OCI HyFuels and our leadership in the maritime fuels sector. As the world’s largest green methanol producer, we’re excited to be pioneering ways to reduce emissions across the supply chain.”

Shmuel Yoskovitz, CEO of X-Press Feeders said: “X-Press Feeders’ partnership with OCI and the procurement of green methanol is the next logical decision in our journey towards our decarbonisation goal of Net Zero 2050. This is one more step to prove X-Press Feeders’ commitment to deliver tangible contributions to a more sustainable shipping industry. We continue to look out for future opportunities and partnerships to accelerate decarbonisation in the feeder business, to become the greener feeder carrier of choice.”