Meeting Egypt’s demand for green methanol

It is predicted that more than 100 methanol-fuelled ships will be in service from 2026, representing around a million tonnes of additional methanol demand. According to maritime consultancy Drewry and Clarksons, the methanol-fuelled vessel fleet will grow from 2% to 14% of the global fleet based on orders already placed.

A methanol storage and export facility will provide bunkering solutions for those already embarking on a transition to the greener fuel, which will be produced from renewable feedstocks including renewable hydrogen and biomethane.

“By signing this memorandum of understanding with Orascom Construction who have vast international experience in bulk liquid terminals for methanol storage, and Transmar, who have decades of expertise in this region and within terminal operations, AD Ports Group and its subsidiaries are taking a significant step towards the sustainable future of energy,” said Captain Ammar Mubarak Al Shaiba, chief executive – Maritime & Shipping Cluster, AD Ports Group.

“This initiative not only aligns with the UAE’s decarbonisation goals but also accelerates the energy transition in shipping, positioning us at the forefront of the green hydrogen revolution and enabling us to contribute to global environmental stewardship and economic diversification.”

Global demand for green methanol is expected to increase to 4 million tonnes per year in the next five years based on current orders from the sector.