18JUN2019 - NEWS - Methanol Easier to Handle Than LNG

Leading figures from the Greek shipping market gathered in Athens, Greece, for the third in a series of global seminars on the potential of methanol as a marine fuel. Seminar series organizer Captain Saleem Alavi, President of Sea Commerce, reinforced the advantages compared to LNG, which is being heavily marketed as a long term solution. “Methanol is similar to existing liquid marine fuels and is much easier to handle than LNG, as existing fuel tanks can be used, while the cost of conversion to methanol is 25 percent of an LNG conversion. Beyond cost savings, methanol is the only 2020-compliant fuel capable of intrinsically achieving NOx Tier III compliance by use of water in fuel technology. In the near term, bio-methanol has near zero CO2 footprint, hence it is capable of addressing the forthcoming IMO CO2 reduction regulations.”

Published by Editor - www.Livebunkers.com at 18-Jun-2019 04:12:46 [UTC] , contact editor at editor@livebunkers.com