17 July 2023

OCI Global completes first ever green methanol bunkering at Port of Ulsan

OCI Global completes first ever green methanol bunkering at Port of Ulsan

Yesterday, we achieved a global milestone, completing the world’s first green methanol bunkering operation with our OCI HyFuels ISCC certified green methanol, establishing green methanol as the low-carbon fuel catalyzing the decarbonization of the shipping industry.

The green methanol bunkering operation marks the start of the world’s first green methanol powered container ship’s maiden voyage, which will see it sail from Ulsan to Copenhagen, bunkering in Singapore, Egypt, and Rotterdam en route.

Kick-starting the decarbonization of shipping

The operation comes just over a week after IMO announced its revised strategy for the industry to reach net zero ‘by or around 2050’ and includes ‘indicative checkpoints’ towards that goal.

The journey will be a catalyst for future green methanol bunkering and will see the ship re-fueled with OCI Hyfuels’ green methanol at key global ports, positioning OCI as the first commercial bunker operator of green methanol at global scale.

Ulsan Port is the world’s fourth largest port for liquid cargo and home to several leading shipbuilders. The expertise gained by the successful bunkering of the green methanol ship will be invaluable for the port, positioning it as a global leader in maritime decarbonization.  

Image credit: Ulsan Port Authority

A new era

This journey marks the beginning of a new, more sustainable era in shipping and proves the reliability, safety, and efficiency of green methanol as the first low carbon shipping fuel. The successful bunkering is a testament to the collaboration of our partners including the Ulsan Port Authority, Maersk and transportation and storage partner, Odfjell SE, with the support of the Korean Ministry of Oceans and Fisheries. We look forward to continuing our crucial role in bunkering green methanol to the ship at each stage of its journey to Europe.

Read more about OCI HyFuels here.

Subscribe to email updates

Subscribe for news and stories about our business, industries, and products.

Thank you for subscribing.

Lines Effect