Mabanaft and HIF Global to accelerate methanol adoption in the shipping industry

GERMANY

Mabanaft and HIF Global to accelerate methanol adoption in the shipping industry

Energy company Mabanaft and HIF Global have signed a heads of agreement for the offtake of e-methanol from, HIF’s planned e-Fuels facilities, reinforcing their commitment to advancing carbon-reducing fuels for the shipping industry. The initial offtake would be of up to 100,000 t/a of e-methanol produced from renewable electricity and captured CO2 per year. As HIF Global moves forward with the development of its e-Fuels facilities, Mabanaft says that it will further explore demand for different methanol applications jointly with its customers.

Volker Ebeling, Senior Vice President New Energy, Supply & Infrastructure at Mabanaft said: “We strongly believe in the potential of e-methanol as a key enabler of the energy transition, and we are proud to deepen our partnership with HIF Global. This agreement is a further step forward in providing our shipping customers with a viable, alternative fuel. In parallel we are now in the process of making methanol storage available at our Hamburg tank terminal and possibly further global locations. Our combined efforts help bridging the gap towards a broader adoption of methanol in the maritime sector.”

Diego Fettweis, Chief Commercial Officer of HIF Global, stated, “Today we take another step in leading the e-Fuels industry, joining forces to break into a key market: shipping. Drop-in fuels can make a relevant difference ensuring a secure energy supply while leveraging existing infrastructure.”

HIF has a pilot green methanol facility at its HIF Haru Oni e-Fuels facility in southern Chile and is developing commercial-scale e-Fuels facilities in the United States, Uruguay, Australia, and Chile.