HIF Global & eFuel One Explore E-Methanol Offtake | Mariner News
HIF Global and German eFuel One have signed a Heads of Agreement to explore a long-term e-methanol offtake deal. This significant collaboration aims to secure approximately 100,000 metric tons per year of green e-methanol, sourced from HIF Global’s Paysandú project in Uruguay. This agreement marks a pivotal step towards decarbonizing global shipping and advancing sustainable maritime fuels.
Powering Sustainable Shipping with E-Methanol
E-methanol, produced from green hydrogen and captured CO2, is a crucial renewable fuel for shipping. It integrates seamlessly into dual-fuel methanol vessels, offering a direct pathway to reduce carbon emissions. This partnership underscores commitment to strict environmental standards, meeting IMPCA specifications and EU RED III RFNBO certification requirements, ensuring a high-quality, sustainable product.
The HoA establishes the framework for a definitive supply agreement, supporting the global scaling of e-methanol production. This initiative bolsters HIF Global’s strategic expansion in Europe, building on a prior e-fuel offtake agreement with German energy firm MB Energy. Such developments are vital for accelerating Europe’s green energy transition.
Driving Global Renewable Fuel Adoption
This collaboration exemplifies the accelerating shift towards sustainable energy solutions in maritime transport. By securing substantial volumes of renewable methanol, HIF Global and eFuel One actively contribute to broader adoption of cleaner fuels. These partnerships are essential for building robust supply chains for low-carbon alternatives, paving the way for an environmentally responsible future for global shipping.
