Methanol ships depend on China
MSI14 March 20251 Minute
According to Maritime Strategies International, the average cost for e-methanol in 2024 was $2,348 per ton of low sulphur fuel oil equivalent, nearly four times the price of low sulphur fuel oil.
Mariam Tzannatos, a decarbonisation analyst at the London-based consultancy, tells EEI: “Pricing is currently a significant barrier to the widespread adoption of renewable methanol in the shipping industry.” Read more at European Energy Innovation.