Singapore Methanol Private Limited and Global Energy Overseas are pleased to announce the signing of a Memorandum of Understanding (MOU) that brings together expertise and vision to advance sustainable maritime fuel solutions. This partnership aims to drive the development and promotion of bio-methanol as a commercially viable, eco-friendly bunker fuel option, with broader ambitions to support decarbonization goals within the shipping industry.
Under this agreement, Singapore Methanol and Global Energy Overseas, a subsidiary of Global Energy International Ltd., will collaborate on projects including FuelEU Maritime compliance pooling, the storage and distribution of green methanol, and the exploration of advanced alternative marine fuels. These initiatives align with our shared commitment to reducing greenhouse gas emissions and meeting regulatory requirements for carbon intensity reduction.
Charles Shang, CEO of Singapore Methanol, commented, “This partnership is a major step in advancing Singapore as a key player in the global green methanol landscape. We’re excited to leverage our expertise to bring innovative, sustainable fuel solutions to the maritime sector.”
Mr. Loh Hong Leong, Managing Director of Global Energy Overseas, added, “Global Energy is committed to providing reliable, forward-thinking fuel solutions for a sustainable future. Working with Singapore Methanol opens new doors for collaboration on low-emission fuels, helping our clients meet regulatory standards while contributing to a greener industry.”
