📋 Tender Overview
Scope of Work:
To Develop Green Methanol Storage Facility in Egypt.
Description:
This facility will aim to supply low-carbon fuel for maritime transport, presenting an opportunity to establish clean alternative energy storage solutions globally. Green methanol is a synthetic fuel produced renewably and without polluting emissions, and can be produced from green hydrogen. This chemical compound can be used as a low-carbon liquid fuel and is a promising alternative to fossil fuels in areas where decarbonisation is a major challenge.
As a fuel, green methanol has several benefits compared to fossil fuels. It is clean-burning and has less and non-toxic emissions. As a liquid, it is easier, safer, and cheaper to store, transport, and handle, as existing infrastructure can be used. It is also a highly efficient and versatile fuel as it is produced from renewable feedstocks including renewable hydrogen and biomethane. Aside from the maritime industry, green methanol can help decarbonise other hard-to-abate industries, including chemical and plastics.
The addition of a facility in this area will provide bunkering solutions for those mainliners who have ordered green methanol powered vessels and is aligned with AD Ports Group’s overall decarbonisation strategy and expansion into clean energy liquid bulk storage. Industry sources anticipate that more than 100 methanol-fuelled ships will be in service from 2026, representing around a million tonnes of additional methanol demand, and according to Drewry and Clarksons, the methanol-fuelled vessel fleet will grow from 2 per cent to 14 per cent of the global fleet based on orders already placed.
Other Owners:
2) Orascom Construction
Nile City Towers, 2005A Corniche El Nil, Cairo, 11221, Egypt
Tel: +202 2461 1000
https://orascom.com/
