Deal smoothes path to Net Zero

Three energy companies and Associated British Ports have joined forces to establish the UK’s first commercially ready biomethanol storage and bunkering service for shipping. It marks a significant step in the sector’s transition to low-carbon fuels and signals growing industry confidence in alternative marine fuels as a practical, near-term solution.

Exolum, Methanex Corporation and Ørsted announced the initiative at the Port of Immingham, the UK’s largest port by cargo volume and a key hub for energy and bulk materials. Exolum will provide storage and fuelling infrastructure, Methanex will supply the biomethanol and Ørsted will be the first customer, bunkering vessels that support its