SRC Group and GREEN MARINE have entered into a collaborative agreement to jointly develop and bring Methanol Superstorage to market. This partnership unites two of the leading proponents of methanol as a marine fuel, aiming to leverage the advantages of SRC’s innovative Methanol Superstorage solution.
The Methanol Superstorage solution, utilising SPS Technology’s Sandwich Plate System instead of traditional cofferdams, has significantly impressed various industry stakeholders, including shipowners, builders, repairers, class societies, and insurers. This system enhances shipboard tank volumes by 85%, effectively addressing the lower energy density of methanol compared to conventional heavy fuel oil (HFO).
GREEN MARINE, an independent advisory and project management firm, has a stellar reputation for facilitating methanol transitions across all ship segments. The firm’s comprehensive services encompass ship design, yard selection, construction supervision, technical management, operations, training, procurement, sales, and bunkering. GREEN MARINE is currently involved in most methanol-related ship projects globally.
“Following the huge initial impact made by Methanol Superstorage, SRC and GREEN MARINE will work together to provide comprehensive technical coverage for methanol integration,” stated Hannes Lilp, CEO of SRC Group. “With GREEN MARINE’s extensive experience in methanol projects and overall technical knowledge of the entire process, combined with SRC’s expertise in methanol storage and over 23 years of experience in ship refits and conversions, we are well-placed to onboard Methanol Superstorage for both retrofit and new build vessels, and establish a mature sales framework to enable global adoption.”
GREEN MARINE continues to advance the methanol supply chain within the marine market. Recent agreements include preparations for green methanol supplies from Chinese partners. The firm has also appointed Chris Chatterton, former Chief Commercial Officer of the Methanol Institute, as Managing Director & Partner, effective July 1, 2024.
Chatterton commented: “Market receptiveness to Methanol Superstorage has been exceptional and we look forward to working with SRC to realise its extraordinary potential to help drive forward methanol as a mainstream marine fuel. Investors will be encouraged to know that, as the most experienced technical player in marine methanol, GREEN MARINE’s expertise, insight, and global support stands alongside SRC in the demonstration phase of Methanol Superstorage.”
Methanol Superstorage has already received Approval in Principle from a leading IACS society, indicating no conceptual issues related to ship regulatory requirements. “In parallel to class approvals, SRC and GREEN MARINE will also oversee and manage third-party technical development,” added Lilp.
