OCI Global secures green methanol bunker licence in Egypt's Port Said

Netherlands-based chemical manufacturer OCI Global has secured the first green methanol bunkering permit from the SCZONE at Egypt’s East Port Said and West Port Said.

PHOTO: Ship's convoy passing through Suez Canal in Egypt. Getty Images

The General Authority of Suez Canal Economic Zone’s (SCZONE) board of directors has approved a six-month renewable permit for OCI Global’s renewable and low-carbon fuels subsidiary, OCI HyFuels, to provide green methanol bunkering services at both ports.

Both the East Port Said and West Port Said ports are located along the Suez Canal, which caters to around 12% of global marine traffic and 30% of container traffic every year, said OCI Global.

“Egypt will be an important green bunkering hub in the coming years and will play an essential part of our global bunker network,” said OCI HyFuels’ chief executive officer Bashir Lebada.

This permit is a “direct response to the growing demand for green methanol as a marine fuel as the industry recognizes its readiness, efficacy, and safety,” OCI Global said. “It lays the groundwork for future green methanol-powered ships,” the company further added.

“This supports SCZONE's continuous efforts to provide bunkering services with conventional and green fuels at its affiliated ports,” SCZONE stated. 

By Aparupa Mazumder 

Please get in touch with comments or additional info to news@engine.online