Pacific Carriers Limited (PCL) and PaxOcean Holdings Pte Ltd (PaxOcean) are collaborating with ABS on their decarbonization journey.
The first step is a recently signed joint development project (JDP) to study methanol as an alternative fuel for the PCL fleet. Under the JDP, ABS will evaluate the means and impact of retrofitting a PCL vessel with a propulsion system powered by methanol as an alternative low-carbon fuel option.
John McDonald, ABS Executive Vice President and COO Said:
“PCL and PaxOcean are forward-looking companies, and as a leader in maritime decarbonization, ABS is proud to be able to use our deep insight to support their sustainability journeys. Methanol represents a promising fuel, with practical benefits related to ease of storage and handling, tank-to-wake carbon intensity reduction, as well as a pathway to carbon neutrality through green methanol,”
Hor Weng Yew, MD and CEO of PCL said:
“This partnership with ABS and PaxOcean is part of PCL’s commitment to achieve carbon neutrality by 2050 or earlier. With methanol gaining maturity as a marine fuel, we believe it has great potential to significantly reduce our carbon footprint in the short to mid-term. This study will serve to identify the options we have to adapt our existing ships to handle methanol effectively and safely.”
Tan Thai Yong, MD & CEO of PaxOcean said:
“Our collaboration with PCL and ABS brings together collective expertise that allows us to work alongside to accelerate the potential use of methanol as a future alternative fuel for ships which will significantly reduce Singapore’s carbon footprint.”
Source ABS American Bureau of Shipping