Carbon Sink and Rose Cay Maritime Partner on Green Methanol

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Carbon Sink and Rose Cay Maritime Methanol

Carbon Sink LLC and Rose Cay Maritime Forge Strategic Alliance for Advanced Low-Carbon Maritime Fuel Logistics

  • Carbon Sink’s green methanol fuel provides a low-emissions alternative to traditional shipping fuels.
  • The agreement with Rose Cay Maritime will increase green methanol availability to shippers, cutting the sector’s CO2 emissions within four years.

Carbon Sink LLC, a pioneering green methanol manufacturer, and Rose Cay Maritime LLC (RCM), an innovative Jones Act-compliant shipping company at the forefront of the energy transition, jointly announced a Memorandum of Understanding aimed at facilitating the maritime sector’s transition to low-carbon fuels.

The agreement outlines a comprehensive plan to boost green fuel production, transportation, bunkering, and storage, custom-tailored specifically for the shipping sector. Leveraging RCM’s expertise in the low-carbon maritime fuel supply chain, Carbon Sink will gain a robust platform to seamlessly connect its green methanol projects with customers, providing end-to-end logistic solutions. This collaboration ensures a cost-effective, streamlined supply chain while Carbon Sink pursues the development of large-scale green methanol production facilities across the U.S.

“Carbon Sink is a leader in creating state-of-the-art green methanol plants that will significantly impact the shipping industry’s decarbonization initiatives, aligning with Rose Cay’s sustainability goals,” stated Alex Parker, CEO of Rose Cay Maritime. “Together, we eagerly anticipate providing much-needed green methanol production and supply chain solutions to meet the growing demand driven by the ambitious decarbonization goals of the maritime industry.”

To date, more than 220 methanol-capable vessels are either operating or under construction, signifying an annual demand that surpasses 6 million metric tons of green methanol. In November, Carbon Sink signed a letter of intent with the global shipping giant A.P. Moller-Maersk to deliver 100,000 tonnes of green methanol annually from its debut plant. The plant is scheduled to commence production in 2027, with Maersk committing to purchase the full volume of fuel produced, and also exploring options for future Carbon Sink facilities.

Steve Meyer, CEO of Carbon Sink, expressed his views on the agreement, stating, “Rose Cay Maritime is the ideal partner to help Carbon Sink deliver our carbon-neutral fuels to our customers. Their industry knowledge and leadership in advancing the maritime energy transition will empower us to better serve the market as we expand our production capacity.”

Source Carbon Sink LLC