Procurement Resource Logo
    • Complexity Reduction Tool
    • Digital Should Cost Model
    • Procure 360
    • Sourcing Compass
    • Spend Analytics
    • Sustainability Tracker
    • Pricing Dashboard
  • Industries
    • Agriculture & Farming Commodities
    • Chemicals
    • Energy, Metals and Minerals
    • Flavours and Fragrances
    • Food and Beverages
    • Healthcare
    • Machinery, Electronics and Durables
    • Operating Costs, Logistics and Utilities
    • Packaging
  • Services
    • Category Compass
    • Commodity Compass
    • Supplier Compass
    • Data Analytics & Automation
    • Digital Solutions
    • Blogs
    • News & Articles
    • Newsletter
    • Manufacturing Plant Project Report3000+
    • Production Cost Report2000+
    • Price Trends1000+
Social Media Icon of linkedinCall Support IconSearch Icon
Login

Newsletter

Get Latest News About Procurement Resource Subscribe for News

Industries

  • Agriculture & Farming Commodities
  • Chemicals
  • Energy, Metals and Minerals
  • Flavours and Fragrances
  • View All

Services

  • Category Compass
  • Commodity Compass
  • Supplier Compass
  • Data Analytics & Automation
  • Digital Solutions
  • View All

Useful Links

  • Testimonial
  • Press Releases
  • About Us
  • Careers
  • Who We Are
  • Term Of Use
  • Contact Us

Solutions

  • How We Work
  • Tail Spend Management
  • Full Time Engagement
  • Custom Research
  • Subscriptions
  • Resource Center
  • Return/Refund Policy
Copyright © 2026 Procurement Resource. All rights reserved.
  • Social Media icon Twitter i.e X
  • Social Media icon instagram i.e insta
  • Social Media icon linkedin i.e in
  • Social Media icon facebook i.e fb

News and Articles

  1. Home/
  2. News and Articles/
  3. Hy2gen and Mitsui OSK Lines Collaborate

Hy2gen and Mitsui OSK Lines Collaborate to Harness e-methanol in the shipping Industry

Blog Detail Image
Oct 30, 2023
˜ Veronica Khanna

In a notable collaboration, Japanese ship operator Mitsui OSK Lines (Mol) and German hydrogen developer Hy2gen have announced their partnership to explore the use of e-methanol in the shipping industry. The e-methanol will be sourced from Hy2gen's Nautilus project, located in Lower Saxony, Germany. This strategic alliance not only focuses on the utilization of e-methanol but also aims to investigate its application as a marine fuel in the Atlantic region.

Request Access To The Latest Price Trends of Methanol

Hy2gen Deutschland, a wholly-owned subsidiary of Hy2gen, is instrumental in this partnership. Their Nautilus project, which is currently in the planning phase, is envisioned to produce 60,000 tons per year of e-methanol, specifically targeting the shipping industry's needs. The anticipated start date for commercial operations of the plant is 2028, as stated by Mol on October 25.

Mol underscored the importance of being involved from the production stage, which is a key motive for this latest tie-up. The company has set ambitious goals, aiming to have 90 vessels fueled by LNG (Liquefied Natural Gas) or methanol in service by the year 2030.

Hy2gen Deutschland plans to produce the e-methanol by purifying and combining locally sourced CO2 with hydrogen generated from renewable energy sources. This process underscores the commitment of both Mol and Hy2gen towards sustainable and environmentally-friendly fuel options for the maritime industry.

Read More About Methanol Production Cost Reports - Get a Free Sample Copy in PDF

This collaboration marks a significant step towards the development of cleaner fuel alternatives in the shipping sector and highlights the growing interest in sustainable energy solutions globally.

According to the article by Procurement Resource, Mitsui OSK Lines (Mol) and Hy2gen collaborate to explore e-methanol as a marine fuel, sourcing it from Hy2gen's Nautilus project in Germany, set to produce 60,000 tons annually starting 2028. Mol aims to fuel 90 vessels with LNG or methanol by 2030. Hy2gen Deutschland will produce e-methanol from local CO2 and renewable hydrogen, highlighting a commitment to sustainable maritime fuel. This partnership marks a major step towards cleaner shipping fuels.

Recent News & Articles

Class III Milk Forecast Lifted to $17.00/cwt on Cheese and Whey Strength
Class III Milk Forecast Lifted to $17.00/cwt on Cheese and Whey Strength
Cheese Procurement Outlook: Spot Prices Ease, Annual Forecasts Rise
Cheese Procurement Outlook: Spot Prices Ease, Annual Forecasts Rise
Coconut Oil Procurement Outlook Improves as Export Supply Grows
Coconut Oil Procurement Outlook Improves as Export Supply Grows
Rapeseed Oil Supply Outlook Improves as Canada Stocks Rise
Rapeseed Oil Supply Outlook Improves as Canada Stocks Rise
Sunflower Oil Supply Rebuild Coming as Ukraine Output Jumps 19 Percent
Sunflower Oil Supply Rebuild Coming as Ukraine Output Jumps 19 Percent

Tags

#Commodity Prices
#Commodity Prices
#Commodities
#Commodities
#Industrial News
#Industrial News
#Gold
#Gold
#Chemicals
#Chemicals
#Outlook for Potassium Carbonate
#Outlook for Potassium Carbonate
#US Steel Scrap Prices
#US Steel Scrap Prices
#USDA Milk Forecast
#USDA Milk Forecast
#Cheese Prices
#Cheese Prices
#Agriculture Raised
#Agriculture Raised
  • Access independent price trends and market intelligence for thousands of raw materials.
  • Request customised production cost and prefeasibility reports for specific plants or locations.
  • Explore subscription dashboards for continuous tracking of prices, indices, and news.
  • Commission bespoke research on categories, suppliers, or trade flows tailored to your brief.

Our Team will be happy to assist you

We are Just a Text away

Read other news in this category

Middle East Conflict Pushes Ethylene Prices Higher, Adding Cost Pressure to PVA Supply Chain
Middle East Conflict Pushes Ethylene Prices Higher, Adding Cost Pressure to PVA Supply Chain
European Chemical Industry Crisis Deepens With Energy Costs Three Times Higher Than US Levels
European Chemical Industry Crisis Deepens With Energy Costs Three Times Higher Than US Levels
Glass Sector Recovery Supports Firm Demand Outlook for Potassium Carbonate Through 2026
Glass Sector Recovery Supports Firm Demand Outlook for Potassium Carbonate Through 2026
PVD Salt Market Tightens as Tata Chemicals Mithapur Facility Runs at 92% Utilisation
PVD Salt Market Tightens as Tata Chemicals Mithapur Facility Runs at 92% Utilisation
Asian Cracker Run Cuts Tighten Ethylene Supply For Polymer Buyers
Asian Cracker Run Cuts Tighten Ethylene Supply For Polymer Buyers