- Press Releases
December 7 (Renewables Now) - Royal Boskalis Westminster NV (AMS:BOKA) and several partners have secured a grant of EUR 24 million (USD 27m) for research supporting the use of methanol to cut the shipping industry’s emissions.
The Dutch dredging and offshore contractor announced this on Monday, saying the total research budget is roughly EUR 38 million, including a contribution from the firm.
The program, Methanol as an Energy Step Towards Zero-Emission Dutch Shipping, is sponsored by the Netherlands Enterprise Agency (RVO).
Apart from Boskalis, the consortium working to accelerate the use of methanol includes also ship owners, yards, suppliers of specialist maritime equipment and knowledge institutions. They will retrofit six different vessel types in order to test the viability of methanol fuel systems.
A study in 2020 showed methanol is not yet economically viable for retrofit in Boskalis’ vessels, while further research is being carried into its suitability for new-build vessels.