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BUNKER HOLDING AND SyntexNRG ANNOUNCE GREEN METHANOL SUPPLY AGREEMENT
May 7, 2024: Bunker Holding A/S, one of the world's leading marine fuel suppliers, and SyntexNRG Inc., a renewable fuels and technology development company, today announced that they have entered into an agreement for the development and production of renewable methanol to supply the fuel at the ports where Bunker Holding has physical operations located around the world.
Maritime participants are intensifying their efforts to prepare for the transition to a low-carbon future in shipping. The Syntex premium methanol will meet even the most rigid of low-carbon emissions standards set by multiple decarbonization programs, including the European Union ETS for marine fuels, the FuelEU Maritime Initiative, and IMO’s 2030 and 2050 emission reduction targets.