Methanex, Stena Line and Port of Gothenburg Obtain New Methanol Marine Gasoline Milestone

Methanex Corporation

Methanex Company

World’s first methanol ferry is first non-tanker to bunker by way of ship-to-ship

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) — Methanex Company (TSX:MX) (NASDAQ:MEOH), Stena Line and the Port of Gothenburg are proud to mark a brand new milestone in advancing methanol as a cleaner burning marine gasoline—supporting the delivery business’s shift in the direction of decarbonization. On January 23, the world’s first methanol ferry, the Stena Germanica, was the primary non-tanker to efficiently full ship-to-ship methanol bunkering on the Port of Gothenburg in cooperation with Methanex. This partnership is one other demonstration of the management function that the events play in rising the demand for methanol as a marine gasoline and their dedication to taking part in an energetic function in supporting the business’s power transition.

“Because the world’s largest producer and provider of methanol, we’re happy to proceed our collaboration with Stena Line to reveal that methanol is a number one different, cleaner burning, future-proof marine gasoline,” stated Karine Delbarre, Senior Vice President, World Advertising & Logistics, Methanex. “This primary ship-to-ship methanol bunkering for a non-tanker, leveraging our companions E&S Tankers and Port of Gothenburg, is additional proof that methanol is globally out there, secure to ship, retailer and deal with utilizing procedures much like these for standard marine fuels.”

“The Stena Germanica, connecting Gothenburg, Sweden with Kiel, Germany, grew to become the world’s first methanol-powered ferry when Stena Line transformed the 240 metre vessel in 2015 in partnership with Methanex, Wärtsilä, the Port of Gothenburg and the Port of Kiel,” stated Maria Tornvall, Head of Sustainability at Stena Line. “We welcome ship-to-ship bunkering as a instrument to realize a secure and environment friendly provide chain for methanol which is crucial in Stena Line’s shift to different fuels and to retain our place as a frontrunner in sustainable delivery.”

As the biggest port in Scandinavia, the Port of Gothenburg’s ambition is to turn out to be the first bunkering hub for renewable methanol in Northern Europe.

“This can be a door-opening demonstration, proving that there’s a possible solution to deal with ship-to-ship methanol bunkering. With this, we’re strengthening our place as a bunker hub and on the similar time showcasing that this may be performed in a secure and environment friendly means. Not solely right here, but additionally in different ports around the globe,” stated Christoffer Lillhage, Senior Enterprise Improvement Supervisor, Power on the Gothenburg Port Authority.

Methanol in its place marine gasoline has ultra-clean burning properties that meet more and more stringent air high quality emissions rules within the maritime sector. In comparison with standard marine fuels, methanol reduces emissions of sulphur oxides (SOx) and particulate matter (PM) by greater than 95 per cent, nitrogen oxides (NOx) by as much as 80 per cent and CO2 from combustion by as much as 15 per cent.

About Methanex Company
Methanex Company is the world’s largest producer and provider of methanol to main worldwide markets in Asia Pacific, North America, Europe, and South America. The corporate’s methanol manufacturing websites are positioned in New Zealand, the US, Trinidad, Chile, Egypt, and Canada. Methanex is headquartered in Vancouver, Canada, and the corporate’s frequent shares commerce on the Toronto Inventory Alternate beneath the image MX and on the NASDAQ World Choose Market beneath the image MEOH. For extra info, please go to www.methanex.com.

About Stena Line
Stena Line is without doubt one of the world’s largest ferry firms with 39 vessels and 18 routes in Northern Europe working 25,000 sailings every year. Stena Line is a crucial a part of the European logistics community and develops new intermodal freight options by combining transport by rail, highway and sea. Stena Line additionally performs an necessary function for tourism in Europe with its intensive passenger operations. The corporate is family-owned, was based in 1962 and is headquartered in Gothenburg. Stena Line has 5,100 staff and an annual turnover of 14 billion SEK. For extra info, please go to www.stenaline.com.

In regards to the Port of Gothenburg
The Port of Gothenburg is the biggest port in Scandinavia. Round 30% of Swedish home and overseas commerce passes by the Port of Gothenburg and over 50% of all container visitors. The port is a full-service port, and gives business assured, climate-smart entry to the entire world. Direct companies to key markets guarantee extremely environment friendly, sustainable, and dependable transport 24 hours a day, three hundred and sixty five days a yr. The main target is firmly on sustainability, innovation, and digitalisation in a concerted effort to take care of the continued growth of climate-efficient freight transport and calls by vessels. With over 30 rail shuttles providing each day departures, firms all through Sweden and Norway have a direct, climate-neutral service to the Port of Gothenburg. The port handles power merchandise, autos, ro-ro items, containers and passengers. 22,000 individuals are employed on the port. For extra info go to www.portofgothenburg.com.

For additional info, contact:

Methanex Media Inquiries
Nina Ng, Supervisor, World Communications
+1-604-661-2600 or Toll Free: +1-800-661-8851

Methanex Investor Inquiries
Sarah Herriott
Director, Investor Relations
+1-604-661-2600 or Toll Free: +1-800-661-8851

Stena Line
Stefan Elfström, PR Supervisor
+46 31 85 85 32

Gothenburg Port Authority
Stefan Strömberg
Press officer
+46 (0) 313687715

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