{"id":573,"date":"2024-05-29T17:22:10","date_gmt":"2024-05-29T09:22:10","guid":{"rendered":"http:\/\/www.hajomech.com\/ad-ports-inks-deal-for-green-methanol-facility-in-egypt\/"},"modified":"2024-05-29T17:22:10","modified_gmt":"2024-05-29T09:22:10","slug":"ad-ports-inks-deal-for-green-methanol-facility-in-egypt","status":"publish","type":"post","link":"http:\/\/www.hajomech.com\/ad-ports-inks-deal-for-green-methanol-facility-in-egypt\/","title":{"rendered":"AD Ports inks deal for green methanol facility in Egypt"},"content":{"rendered":"<div style=\"max-width:900px; margin:0 auto; background-color:rgb(246,246,246); padding:20px;line-height:30px\">\n<p><strong>AD Ports Group, Transmar, and Orascom Construction have signed a <\/p>\n<p>Memorandum of Understanding (MoU) for the development of a green methanol <\/p>\n<p>storage and export facility.<\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.hajomech.com\/wp-content\/uploads\/2026\/10\/1716974485238678-1.jpg\" alt=\"AD Ports inks deal for green methanol facility in Egypt\" title=\"AD Ports inks deal for green methanol facility in Egypt\" style=\"width: 100%; height: 100%; padding:20px 0px\"\/><\/p>\n<p>This facility will aim to supply low-carbon fuel for maritime transport, <\/p>\n<p>presenting an opportunity to establish clean alternative energy storage <\/p>\n<p>solutions globally, according to the Group.<\/p>\n<p><\/p>\n<p>Green methanol is a synthetic fuel produced renewably and without polluting <\/p>\n<p>emissions, and can be produced from green hydrogen. This chemical compound can <\/p>\n<p>be used as a low-carbon liquid fuel and is a promising alternative to fossil <\/p>\n<p>fuels in areas where decarbonisation is a major challenge.<\/p>\n<p><\/p>\n<p>The addition of a facility in this area will provide bunkering solutions <\/p>\n<p>for those mainliners who have ordered green methanol-powered vessels.<\/p>\n<p><\/p>\n<p>AD Ports anticipates that more than 100 methanol-fuelled ships will be in <\/p>\n<p>service from 2026, representing around a million tonnes of additional methanol <\/p>\n<p>demand, and according to Drewry and Clarksons, the methanol-fuelled vessel fleet <\/p>\n<p>will grow from 2 per cent to 14 per cent of the global fleet based on orders <\/p>\n<p>already placed.<\/p>\n<p><\/p>\n<p>Captain Ammar Mubarak Al Shaiba, CEO \u2013 Maritime &amp; Shipping Cluster, AD <\/p>\n<p>Ports Group, said: \u201cBy signing this MoU with Orascom Construction who have vast <\/p>\n<p>international experience in bulk liquid terminals for Methanol storage, and <\/p>\n<p>Transmar, who have decades of expertise in this region and within terminal <\/p>\n<p>operations, AD Ports Group and its subsidiaries are taking a significant step <\/p>\n<p>towards the sustainable future of energy.<\/p>\n<p><\/p>\n<p>\u201cThis initiative not only aligns with the UAE\u2019s decarbonisation goals but <\/p>\n<p>also accelerates the energy transition in shipping, positioning us at the <\/p>\n<p>forefront of the green hydrogen revolution and enabling us to contribute to <\/p>\n<p>global environmental stewardship and economic diversification.\u201d<\/p>\n<p><\/p>\n<p>Last month, AD Ports Group secured a 20-year concession to manage and <\/p>\n<p>expand the multifunctional port in Angola after signing agreements with <\/p>\n<p>Unicargas and Multiparques.<\/p>\n<p><\/p>\n<p>More recently, AD Ports Group signed a Memorandum of Understanding (MoU) <\/p>\n<p>with the Chittagong Port Authority to discuss the future development and <\/p>\n<p>management of the Multi-Purpose Port in Chittagong, Bangladesh.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>AD Ports Group, Transmar, and Orascom Construction have signed a Memorandum of Understanding (MoU) for the development of a green methanol storage and export facility.This facility will aim to supply low-carbon fuel for maritime transport, presenting an opportunity to establish clean alternative &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"hj_lang":[3],"class_list":["post-573","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts\/573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/comments?post=573"}],"version-history":[{"count":0,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts\/573\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/media?parent=573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/categories?post=573"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/tags?post=573"},{"taxonomy":"hj_lang","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/hj_lang?post=573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}