Jones Act Shipping Company Rose Cay Maritime Forms Green Methanol Partnership With US Producers Ship’s crew

US-based green methanol producer Carbon Sink and Rose Cay Maritime, a Jones Act shipping company, have signed a memorandum of understanding to increase the production, transportation, bunkering and storage of green methanol for the marine sector.

The collaboration will provide a cost-effective, streamlined supply chain for Carbon Sink’s major green methanol projects in the US to meet the growing demand for decarbonization in the marine industry.

“Carbon Sink is leading the way in creating state-of-the-art green methanol plants that will help drive a significant shift in the marine industry’s decarbonization initiatives that aligns with Rose Cay’s sustainability goals,” said Alex Parker, CEO of RCM. “Together we look forward to providing much-needed green methanol production and supply chain solutions to meet growing demand driven by the maritime industry’s ambitious decarbonization goals.”

The agreement allows Carbon Sink to supply 100,000 tonnes annually of green methanol to AP Moller-Maersk from its first plant, which is expected to start production in 2027. Carbon Sink and Maersk signed a letter of intent in November to purchase all of the fuel to be produced at Carbon Sink’s first facility at Red River Energy’s bioethanol facility in Rosholt, South Dakota. The fuel will be used to power Maersk’s fleet of environmentally friendly, methanol-powered container ships.

“Rose Cay Maritime is the ideal partner to support Carbon Sink in delivering our carbon neutral fuels to our customers. Her industry knowledge and leadership in advancing the maritime energy transition will allow us to better serve the market as we expand our production capacity,” said Steve Meyer, CEO of Carbon Sink.

Rose Cay Maritime is relatively new to the Jones Act market, having begun buying eight tug and barge units from bankrupt Bouchard Transportation at auction in 2021.

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