The two have partnered to promote the use of methanol as a marine fuel by encouraging the uptake of SRC's Methanol Superstorage.
"Using the SPS Technology Sandwich Plate System instead of traditional cofferdams that separate tank walls, Methanol Superstorage boosts shipboard tank volumes by 85% and provides effective mitigation for methanol's significantly lower energy density than conventional HFO [heavy fuel oil]," the parties underlined in a press brief.
GREEN MARINE will use its expertise in delivering methanol solutions for all vessel segments (incl. ship design, yard selection, construction supervision, technical management and operations, training, procurement, sales, and bunkering) to further develop and deliver SRC's Methanol Superstorage to the market.
"Following the huge initial impact made by Methanol Superstorage, SRC and GREEN MARINE will work together to provide comprehensive technical coverage for methanol integration. With GREEN MARINE's extensive experience in methanol projects and overall technical knowledge of the entire process, combined with SRC's expertise in methanol storage and over 23 years of experience in ship refits and conversions, we are well-placed to onboard Methanol Superstorage for both retrofit and new build vessels, and establish a mature sales framework to enable global adoption," commented Hannes Lilp, CEO, SRC Group.
Chris Chatterton, Managing Director & Partner, GREEN MARINE, added, "Market receptiveness to Methanol Superstorage has been exceptional and we look forward to working with SRC to realise its extraordinary potential to help drive forward methanol as a mainstream marine fuel. Investors will be encouraged to know that, as the most experienced technical player in marine methanol, GREEN MARINE's expertise, insight and global support stands alongside SRC in the demonstration phase of Methanol Superstorage."
Read more about Methanol Superstorage in BTJ 1/24's Turn up the volume! Addressing the storage challenge of methanol as a marine fuel
Photo: SRC Group