Photo courtesy Rose Cay Maritime
US-based green methanol producer Carbon Sink and Rose Cay Maritime, a Jones Act shipping company, have signed a Memorandum of Understanding to help increase green methanol production, transportation, bunkering, and storage for the shipping sector.
The collaboration will provide a cost-effective, streamlined supply chain for Carbon Sink’s large-scale green methanol projects in the U.S. to meet the growing demand for decarbonization in the maritime industry.
“Carbon Sink is a leader in the creation of state-of-the-art green methanol plants that will help drive a material shift in the shipping 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 from the ambitious decarbonization goals of the maritime industry.”
The agreement will facilitate Carbon Sink’s delivery of 100,000 tonnes of green methanol annually to A.P. Moller-Maersk from its debut plant, which is expected to commence production in 2027. Carbon Sink and Maersk signed a letter of intent back in November for the purchase of the full volume of fuel produced at Carbon Sink’s first facility located at the Red River Energy bio-ethanol plant in Rosholt, South Dakota. The fuel will be used to power Maersk’s fleet of green methanol-powered containerships.
“Rose Cay Maritime is the ideal partner to help Carbon Sink deliver our carbon-neutral fuels to our customers. Their industry knowledge and leadership in advancing the maritime energy transition will enable us to better serve the market as we expand our production capacity,” said Carbon Sink CEO Steve Meyer.
Rose Cay Maritime is relatively new to the Jones Act market, having started in 2021 after purchasing eight tug and barge units from bankrupt Bouchard Transportation at auction.
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