Eco-Business: Is Volatile Fuel Used in Racing Cars a New Power Source for Ships?

“Global IMO curbs will lower emissions to 0.5 per cent in 2020 or 2025 from the existing 3.5 per cent. The controls have led shipping firms to consider alternative fuels as methanol, which is sulphur free and has low levels of nitrogen oxide, as well as low-sulphur diesel and LNG. Methanol is cheaper than LNG, which costs between $900 and $1,100 a tonne, including port and storage costs, according to maritime services consultant Poten & Partners.”