A memorandum of understanding has been signed between green methanol manufacturer Carbon Sink and shipping company Rose Cay Maritime (RCM) for to collaborate on supporting the maritime industry’s shift to low-carbon fuels.
Through the agreement, Carbon Sink and Rose Cay Maritime aim to increase green fuel production, transportation, bunkering and storage for the shipping industry. Drawing on its knowledge of the low-carbon maritime fuel supply chain, RCM will provide Carbon Sink with the means to link its green methanol projects to customers by offering end-to-end logistic solutions.
Both parties are targeting a cost-effective and streamlined supply chain as Carbon Sink establishes large-scale green methanol production facilities in the USA.
“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.”
“Rose Cay Maritime is the ideal partner to help Carbon Sink deliver our carbon-neutral fuels to our customers,” added Steve Meyer, CEO, Carbon Sink. “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.”