The Port of Melbourne (PoM) has signed an MoU with Maersk, ANL, Svitzer, Stolthaven Terminals, HAMR Energy, and ABEL Energy to explore the commercial feasibility of developing a green methanol bunkering hub in PoM. The project involves transporting green methanol from production sites in Tasmania and Victoria to PoM for storage and bunkering services.

The MoU aims to start the parties’ collaboration on the shipping decarbonisation initiative and identify any challenges that would need to be addressed.

The announcement aligns with the Victorian Chamber’s campaign to support businesses’ transition to a net-zero economy by reducing energy prices, ensuring reliable energy supply, and supporting businesses in transitioning to a net-zero economy.

Read more from the Victorian Chamber of Commerce and Industry.