Mabanaft and HIF Global have signed a Heads of Agreement (HoA) for the planned offtake of e-methanol. The initial offtake would be of up to 100 00 tpy of e-methanol produced from renewable electricity (green hydrogen) and captured CO2.
The agreement outlines the starting point for negotiations to define the terms of a potential offtake contract. As HIF Global moves forward with the development of its e-Fuels facilities, Mabanaft will further explore demand for different methanol applications jointly with its customers. In 2021, both companies signed a Memorandum of Understanding (MoU). This new document seeks to deepen the existing collaboration.
Volker Ebeling, Senior Vice President New Energy, Supply, and Infrastructure at Mabanaft reaffirmed: “We strongly believe in the potential of e-methanol as a key enabler of the energy transition, and we are proud to deepen our partnership with HIF Global. This agreement is a further step forward in providing our shipping customers with a viable, alternative fuel. In parallel we are now in the process of making methanol storage available at our Hamburg tank terminal and possibly further global locations. Our combined efforts seek to help the broader adoption of methanol in the maritime sector.”