Ørsted First Customer of UK Biomethanol Bunkering Service
operating
Stage
The UK's first commercial biomethanol storage and supply service for shipping has launched at the Port of Immingham to advance decarbonisation in maritime transport. Ørsted will be the first company to use the new service for its North Sea offshore wind farm maintenance vessels. The initiative is a partnership between Exolum, Methanex Corporation, and Ørsted. Exolum will provide storage and fuelling infrastructure, Methanex will supply the biomethanol, and Ørsted will utilize the service.
Deal Analysis
This partnership between Ørsted, Exolum, and Methanex Corporation establishes the UK's first commercial biomethanol bunkering service at the Port of Immingham. Ørsted will be the inaugural customer, utilizing the service for its North Sea offshore wind farm maintenance vessels. Exolum will provide the necessary storage and fuelling infrastructure, while Methanex Corporation will supply the biomethanol. This initiative aims to advance decarbonization within the maritime transport sector by providing a readily available alternative fuel source. The deal is structured as a supply agreement, with Ørsted acting as the end-user of the biomethanol fuel.
The collaboration is strategically important as it demonstrates a commitment to sustainable practices within the offshore wind industry and the broader maritime sector. While the financial value of the deal is undisclosed, the involvement of major players like Ørsted and Methanex Corporation signals a significant investment in biomethanol infrastructure. The partnership could serve as a model for other ports and companies seeking to reduce their carbon footprint and comply with increasingly stringent environmental regulations. Associated British Ports are also involved, likely providing the port infrastructure and support for the project.
- Establishes the UK's first commercial biomethanol bunkering service.
- Involves key players: Ørsted, Exolum, and Methanex Corporation.
- Supports decarbonization efforts in the maritime transport sector.
- Ørsted will be the first customer, using the service for offshore wind farm maintenance vessels.
Market Context: The maritime transport sector is under increasing pressure to reduce its greenhouse gas emissions. Biomethanol is emerging as a viable alternative fuel, offering a pathway to decarbonization. This deal is located in Europe, specifically the UK, which is actively promoting renewable energy and sustainable transportation initiatives.
Timeline
Announced
Feb 11, 2026
Signed
Closed
Counterparts (4)
Partner
Ørsted
Ørsted acted as the seller in a single deal, divesting its European onshore wind, solar, and storage...
Exolum
Exolum is a company focused on managing and building advanced logistics infrastructures for liquid b...
Methanex Corporation
Methanex Corporation is the world's largest producer and supplier of methanol. They focus on global ...
Market Context
This deal is part of the Other sector in UK.
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Other deals
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deals in UK
Source
Ørsted Launch Customer of UK's First Commercial Biomethanol Bunkering Service | Offshore Wind
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