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Proman Stena Bulk—Stena Pro Marine

Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk, today announced the delivery of its second methanol-powered newbuild tanker, Stena Pro Marine.

In a joint release, the companies said Stena Pro Marine entering normal operation is another statement of intent to the market that it is not only possible, but more importantly, it is operationally effective to use methanol as a marine fuel today, with methanol already available at over 120 ports worldwide, including all major bunkering hubs.

Anita Gajadhar, MD of Proman Shipping, Marketing and Logistics, said vessels such as the Stena Pro Marine demonstrate to shipowners and policy-makers that the industry can take proactive and immediate steps on the decarbonisation pathway.

She added, “Proman and other producers are ramping up investments in low-carbon methanol technologies and renewables projects to meet rapidly expanding customer demand.

“As regulators continue to propel much-needed maritime decarbonisation, including the EU’s ‘Fit for 55’ legislative package, these vessels underline the importance of a regulatory framework that relies on one certification methodology for alternative fuels and accurate emission measurements of all fuels—including reduced carbon-intensity fossil-origin products, which play an important early role in accelerating the switch to cleaner fuels and enabling the pathway to net-zero.”

Erik Hånell, President and CEO of Stena Bulk said his company was proud to be able to add Stena Pro Marine alongside Stena Pro Patria to its fleet with this delivery announcement.

“We truly believe that these vessels are not only a step forward for MR tanker design but are also a clear statement of intent to the market. They showcase our confidence in methanol as an important and viable solution for the future of sustainable shipping.” Hånell added.

Alongside pioneering the methanol tankers, Proman and Stena Bulk said they are also committed to supporting the development of frameworks for methanol uptake in shipping.

The JV will continue to invest in methanol as a marine fuel and support legislation and regulations that drive methanol’s viability today while continuing to develop production and infrastructure for tomorrow.

Proman is one of the world’s largest methanol exporters and the largest producer in T&T.