Mabanaft has signed a non-binding agreement with HIF Global to initially offtake 100,000 tonnes of hydrogen-based e-methanol for use in the maritime industry.
In an online statement, Mabanaft said the Memorandum of Understanding (MOU) agreement outlines “the starting point for negotiations to define the terms of a potential offtake contract.”
The German firm’s Senior Vice-President New Energy, Supply & Infrastructure, Volker Ebeling, said Mabanaft is currently in the process of making methanol storage available at its Port of Hamburg tank terminal, with possible scope for further global locations.
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