Costa and AIDA Eye Methanol With New Agreement

Costa and AIDA Eye Methanol With New Agreement

Costa Group and the leading methanol producer, Proman, have signed an MOU to drive further the implementation of methanol as a marine fuel for the cruise industry, according to a press release.

The partnership aims to accelerate the energy transition and decarbonization of the existing fleet for Costa and AIDA by enhancing the supply of sustainable methanol, paving the way for the retrofitting of existing vessels to operate on clean fuel, as well as investment in further methanol-fueled new builds.

“The technology to retrofit a vessel to accept methanol as a fuel is available today. Our methanol products can facilitate the transition to low-carbon intensity fuels. Methanol-powered vessels have a proven track record of reducing and eliminating major greenhouse gas emissions, delivering immediate air quality improvements around major ports and shipping lanes. We are excited to bring our expertise along the full methanol value chain to help deliver on Costa Group’s bold ambitions,” said Tim Cornelius, Proman’s Managing Director of Corporate Development.

“We are reducing the carbon footprint of our fleet while at the port and at sea, investing in advanced environmental technologies and partnering with companies such as Proman who share a passion for the sustainable energy transition. By enabling cruise ships to use methanol as a propulsion fuel, Costa follows the ambition to take the next big step towards GHG-neutral operations of our fleet by 2050,” added Dr Christoph Schladoer, VP of Decarbonization Costa Group.