Chilean towage services provider SAAM Towage and Texas-based Caterpillar Marine have signed a memorandum of understanding (MOU) to evaluate and implement alternative power solutions to diesel, including electrification and alternative fuels such as methanol and ethanol, for the tug fleet.
Spanish shipping and chemicals company Forestal del Atlántico and Germany’s chemical manufacturing player BASF have inked an early disclosure agreement (EDA) with the goal of accelerating the production of e-methanol (eMeOH) through carbon capture solutions. Under the terms of the agreement, BASF is
