Caterpillar Marine invests in methanol engines to promote sustainable future and joins the Green Maritime Methanol consortium
Caterpillar is announcing additional development of alternative fuels with an investment in methanol engine technologies. This commitment supports the development of decarbonization efforts in the marine industry by offering cost effective methanol-powered solutions without sacrificing the value customers expect from Caterpillar.
“In order to continue supporting our customers with their climate-related goals Caterpillar Marine will continue exploring combustion technologies such as methanol. Today’s products are being designed to be upgradable for future methanol utilization, thus further enabling the energy transition,” comments Derrick York, Caterpillar Marine Managing Director.
Joins the Green Maritime Methanol consortium
Caterpillar Marine has joined the Green Maritime Methanol consortium (GMM), to work with other companies in the maritime industry to streamline adoption of methanol as a maritime transport fuel. Green methanol, an important candidate as a future fuel for the shipping industry, can be produced in a sustainable way, is easily stored on board ships, and can provide a near-zero carbon intensity.
Caterpillar recognizes the value of being a member of the GMM to accelerate the understanding of the technical and regulatory challenges of methanol as a marine fuel while demonstrating viability with actual operators in commercial service.
“As the pathways to reducing net greenhouse gases from the maritime industry have become more clear, methanol has shown it can play an important role in that future,” said Derrick York, Caterpillar Marine Managing Director.
Apr 01 2022
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