Wärtsilä hits methanol milestone with first newbuild engine order
Wärtsilä Corporation, Press Release, 24 January 2022 at 11:00 AM EET
The technology group Wärtsilä has received its first order for newbuild methanol-fuelled engines. A new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai CIMC Raffles shipyard in China will be powered by five Wärtsilä 32 engines capable of operating with methanol.
The order, which includes the methanol fuel supply system, was placed in December 2021, and it will be booked in the order book in Q1 2022. The delivery of the equipment is scheduled for early 2023.
The methanol engine order extends Wärtsilä’s leading position in support of the maritime industry’s decarbonisation ambitions, and in the use of the fuel. Wärtsilä has over half a decade’s experience with methanol, having converted the first of four engines on Stena Germanica to use the fuel in 2015.
“We see methanol as one of the alternatives to meet the industry’s goals to reduce its environmental impact,” said Harold Linssen, Project Director, Van Oord. “We are pleased to be the pioneer of Wärtsilä’s latest methanol-fuelled engine technology.”
‘Green’ methanol is among the potential and most promising future fuel candidates. It is made using hydrogen from renewable-sourced electricity and recaptured carbon. The benefits of methanol are that it is relatively inexpensive to produce, is widely available, and easy to store. Furthermore, the global supply infrastructure is already established.
In line with its strategy to meet future development needs through collaboration with key stakeholders, Wärtsilä recently signed a long-term strategic cooperation agreement with Chinese shipyard Yantai CIMC Raffles. The cooperation is aimed at the design and development of future-proof solutions for newbuild vessels. This will include the use of future carbon-free fuels and other integrated technology solutions.
Following the agreement, Yantai CIMC Raffles awarded Wärtsilä the honorary title of "Excellent Partner" in recognition of its long-term support and cooperation.
“Leveraging the combined strengths of Yantai CIMC Raffles and Wärtsilä will ensure that we can deliver the best solutions to support our customers on their path to lower emissions,” said Li Minggao, Vice President, CIMC Raffles.
“Enabling the use of methanol fuel is an important step along the path towards decarbonised operations. These cooperations will speed the work in bringing these fuels to the market, and in building ships that meet and exceed the regulatory and operational requirements for the coming decades,” said Roger Holm, President, Wärtsilä Marine Power.
During the coming few years, Wärtsilä will commercialise engine technologies that allow the use of all alternative fuels currently under discussion. Given the modularity of modern engines, this means that owners can already today future-proof their existing assets and plan for the use of new fuels as and when they become available.
Wärtsilä will also supply a package of leading-edge thrusters to the Van Oord vessel for efficient station keeping. This marks the seventh order for Wärtsilä thrusters for WTIVs in 2021 and highlights the company’s leading position in the offshore wind segment.
Media contact for more information on this release:
Image caption: A vessel being built for Van Oord at Yantai CIMC Raffles shipyard will be powered by five Wärtsilä 32 engines.
© Van Oord
All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.
Wärtsilä Marine Power in brief:
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our broad portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems delivers the efficiency, reliability, safety, and environmental performance needed to support our customers. Our offering includes performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise.
www.wartsila.com/marine
Wärtsilä in brief:
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in 200 locations in more than 70 countries shape the decarbonisation transformation of our industries across the globe. In 2020 Wärtsilä’s net sales totalled EUR 4.6 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
Release modified on 24 January by adding the booking time of the order.
