Companies join forces for South Korea’s first biomethanol plant
On 22 August, Biofriends Inc. and Cheongmyeong Co., Ltd., signed a Memorandum of Understanding (MoU) to build Korea’s first commercial-scale biogas-based methanol production plant, which will supply fuel for the domestic fleet.
As announced, this agreement is significant as it marks the starting point for the full-scale commercialization of eco-friendly fuel production using domestically produced biogas.
The produced biomethanol will initially be supplied as an eco-friendly fuel for domestic methanol-powered vessels, expected to enhance the competitiveness of the domestic shipbuilding and shipping industries in line with the global trend toward carbon neutrality in the shipping market, while also contributin
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