{"id":8234,"date":"2026-02-10T16:39:07","date_gmt":"2026-02-10T16:39:07","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/8234\/"},"modified":"2026-02-10T16:39:07","modified_gmt":"2026-02-10T16:39:07","slug":"methanex-backs-u-k-s-first-biomethanol-bunkering-hub","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/8234\/","title":{"rendered":"Methanex backs U.K.\u2019s first biomethanol bunkering hub"},"content":{"rendered":"


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Methanex (Nasdaq: MEOH), Exolum and \u00d8rsted launched the U.K.\u2019s first commercial biomethanol bunkering service at the Port of Immingham on Feb 10, 2026. Exolum will provide storage and fuelling infrastructure, Methanex will supply ISCC-certified biomethanol, and \u00d8rsted will be the first customer for offshore wind maintenance vessels.<\/p>\n

The ISCC-certified biomethanol is produced at Methanex\u2019s U.S. Gulf Coast facilities from waste feedstocks and can cut greenhouse gas emissions by up to 80% versus conventional marine fuels.<\/p>\n


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Positive
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\n Biomethanol offers up to 80% greenhouse gas reduction versus conventional marine fuels
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\n Launch at Port of Immingham establishes first commercially ready biomethanol bunkering service in the U.K.
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\n \u00d8rsted to begin immediate use for North Sea offshore wind maintenance vessels
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Negative
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\n International Maritime Organization deferred its vote on the Net Zero Framework, delaying binding global shipping policy
\n <\/p>\n


\n Domestic shipping emissions share
\n 4.7%
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\n Share of U.K. transport-related CO\u2082 emissions from domestic shipping
\n \n <\/p>\n


\n 2030 emissions target
\n 30% reduction
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\n U.K. Department for Transport target for shipping emissions by 2030
\n \n <\/p>\n


\n 2040 emissions target
\n 80% reduction
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\n U.K. Department for Transport target for shipping emissions by 2040
\n \n <\/p>\n


\n 2050 emissions goal
\n Zero emissions
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\n U.K. long-term goal for shipping emissions by 2050
\n \n <\/p>\n


\n Biomethanol GHG reduction
\n Up to 80%
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\n Greenhouse gas reduction vs conventional marine fuels for supplied biomethanol
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\n $47.70
\n Last Close \n <\/p>\n


\n Volume
\n Volume 272,356 vs 20-day average 654,648 (relative volume 0.42) indicates subdued trading interest.
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\n low
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\n Technical
\n Price $47.70 is trading above the 200-day MA at $37.07, indicating a pre-existing uptrend. \n <\/p>\n

MEOH gained 1.0% with low volume while chemicals peers were mixed: OLN +0.16%, CE +0.77%, BAK +0.96%, TROX in momentum scanner at +5.35%, and HUN -2.03%. Moves do not indicate a broad sector rotation.<\/p>\n


\n
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\n Date
\n Event
\n Sentiment
\n Move
\n Catalyst
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\n Jan 29
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\n Dividend declaration<\/a>
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\n Positive
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\n +2.5%
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\n Quarterly cash dividend of US$0.185 per share announced for March 2026.
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\n Nov 25
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\n Board appointment<\/a>
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\n Positive
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\n -0.9%
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\n Experienced former TC Energy CFO added to Methanex board of directors.
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\n Nov 18
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\n Dividend declaration<\/a>
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\n Positive
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\n -1.0%
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\n Regular quarterly dividend of US$0.185 per share reaffirmed for year-end.
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\n Oct 29
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\n Earnings update<\/a>
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\n Negative
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\n -1.5%
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\n Q3 2025 results with net loss and lower realized prices despite higher volumes.
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\n Oct 21
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\n Investor Day announcement<\/a>
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\n Positive
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\n +2.7%
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\n Scheduled Investor Day with business update and live Q&A in Toronto.
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Pattern Detected<\/p>\n

News-driven moves have generally been modest, with both positive and neutral announcements sometimes followed by small declines, suggesting limited but measurable sensitivity to corporate updates.<\/p>\n

Recent Company History<\/p>\n

Over the past several months, Methanex has focused on shareholder returns, governance, and operational performance. Dividend notices on Nov 18, 2025 and Jan 29, 2026 maintained a US$0.185 per share payout, with mixed price reactions. A board appointment on Nov 25, 2025 and an Investor Day announcement on Oct 21, 2025 highlighted strategic and capital markets engagement. Q3 2025 results on Oct 29, 2025 showed higher volumes but a net loss. Today\u2019s biomethanol bunkering news extends the low\u2011carbon shipping narrative reflected in prior bunkering-related disclosures.<\/p>\n


\n This announcement highlights Methanex\u2019s role in enabling low\u2011carbon shipping through biomethanol supply at the Port of Immingham, alongside Exolum and \u00d8rsted. It complements earlier disclosures about bunkering partnerships and underlines regulatory tailwinds, such as U.K. targets of a 30% and 80% emissions reduction by 2030 and 2040. Investors may monitor how quickly biomethanol demand scales, the impact on utilization of existing assets, and how these initiatives relate to future earnings releases and capital allocation. \n <\/p>\n


\n
\n biomethanol
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\n technical
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“first commercially ready biomethanol storage and supply service for shipping”<\/p>\n

Biomethanol is methanol made from renewable biological sources or captured carbon instead of oil or natural gas; think of it as a type of alcohol for engines and chemical factories produced from plants, waste or recycled CO2. Investors watch it because it can substitute for fossil-based methanol in fuels and industrial processes, potentially benefiting from emissions rules and subsidies and offering growth opportunities, though success depends on technology costs, feedstock supply and policy support.<\/p>\n

<\/p>\n


\n
\n greenhouse gas emissions
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\n technical
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“Compared to conventional marine fuels, it delivers up to an 80 percent reduction in greenhouse gas emissions.”<\/p>\n

Greenhouse gas emissions are the gases a company releases into the air\u2014like carbon dioxide or methane\u2014that trap heat in the atmosphere and contribute to global warming. For investors, these emissions matter because they can lead to higher regulatory costs, fines, shifting consumer preferences, and physical risks (like supply-chain disruptions), or create opportunities in low-carbon products; think of emissions as a company\u2019s climate footprint that can affect future profits and value.<\/p>\n

<\/p>\n

AI-generated analysis. Not financial advice.<\/p>\n


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\n 02\/10\/2026 – 11:00 AM
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Project supports the green transition of one of the most challenging sectors to decarbonize<\/p>\n

LONDON and FREDERICIA, Denmark and VANCOUVER, British Columbia, Feb. 10, 2026 (GLOBE NEWSWIRE) — Exolum, Methanex Corporation (TSX: MX) (Nasdaq: MEOH<\/a>) and \u00d8rsted, today announced the launch of the United Kingdom\u2019s (U.K.) first commercially ready biomethanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.\u2019s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low\u2011carbon fuel supply.<\/p>\n

The initiative underscores the partners\u2019 commitment to advancing decarbonization in maritime transport – even as the International Maritime Organization (IMO) recently deferred its vote on implementation of its Net Zero Framework, a policy regarded as critical to reducing emissions in shipping. Despite this delay, the companies are prioritizing action to drive progress in one of the world\u2019s hardest-to-abate sectors.<\/p>\n

The initiative will provide marine bunkering services for biomethanol, one of the leading green fuels for decarbonizing shipping. Exolum will provide the storage and fuelling infrastructure at its Immingham facility, leveraging its extensive experience and strategic assets. Methanex will supply the biomethanol for the project. \u00d8rsted will be the first to utilize this service for its North Sea offshore wind farm maintenance vessels supporting the U.K.\u2019s clean energy ambitions.<\/p>\n

This collaboration demonstrates how existing energy infrastructure can be adapted to support new, sustainable fuels and highlights the partners\u2019 shared commitment to accelerating the maritime sector\u2019s transition to low-carbon operations.<\/p>\n

In the U.K., domestic shipping accounts for 4.7 percent of transport-related CO\u2082 emissions – more than the country\u2019s buses, trains, and domestic aviation combined. This project marks a significant first step toward addressing that challenge and the wider challenge of decarbonizing international shipping emissions.<\/p>\n

Quotes<\/p>\n

Stephen Land, North-West Europe Chief Executive, Exolum<\/p>\n

“This is a groundbreaking project for Exolum as it exemplifies how our energy logistics can help deliver our customers\u2019 green transition. It demonstrates how the strategic location of our infrastructure and our extensive experience in the transport and storage of various products can help transform one of the most difficult sectors of today’s economy to decarbonize.”<\/p>\n

Mika B\u00e4rlund, Lead Category Manager at \u00d8rsted<\/p>\n

\u201c\u00d8rsted is pleased to be the first to fuel its service-operation vessels with biomethanol as part of this partnership. This project aligns with our commitment not only to create opportunities for local suppliers but also to help develop leading-edge technologies, in particular technologies which help us in our goal to deliver more sustainable operations and assist with the broader decarbonization of the maritime sector. Finally, it is a step towards our vision of creating a world that runs entirely on green energy.\u201d<\/p>\n

Stuart McCall, Vice President, Low Carbon Global Market Development, Methanex <\/p>\n

\u201cMethanex is proud to supply the biomethanol for this milestone initiative. As the world\u2019s largest producer and supplier of methanol, we are committed to developing and supporting innovative solutions that accelerate the transition to low-carbon shipping.\u201d<\/p>\n

Steven Clapperton, Head of Marine (Humber), Associated British Ports, owner of Port of Immingham<\/p>\n

\u201cThis initiative marks a significant milestone for the Port of Immingham and the wider maritime sector. By enabling biomethanol bunkering, we are taking practical steps toward decarbonizing one of the hardest-to-abate industries. Associated British Ports is proud to support partners like Exolum, \u00d8rsted, and Methanex in driving innovation that aligns with the U.K.\u2019s clean energy ambitions and positions our ports at the forefront of sustainable shipping.\u201d<\/p>\n

Notes to editors<\/p>\n

The United Kingdom’s commitment to decarbonizing the transport sector is one of the most advanced in the world. Its Department for Transport has published a roadmap to reduce shipping emissions by 30% by 2030 and 80% by 2040, with the aim of achieving zero emissions by 2050, a strategy for which Exolum is already working on several hydrogen, SAF and biofuel projects, to which biomethanol is now being added.The ISCC-certified biomethanol supplied to \u00d8rsted is produced at Methanex\u2019s U.S. facilities on the Gulf Coast using feedstocks derived from waste and residues, such as organic municipal solid waste. Compared to conventional marine fuels, it delivers up to an 80 percent reduction in greenhouse gas emissions. <\/p>\n

About Exolum<\/p>\n

Exolum is Europe\u2019s leading energy logistics firm, operating in 10 markets around the world. The company owns and operates a U.K. network of 10 fuel, biofuel and chemical storage terminals at major ports around the country, and a 2,000km pipeline network that delivers aviation fuel for more than 40 percent of flights leaving the United Kingdom.<\/p>\n

About Methanex Corporation<\/p>\n

Methanex is a Vancouver-based, publicly traded company and is the world\u2019s largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol \u201cMX\u201d and on the Nasdaq Stock Market in the United States under the trading symbol \u201cMEOH\u201d. Methanex can be visited online at www.methanex.com.<\/p>\n

About \u00d8rsted<\/p>\n

The \u00d8rsted vision is a world that runs entirely on green energy. \u00d8rsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. \u00d8rsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, \u00d8rsted employs approx. 8,300 people. \u00d8rsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2024, the group’s revenue was DKK 71.0 billion (EUR 9.5 billion). Visit orsted.com or follow us.<\/p>\n

Inquiries<\/p>\n

Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com<\/a><\/p>\n

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\n FAQ \n <\/p>\n


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What did Methanex (MEOH) announce about biomethanol bunkering at Port of Immingham on Feb 10, 2026?<\/p>\n


\n Methanex announced a commercial biomethanol bunkering service at Port of Immingham with partners Exolum and \u00d8rsted. According to the company, Methanex will supply ISCC-certified biomethanol produced at its U.S. Gulf Coast facilities from waste-derived feedstocks for maritime bunkering. \n <\/p>\n


\n <\/p>\n

How much can biomethanol supplied by Methanex (MEOH) reduce greenhouse gas emissions for ships?<\/p>\n


\n Biomethanol can deliver up to a 80% reduction in greenhouse gas emissions versus conventional marine fuels. According to the company, the ISCC-certified product is produced from waste and residues, offering a substantial emissions improvement for marine operations. \n <\/p>\n


\n <\/p>\n

Who will use the new biomethanol bunkering service at Immingham and why does it matter for \u00d8rsted?<\/p>\n


\n \u00d8rsted will be the first customer, using biomethanol for North Sea offshore wind maintenance vessels. According to the company, this supports \u00d8rsted\u2019s goal of greener operations and demonstrates using existing port infrastructure to fuel low-carbon maritime activity. \n <\/p>\n


\n <\/p>\n

What role does Exolum play in the Immingham biomethanol project announced Feb 10, 2026?<\/p>\n


\n Exolum will provide storage and fuelling infrastructure at its Immingham facility to enable biomethanol bunkering. According to the company, Exolum leverages its energy logistics experience and strategic assets to adapt existing terminals for sustainable marine fuels. \n <\/p>\n


\n <\/p>\n

Does the announcement address regulatory progress on maritime decarbonization affecting Methanex (MEOH)?<\/p>\n


\n The partners noted a policy delay: the IMO deferred its vote on the Net Zero Framework, slowing global regulatory timelines. According to the company, despite the deferral the initiative advances practical fuel availability to help decarbonize shipping. \n <\/p>\n


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