Mitsubishi Turbocharger and Engine Europe B.V. (MTEE) and the STORM-Group have signed a letter of intent for cooperation to develop a Dual Fuel Methanol/Diesel Retrofit Kit for inland shipping. Koedood Marine Group, part of the STORM-Group, will market this new technology by utilizing its network within the marine industry.

Like all industries, commercial marine contributes to greenhouse gas emissions and accounts for about 3% of global CO₂ emissions. The combustion engine itself is not the problem but foremost the usage of fossil fuels and we need to change this way of operation. Methanol promises highly reduced emissions due to the fact that once it is burned in an engine it only releases the CO₂ it captures in its production and releases no sulfuric oxide (SO_x) and much lower levels of soot and nitrogen oxide (NO_x). Thus methanol is a fuel which promises reduced emissions when used in a combustion engine.

—Timo Schlotzhauer, General Manager Marine Power Systems of STORM

Inland waterway transport plays the most crucial role in transporting goods in Europe. Decarbonizing this sector is vital to reducing global emissions; MTEE is investing in developing new technologies, such as hydrogen and methanol, to address this challenge.