European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030.
According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation , which came into force in 2025, under which shipping companies face escalating penalties if they do not reduce the carbon intensity of their fleet.
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“This isn’t just about compliance, it’s about competitive positioning,” said Frederik Rye-Florentz , CEO of RFOcean. “We believe compliant fuel will be scarce. By locking in supply now at fixed prices, we can offer our customers certainty and be in the forefront of a development which makes commercial sense today.”
The off-take agreement will see eight new diesel-electric-powered, methanol-ready/fitted chemical tankers that RFOcean has on order have access to compliant fuel at predictable prices.
“This is a landmark transaction,” said Lara Naqushbandi , CEO of ETFuels. “It shows that astute shipping companies are willing to move early and lock in green fuel supply. The deal also sends a clear message to policymakers: stable regulations unlock investment. Any weakening of the EU’s green fuel standards would undermine momentum at exactly the wrong time.”
10 days ago
about 4 months ago
European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation, whi
