Chartwell Marine Secures £320k Innovate UK Smart Grant To Develop Market-First Methanol-Fuelled Vessel Design

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Chartwell Marine, the cross-industry pioneer of next-generation vessel design, today announces its win of a £320k Innovate UK Smart Grant. The grant will enable Chartwell and consortium partners — Boat Electric & Electronics and Engineered Marine Systems — to develop and test the feasibility of a market-first methanol-fuelled vessel design, with applications in the offshore wind, commercial workboat and leisure sectors.

Methanol fuel presents a significant opportunity to decarbonise in a maritime industry which is confronted with the debate over sustainable fuel alternatives, as it can be produced from biomass and can carry a near-zero carbon footprint. Whereas ammonia has sparked concerns about its toxicity to wildlife and pure hydrogen presents continued feasibility challenges, methanol can be stored safely and effectively in standard atmospheric conditions, and spills have little adverse effect on the local aquatic environment.

Source: 
https://www.marineinsight.com/
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