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Innovation will be key to the success and economic feasibility of this project, by combining different activities already present within the port platform such as electricity generation, the fuel industry and the chemical industry.
The project is complex and challenging, but will be a "first" for Belgium.
Essential for the port Methanol is an important raw material with multiple uses in the chemical industry, and also has many applications outside of it.
Methanol can also be used in the future as a sustainable fuel in its own right, with minimum emissions of harmful substances, to power e.g. Indeed Port of Antwerp has the ambition of introducing a first methanol-powered tug in the near future.This is yet more confirmation of the port's power of attraction for big investors. Lines, will team up with SEA-Invest to build a tank storage terminal in the port of Antwerp.Mol Chemical Tankers, a member of the Japanese group Mitsui O. The Sea-Mol joint venture has been set up for this purpose, for which it will invest some 300 to 400 million euros.This is only one part of the concession for which the Port Authority issued a Request for Proposals in 2018.Six candidates were selected as a result, one of them being Sea-Mol.
Close partnerships To achieve this Port of Antwerp is bringing various experts together.