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CATERPILLAR JOINS GREEN MARITIME METHANOL CONSORTIUM TO ACHIEVE CARBON REDUCTION IN THE MARINE INDUSTRY
Caterpillar is Dedicated to Helping Customers Meet Their Climate-Related Objectives
March 2022
Houston, Texas – HOUSTON, TX – Caterpillar Marine has joined the Green Maritime Methanol consortium (GMM), to work with other companies in the maritime industry to streamline adoption of methanol as a maritime transport fuel. Green methanol, an important candidate as a future fuel for the shipping industry, can be produced in a sustainable way, is easily stored on board ships, and can provide a near-zero carbon intensity.
Caterpillar recognizes the value of being a member of the GMM to accelerate the understanding of the technical and regulatory challenges of methanol as a marine fuel while demonstrating viability with actual operators in commercial service.
“As the pathways to reducing net greenhouse gases from the maritime industry have become more clear, methanol has shown it can play an important role in that future,” said Derrick York, Caterpillar Marine Managing Director.
About Caterpillar Marine:
Caterpillar Marine, with headquarters in Houston, Texas, offers premier power solutions for a wide range of marine applications. With decades of experience designing engines and aftertreatment solutions, Cat Marine products set the standard for quality, performance, and reliability. Caterpillar is dedicated to being your service provider on the water to provide engine and operational success. With Customer Value Agreements (CVAs), customers can take advantage of an extensive array of service options that can be tailored to their specific needs. Combined with our digital solutions, a CVA can provide valuable insights to engine health and performance. The global sales and service network is ready to support customers in tug & salvage, offshore, inland waterways, fishing, governmental, dredge, ferry, and pleasure craft & yachting wherever they are.
More information is available at: www.cat.com/marine
About Caterpillar:
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels.
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