![](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/05\/6a180e9c7e90856bdf407a93_6a9ef676-40f0-41b0-a043-4bf5c6d3c748-1200w.jpeg\")
IMAGE: Container ship docked in the Port of Long Beach. Getty Images<\/p>\nThe first oceangoing vessel to bunker methanol on a \u201ccommercial scale\u201d at the Port of Long Beach will receive a $1 million incentive award, the port authority said.<\/p>\n
IMAGE: Container ship docked in the Port of Long Beach. Getty Images<\/p>\n
According to the port’s estimates, bunkering a vessel with methanol currently costs about $1.5 million per call, compared with roughly $1 million for conventional marine fuels.<\/p>\n
The incentive is designed to cover that estimated $500,000 price gap, and set aside an additional $500,000 for ancillary costs including \u201coperational and safety procedures and working with fuel providers and distributors, as well as local permitting agencies,\u201d it added. <\/p>\n
The port authority has not yet clarified whether the incentive will apply only to a vessel bunkering green methanol, or whether grey or blue methanol will also qualify. <\/p>\n
But the authority said the initiative is \u201cexpected to send a strong signal to the global market of the interest in expanding the availability of clean marine fuels\u201d, suggesting the challenge could potentially include a cap on the greenhouse gas intensity of eligible fuels.<\/p>\n
\u201cThis is the most direct and practical lever we can pull to demonstrate the feasibility of bunkering methanol fuel in San Pedro Bay,\u201d said Frank Colonna, president of the Long Beach Harbor Commission. <\/p>\n
\u201cThis is about demonstrating that we\u2019re serious about creating a North American market for methanol bunkering, and giving the industry an incentive to invest,\u201d said Noel Hacegaba, Port of Long Beach chief executive, adding that rising fuel costs are \u201cstrengthening the case for energy diversification and greater energy independence.\u201d<\/p>\n
By Konica Bhatt<\/p>\n
Please get in touch with comments or additional info to news@engine.online <\/p>\n","protected":false},"excerpt":{"rendered":"The first oceangoing vessel to bunker methanol on a \u201ccommercial scale\u201d at the Port of Long Beach will…\n","protected":false},"author":2,"featured_media":335751,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[131,133,132],"class_list":["post-335750","post","type-post","status-publish","format-standard","has-post-thumbnail","category-long-beach","tag-long-beach","tag-long-beach-headlines","tag-long-beach-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/335750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=335750"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/335750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/335751"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=335750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=335750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=335750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}