We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MEOH & Partners Launch U.K.'s First Biomethanol Bunkering Service
Read MoreHide Full Article
Key Takeaways
Methanex, Exolum and Orsted launched the U.K.'s first biomethanol bunkering at Immingham.
MEOH will supply biomethanol, Exolum storage, and Orsted will use the fuel for North Sea vessels.
The move targets maritime emissions, with domestic shipping at 4.7% of U.K. transport CO2.
Methanex Corporation (MEOH - Free Report) , Exolum and Orsted have launched the United Kingdom’s first commercially ready biomethanol storage and supply service at the Port of Immingham, the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials. The initiative marks the companies’ commitment toward decarbonizing the maritime sector. Despite the International Maritime Organization’s (IMO) delay in implementation of its Net Zero Framework, companies are prioritizing action to drive decarbonization.
Under the collaboration, Exolum will provide storage and fuelling infrastructure at its Immingham facility, while Methanex will supply the biomethanol, and Orsted will be the first to use the fuel for its North Sea offshore wind farm maintenance vessels, aligning with the U.K.’s clean energy ambitions.
This sets an example of how existing energy infrastructure can be adapted to support new, sustainable fuels and highlights shared commitments amongst the partners to transition to low-carbon operations.
The launch becomes even more significant as it aims to reduce emissions in maritime operations, in which domestic shipping alone contributes for 4.7% of the U.K.’s transport-related CO2 emissions, exceeding emissions from buses, trains and domestic aviation combined.
MEOH stock has gained 4.7% over the past year compared with the industry’s 13.3% decline.
Image Source: Zacks Investment Research
MEOH’s Zacks Rank & Other Key Picks
MEOH currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Basic Materials space are Coeur Mining, Inc. (CDE - Free Report) , Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
The Zacks Consensus Estimate for CDE’s 2025 earnings is pegged at 91 cents per share, indicating a rise of 405.56% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the remaining two, with an average surprise of 106.61%. CDE’s shares have soared 213.3% over the past year.
The Zacks Consensus Estimate for ALB’s 2025 loss is pinned at 70 cents per share, indicating a 70.09% year-over-year increase. Its shares have surged 119.8% over the past year.
The Zacks Consensus Estimate for ASM’s 2025 earnings is pinned at 17 cents per share, indicating a 13.33% year-over-year increase. ASM’s shares have skyrocketed 624.5% over the past year.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
MEOH & Partners Launch U.K.'s First Biomethanol Bunkering Service
Key Takeaways
Methanex Corporation (MEOH - Free Report) , Exolum and Orsted have launched the United Kingdom’s first commercially ready biomethanol storage and supply service at the Port of Immingham, the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials. The initiative marks the companies’ commitment toward decarbonizing the maritime sector. Despite the International Maritime Organization’s (IMO) delay in implementation of its Net Zero Framework, companies are prioritizing action to drive decarbonization.
Under the collaboration, Exolum will provide storage and fuelling infrastructure at its Immingham facility, while Methanex will supply the biomethanol, and Orsted will be the first to use the fuel for its North Sea offshore wind farm maintenance vessels, aligning with the U.K.’s clean energy ambitions.
This sets an example of how existing energy infrastructure can be adapted to support new, sustainable fuels and highlights shared commitments amongst the partners to transition to low-carbon operations.
The launch becomes even more significant as it aims to reduce emissions in maritime operations, in which domestic shipping alone contributes for 4.7% of the U.K.’s transport-related CO2 emissions, exceeding emissions from buses, trains and domestic aviation combined.
MEOH stock has gained 4.7% over the past year compared with the industry’s 13.3% decline.
Image Source: Zacks Investment Research
MEOH’s Zacks Rank & Other Key Picks
MEOH currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Basic Materials space are Coeur Mining, Inc. (CDE - Free Report) , Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While CDE and ALB sport a Zacks Rank #1 (Strong Buy) each at present, ASM carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CDE’s 2025 earnings is pegged at 91 cents per share, indicating a rise of 405.56% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the remaining two, with an average surprise of 106.61%. CDE’s shares have soared 213.3% over the past year.
The Zacks Consensus Estimate for ALB’s 2025 loss is pinned at 70 cents per share, indicating a 70.09% year-over-year increase. Its shares have surged 119.8% over the past year.
The Zacks Consensus Estimate for ASM’s 2025 earnings is pinned at 17 cents per share, indicating a 13.33% year-over-year increase. ASM’s shares have skyrocketed 624.5% over the past year.