This feasibility study explores the viability of establishing a green shipping corridor for dry bulk trade between the US Gulf Coast and Japan, focusing on technical, economic, and operational components. The initiative, driven by both public and private sector interest, aims to decarbonize shipping by utilizing zero or near-zero emission fuels. The study aligns with the goals of the US and Japanese governments and private stakeholders to reduce emissions, promote alternative fuel production, and build infrastructure for low-carbon fuels.

This analysis was supported by the Green Hydrogen Catapult and led by RMI in collaboration with the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Cargill, and Hy Stor Energy. The study examines the feasibility of adopting green methanol as a fuel in dual-fuel bulk carriers by 2030, identifying key cost drivers and opportunities for reducing cost premiums and evaluating the influence of potential policies and regulatory frameworks on the deployment of zero-emission technology.