You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence EMEA News Latest Features World Americas EMEA Asia/Pacific Home News & Features EMEA HyFive Secures E-Methanol Offtake Term Sheet with ARA Customer HyFive Secures E-Methanol Offtake Term Sheet with ARA Customer by Ship & Bunker News Team Monday July 27, 2026 Tweet Follow @shipandbunker The new deal brings the contracted volumes to 60% of the planned capacity. Image Credit: HyFive Spanish renewable energy firm HyFive has signed a term sheet to supply 10,000 mt/year of e-methanol to an unnamed customer in the ARA region. The agreement raises contracted volumes from its planned HyMet Musel project to 60,000 mt/year , equivalent to 60% of the project's planned annual production capacity, the firm said in a LinkedIn post on Monday .  The latest deal follows HyFive's earlier term sheet covering up to 50% of HyMet Musel 's planned output and its recent letter of intent with tank storage operator Evos to explore e-methanol storage and handling at the Port of Rotterdam . HyFive said the Evos partnership will help establish the downstream infrastructure needed to supply customers in the ARA region, a key European bunkering hub. HyMet Musel is being developed as a 100,000 mt/year e-methanol production facility at the port of Gijon in Spain. E-methanol can power methanol dual-fuel ships. While container shipping companies were among the first to adopt methanol as a marine fuel, firms including Maersk and CMA CGM are now also exploring ethanol as an alternative fuel for these vessels. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News MARKET SURVEY: Middle East Conflict Drives 4.9% Yearly Gain in Q1 Bunker Demand at Key Ports Global volumes saw