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Corporation
proman.org

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Investments

1

Partners & Customers

3

About Proman

Proman is one of the world’s largest methanol producers and a leading fertilizer producer globally.

Proman Headquarter Location

Dreifaltigkeitsstrasse 19a

Dusseldorf, 40625,

Germany

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Latest Proman News

Proman, Stena Bulk methanol-fuelled ship nears delivery

Nov 4, 2021

11/04/2021 | 11:25am EDT Message : *Required fields Shipowner Stena Bulk and methanol producer Proman's first methanol-fuelled tanker will be delivered in the first quarter of 2022. The 49,900dwt tanker Stena Pro Patria is being built at Guangzhou Shipyard International (GSI), the first Chinese shipyard to build a dual-fuelled methanol ship. It has now been launched into the water where the remainder of construction will take place. Delivery will happen after sea trials. Stena Bulk and Proman have together invested in five methanol-fuelled medium-range (MR) tankers, all of which will be built by GSI and delivered by the end of 2023. Stena Bulk and Proman then ordered a further two methanol-fuelled ships, [Provident and Progressive] ( https://direct.argusmedia.com/newsandanalysis/article/2229721), in June this year. Proman is also the sole owner of another duel-fuelled methanol vessel, Promise, which is due to be delivered in the third quarter of 2022. Each of Proman and Stena Bulk's vessels will use around 12,500 t/yr of methanol as fuel which they intend to source primarily from Proman's own methanol production. Bio or synthetic methanol is a long-term carbon-neutral marine fuel, but has to be produced by electrolysis using renewable energy. Grey methanol is commercially produced using natural gas, and it is this version that Stena Bulk and Proman intend to start using. Grey methanol emits around 10pc fewer greenhouse gases (GHGs) than 0.5pc sulphur fuel oil when burnt in a ship engine, but offers near total reduction of sulphur and particulate matter emissions. It also reduces nitrogen oxide emissions by 60pc. The cost and availability of green methanol, which would reduce GHG emissions by around 80pc, remains a significant challenge. Maersk will require around 350,000 t/yr of green methanol for its nine vessels, compared with an estimated 2021 global supply of just 30,000t. Argus assessed bunker methanol at the port of Rotterdam in the week ended 1 November at $1,027/t on a 0.5pc sulphur fuel oil-equivalent basis, almost double the price of 0.5pc fuel oil in Amsterdam-Rotterdam-Antwerp (ARA). By Nana Kutin

Proman Investments

1 Investments

Proman has made 1 investments. Their latest investment was in Malta as part of their Series B on February 2, 2021.

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Proman Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/24/2021

Series B

Malta

$50M

Yes

5

Date

2/24/2021

Round

Series B

Company

Malta

Amount

$50M

New?

Yes

Co-Investors

Sources

5

Proman Acquisitions

1 Acquisition

Proman acquired 1 company. Their latest acquisition was Proman USA on December 31, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/31/2012

Seed

Acquired

1

Date

12/31/2012

Investment Stage

Seed

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

Proman Partners & Customers

3 Partners and customers

Proman has 3 strategic partners and customers. Proman recently partnered with National Gas Company of Trinidad and Tobago on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/4/2021

Vendor

National Gas Company of Trinidad and Tobago

Trinidad And Tobago

NGC, MHTL open an exciting new dimension of commercial partnership - Proman

NGC , MHTL open an exciting new dimension of commercial partnership .

1

12/8/2020

Partner

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10

10/3/2019

Partner

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10

Date

8/4/2021

12/8/2020

10/3/2019

Type

Vendor

Partner

Partner

Business Partner

National Gas Company of Trinidad and Tobago

Country

Trinidad And Tobago

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News Snippet

NGC, MHTL open an exciting new dimension of commercial partnership - Proman

NGC , MHTL open an exciting new dimension of commercial partnership .

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Sources

1

10

10

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