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North Sea Trading has appointed Robert Preston as Head of Renewable Fuels and signed a memorandum of understanding (MoU) with Mumbai-based CIST Technology Solutions Pvt Ltd concerning the proposed production and sale of green methanol in India.
In a LinkedIn post, North Sea Trading explained that the planned production facility would be located in Mumbai and have total capacity of 700,000 tonnes per year, with output from the proposed project intended to meet relevant European Union and International Maritime Organization requirements.
Preston told Bunker Index that North Sea Trading has become CIST Technology Solutions’ exclusive sales agent. The industry veteran brings extensive experience to the role, having worked in the marine fuels industry since 1987. His previous positions include Managing Director of OW Bunkers UK Limited and OW Bunkers India Pvt Ltd, as well as Head of Global Trading at Prima Marine
CIST Technology Solutions is headquartered in Mumbai. The company has previously stated that it is partnering with KP Group on NTPC’s planned waste-to-hydrogen project at NTPC NETRA’s Greater Noida campus, where it says it will lead technology implementation. Reports at the time identified KPI Green Energy as the recipient of NTPC’s implementation awards for the project, while NTPC has described the proposed facility as a demonstration plant
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