CarbonBridge, a leading innovator in sustainable fuels and graduate of Santa Cruz Accelerates 5th cohort, is thrilled to announce that it has been named the winner of the 2024 Wallenius Wilhelmsen Orcelle® Award at the 2024 Ocean Exchange Awards event on November 4, 2024. The award recognizes outstanding contributions to the maritime industry and sustainable shipping.

Manu Pillai, Co-Founder and CEO of CarbonBridge, accepted the award on behalf of the company and will receive $100,000 prize. CarbonBridge's groundbreaking technology produces ultra-low carbon methanol, a highly efficient and environmentally friendly fuel solution. This innovative fuel enables significant reductions in greenhouse gas emissions, paving the way for a more sustainable future for the maritime industry.

CarbonBridge's methanol fuel can be seamlessly blended with traditional marine fuels, allowing for a gradual and cost-effective transition to a low-carbon future. By blending CarbonBridge's methanol, shipping companies can significantly reduce their carbon footprint without compromising operational efficiency.

The Wallenius Wilhelmsen Orcelle® Award is a prestigious honor that recognizes exceptional achievements in the maritime industry. CarbonBridge's win underscores the company's position as a leading force in driving sustainable shipping solutions.