To boost the global production capacity of green methanol, A.P. Moller-Maersk is to enter strategic partnerships with six leading companies with the intent of sourcing at least 730,000 t/yr of the alternative fuel by the end of 2025.
The six companies are CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel. With this production capacity, by the end of 2025 at the latest, Maersk will reach well beyond the green methanol needed for the first 12 green container vessels currently on order.
Henriette Hallberg Thygesen, CEO of Fleet and Strategic Brands, Maersk, said: “To transition towards decarbonisation, we need a significant and timely acceleration in the production of green fuels. Green methanol is the only market-ready and scalable available solution today for shipping. Production must be increased through collaboration across the ecosystem and around the world. That is why these partnerships mark an important milestone to get the transition to green energy underway.”
Once fully developed these projects of both bio- and e-methanol will enable Maersk to source green methanol at scale across several regions around the globe including China and North and South America.
According to Maersk, collaboration and investments in innovative projects are the most important ways to reach a net zero fuel value chain. Maersk will keep on working with a wide-ranging group of leading companies on these and further projects to accelerate the urgent transition to green energy.
Knud Erik Andersen, Co-founder and CEO, European Energy, added: “We are very pleased to strengthen our already strong relationship with Maersk with this multi-year partnership where the annual target is to deliver up to 300.000t of e-methanol. The shipping industry is a vital part in global efforts to curb carbon emissions, and together with Maersk we are now leading this crucial transition towards running ships 100% on renewable energy.”
