A.P. Moller-Maersk Embarks on a Journey to Increase Green Methanol Production by 2025
A Brief Summary
To enhance the production capacity of green methanol globally. A.P. Moller-Maersk engages in strategic partnership with six leading companies aimed at sourcing at least 7,30,000 tonnes per year by 2025.
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The six companies that have entered a partnership with the shipping company include CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel.
By the end of 2025, Maersk will reach well beyond the green methanol needed for the first green container vessels currently on order.
Henriette Hallberg Thygesen, CEO of fleet & Strategic Brands, 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."
The company can source green methanol in several regions around the globe once both bio- and e-methanol projects are fully developed.
The most important way to reach a net-zero fuel value chain is to invest and collaborate in innovative projects. Maersk will continue working with leading companies on these and further projects to accelerate the transition to green energy.