Integrated container logistics company A.P. Moller – Maersk announced today a series of agreements to source at least 730,000 tones of green methanol per year by the end of 2025.
The agreements follow a series of orders by Maersk of clean-fuel-powered container ship over the past several months, including an order in July for the world’s first carbon-neutral methanol fueled container ship, followed by an order for 8 large methanol-powered ocean-going container vessels. Maersk currently has 12 green container vessels on order, and with today’s announcement, the company said that it will exceed the green methanol needs of the 12 vessels by 2025.
Earlier this year, Maersk unveiled a series of carbon reduction targets, aiming to achieve net zero gas emissions in 2040 across its entire businesses and all scopes, as well as a 50% reduction in emissions per transported container in its ocean fleet, and a 70% reduction in absolute emissions from fully controlled terminals by 2030.
Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk, said:
“To transition towards decarbonization, 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.”
For the green methanol, the company has entered into strategic partnerships with suppliers across North and South America and China, including CIMC ENRIC, the energy division of industrial conglomerate CIMS, renewable energy companies European Energy and Orsted, Chinese government-created Green Technology Bank (GTB), energy company and methanol producer Proman, and sustainable fuel production startup WasteFuel.