Maersk expects to reach its goal of becoming carbon neutral ahead of 2050, as the green transition in shipping is turning out to be easier than expected.
ore specifically, according to Maerk’s CEO, Soren Skou:
We initially thought the challenge would be to develop a new way to run ships. But now we think we can keep the concept of the combustion engine we already know and then use methanol, or perhaps ammonia, with relatively few modifications
Earlier this year, Maersk ordered eight new ships that can run on methanol, for $1.4 billion, with the company expecting to be able to retrofit existing ships with the new technology.
That means we don’t need to replace all our 730 ships. It will make it easier
Mr. Skou added.
Maersk has also become a member of the First Movers Coalition. This is a new platform for companies to make purchasing commitments that create new market demand for low and zero carbon fuels and technologies, in eight sectors with heavy emissions.
Among the eight “harder-to-abate” sectors addressed by the First Movers Coalition, an ambitious commitment was established for use of scalable zero-emission fuels in maritime shipping.