The offtake agreement between A.P. Moller – Maersk and Chinese developer Goldwind, reaches into the next decade and marks the first large scale green methanol offtake agreement for the global shipping industry.
.P. Moller – Maersk aims to reach net-zero greenhouse gas emissions by 2040 across its business. The deal significantly de-risks the initial stages of Maersk’s net-zero journey and supports expectations for a competitive green methanol market towards 2030. The record-high volumes can annually propel more than half the methanol-enabled capacity Maersk currently has on order.
This deal is a milestone for Maersk as it enables us to significantly reduce our emissions footprint in this decade and stay aligned with the 1.5-degree Celsius trajectory as set out in the Paris Agreement, ensuring continued supply of low carbon shipping services to our customers in the second half of this decade.
According to Wu Gang, Chairman, Goldwind, with this project, Goldwind will continue to explore the innovative application of new technologies, pursue the organic combination of green electricity and green fuel production, and optimize the production process of green methanol.
The deal is a testament to the momentum and vast efforts we see among ambitious developers driving projects forward across geographies, however, we still have a long way to go in ensuring a global green fuels market that can enable the decarbonisation of global shipping.