To boost the global production capacity of green methanol, Maersk entered strategic partnerships with six companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025.
The six companies are:
- CIMC ENRIC
- European Energy
- Green Technology Bank
- Orsted
- Proman
- 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.
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
said Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk.
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.
In December 2018, Maersk launched a pledge to be carbon neutral by 2050. Now, the company announced a new commitment to “act now and drive material impact in this decade, and a commitment to deliver net zero supply chains to customers by 2040.”
The targets go beyond previous efforts to reduce emissions related to the ocean fleet as they cover all direct and indirect emissions across the entire Maersk business.