- Press Releases
March 10 (Renewables Now) - Danish shipping company AP Moller-Maersk A/S (CPH:MAERSK-A; CPH:MAERSK-B) today announced strategic partnerships with six companies in a number of markets, including Ørsted A/S (CPH:ORSTED), to source at least 730,000 tonnes of green methanol annually by end-2025.
The integrated container logistics company said in a statement it has entered into agreements with energy major Ørsted and renewables developer European Energy A/S of Denmark, California-based start-up WasteFuel, Swiss integrated energy firm Proman, as well as with China’s CIMC ENRIC and Green Technology Bank (GTB).
“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,” said Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands at A.P. Moller - Maersk.
The following table gives more details about the production capacity estimates under each partnership.
|Strategic partner||Type of fuel||Production Capacity in 2024 (end of year) - tonnes/year||Production Capacity in 2025 (end of year) - tonnes/year||Production capacity added after 2025 - tonnes/year||Geography|
|European Energy||e-methanol||200,000-300,000||North & South America|
|Proman||bio & e-methanol||100,000||North America|
Maersk noted that with this newly-contracted production capacity, it will be able to exceed the green methanol needed for the first 12 green container vessels currently on order.
Read more about the partnership with Ørsted here.