Danish shipping giant Maersk goes big on green methanol

Image source: A.P. Moller - Maersk.

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
CIMC ENRIC bio-methanol 50,000   200,000 China
European Energy e-methanol   200,000-300,000   North & South America
GTB bio-methanol 50,000   300,000 China
Ørsted e-methanol   300,000   North America
Proman bio & e-methanol   100,000   North America
WasteFuel bio-methanol 30,000     South America
Total   130,000 600,000-700,000 500,000  

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.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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