Maersk's partnership with US project developer Carbon Sink is Maersk's eighth such agreement to secure sufficient quantities of green methanol to accelerate global green methanol production to power a fleet of 19 methanol-compatible container ships currently on order and due for delivery over the next three years. The airline is locking in its net-zero pathway for more renewable energy.
earlier this month, the airline signed a deal with the Spanish government to supply it with up to 2 million tonnes of green fuel a year, a partnership that follows a similar deal with Egypt. It is understood that Maersk will invest 10 billion euros to build a factory in Spain to produce green fuel.
According to the plan, the Spanish plant will start from 2023 for Maersk more than 20 large marine vessels to provide green fuel, to 2040 for all its marine vessels to provide fuel, help Maersk to achieve zero emissions.
Maersk believes that whether it can obtain enough green energy and fuel at a cost-competitive price is still the main challenge facing the decarbonization of the global shipping industry. Maersk alone needs around 6 million tonnes of green methanol per year to meet its 2030 fleet emissions target. By 2040, more green methanol will be needed to achieve net zero emissions.
understand that in October 2022, Markey ordered six 17000 TEUs large ocean-going vessels that can sail on green methanol. The six vessels will be built by Hyundai Heavy Industries (HHI) and will be used to renew Maersk's existing fleet. Methanol is rapidly expanding among shipowners as a major contender in the future fuel race. At present, there are 72 large ships using methanol as fuel in the world, which have been delivered or listed as construction orders.
in the latest order, Maersk ordered a total of 19 vessels equipped with dual-fuel engines, which are capable of using green methanol. Maersk has set a net-zero 2040 target for the entire enterprise and a realistic near-term target for 2030 to ensure significant progress. This includes a 50% reduction in emissions per container transported in the Maersk fleet compared to 2020, as well as the principle of ordering only new-build vessels that can run on green fuel. "
Maersk 2023-2025 put into operation 19 green methanol vessels, will require about 750000 tons of green methanol fuel.
This year Maersk has announced seven strategic partners to secure its green fuel supply, including with three Chinese energy companies in the green fuel sector.
The airline has analyzed that green methanol is the most scalable green fuel in the next decade, and it is great to see more liner companies choose this route.
Forwardernet.com