COP27: Maersk to explore green methanol production in Jordan
Danish Shipping company A.P. Moller – Maersk has signed an agreement with the Jordanian government to explore production of green methanol in Jordan's Aqaba region.
PHOTO: Jordanian and Maersk authorities at the deal signing. Ministry of Energy and Mineral Resources of Jordan
The deal, signed during a COP27 meeting yesterday, entails exploration, investment, and development of a project to produce green methanol in the Aqaba region.
Jordan's central location in the Middle East and Africa and abundance renewable energy sources will be crucial to the project, Maersk’s director of emission reduction Morten Christiansen said.
The project will also support the country's aim to become "a regional center for green energy production," Jordan's Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh said.
Maersk has been actively working towards its goal of reducing carbon dioxide emissions by switching to alternative clean fuels like green methanol.
It currently has 19 vessels capable of running on green methanol that will come into operation between 2023-2025. Approximately 750,000 mt of green methanol will be required to run these vessels. Maersk has secured seven strategic partnerships so far this year to secure initial volumes needed for these vessels.
This month, Maersk collaborated with the Spanish government to produce up to 2 million mt/year of green methanol in the country to supply its fleet.
By Tuhin Roy
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