Maersk to source green methanol from WasteFuel

Danish container shipping company A.P. Moller-Maersk will buy 30,000 mt of green methanol annually from California-based green fuel firm WasteFuel. The company intends to start using the fuel across its methanol-powered fleet from 2024.

PHOTO: The vessels will have dual-fuel engines that are VLSFO compatible and ability to complete an Asia-Europe roundtrip on green methanol. Maersk

WasteFuel converts municipal and agricultural waste into low carbon fuels, renewable gas and green methanol. The green methanol will be initially produced from the conversion of municipal waste in South America by 2024.

Using green methanol as a marine fuel can reduce carbon emissions by 95% and cut nitrogen oxide emissions upto 80% compared to conventional fuels. It can also eliminate sulphur oxide and particulate matter emissions, claims WasteFuel.

“Green methanol is the only market-ready sustainable fuel available today for shipping and production must be accelerated through collaboration across the ecosystem and around the world,” says Maersk’s Fleet and Strategic Brands chief Henriette Hallberg Thygesen.

Maersk has placed order of 12 methanol powered ships and plans to deploy them by 2024. The company aims to be net zero by 2040.