Maersk secures ninth deal to source green methanol
Danish shipping company A.P. Moller – Maersk has inked a deal to buy around 390,000 mt/year of green methanol produced from SunGas Renewables’ first production unit in the US.
PHOTO: Model of Maersk's 17,000 TEU methanol-powered container ship. A.P. Moller-Maersk
US-based renewables producer SunGas Renewables, a GTI Energy spin-off, is scheduled to start green methanol production from its first unit in 2026.
The facility will use residues from the forestry and wood products industries to produce green methanol.
SunGas Renewables says it will subsequently develop multiple production facilities across the US, with Maersk purchasing all of their produced volumes.
Maersk’s head of green fuel sourcing Emma Mazhari says that a “rapid scale up of green methanol production capacity using a variety of technology and feedstock pathways” is required to secure green fuels supply globally within this decade.
According to Maersk, this is its ninth agreement to source green methanol to fuel its upcoming fleet of 19 methanol-ready dual-fuel container vessels.
Maersk has previously entered partnerships for green fuel supply with the US-based project developer Carbon Sink, Chinese gas equipment maker CIMC Enric and Green Technology Bank, Danish renewable energy players Orsted and European Energy, Swiss methanol producer Proman, and US-based low-carbon bunker supplier WasteFuel to source 730,000 mt/year of green methanol by 2025.
It has also agreed to source 200,000 mt/year of bio-methanol from Chinese bioenergy enterprise Debo by 2024.
By Tuhin Roy
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