Biofuel opportunities could abound with Maersk’s net zero CO2 target

In Denmark, Maersk aims at having carbon neutral vessels commercially viable by 2030, net zero CO2 emissions by 2050, and calls for strong industry involvement.

Maersk said in their press release, “an acceleration in new innovations and adaption of new technology is required. Climate is one of the most important issues in the world, and carrying around 80% of global trade, the shipping industry is vital to finding solutions. By now, Maersk´s relative CO2 emissions have been reduced by 46% (baseline 2007), approx. 9% more than the industry average.”

“The only possible way to achieve the so-much-needed decarbonisation in our industry is by fully transforming to new carbon neutral fuels and supply chains,” says Søren Toft, Chief Operating Officer at A.P. Moller – Maersk.

“The next 5-10 years are going to be crucial. We will invest significant resources for innovation and fleet technology to improve the technical and financial viability of decarbonised solutions. Over the last four years, we have invested around USD 1bn and engaged 50+ engineers each year in developing and deploying energy efficient solutions. Going forward we cannot do this alone” adds Søren Toft.