Maersk invests in California-based green methanol startup

In Denmark, three weeks after the announcement of an e-methanol sourcing agreement in Europe, A.P. Moller – Maersk invests in California-based WasteFuel, a start-up focused on turning waste into sustainable aviation fuel, green bio-methanol, and renewable natural gas. This investment is made through Maersk Growth, the corporate venture arm of A.P. Moller – Maersk. 

Maersk’s investment will enable WasteFuel to develop biorefineries that utilise the most effective technologies available to produce sustainable fuels from unrecoverable waste that would otherwise degrade, and release methane and other harmful emissions into the atmosphere.

Maersk is confident that green bio-methanol is one of the promising fuels of the future as it can be scaled up and play an important role in decarbonizing supply chains within the next 10-15 years. For each feedstock and project, we evaluate its sustainability as well as the emission reductions, using lifecycle analysis including all greenhouse gases.