Maersk invests in German green methanol firm

In Germany, tech start-up C1 said it has raised growth capital from Maersk Growth, the venture capital arm of A. P. Møller – Maersk to faster scale their catalysis, which will enable the mass production of green methanol without the usual premium paid for sustainably produced methanol. “We are proud to have partnered with the global pioneer in green shipping in an industry where many fear a first-mover disadvantage. The 19 methanol-enabled container ships they have ordered already are a strong advanced buying signal into the market. We look forward to joining forces with Maersk to make low climate impact shipping a reality,” said Christian Vollmann, one of the founders of  C1. “With current technology, powering our vessels with green methanol will be much more expensive. We believe in C1’s ultra-efficient catalysis to bring down the price – and scale fast with their decentralized approach,” said Maria Strandesen, Head of Future Fuels Innovation at Maersk. Starting with quantum-chemical simulations, C1 has invented new ultra-efficient catalysis for green methanol to be produced from waste biomass or CO2 and H2, which will enable green methanol to become cost competitive, the company said.

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