In Denmark, to boost the global production capacity of green methanol, A.P. Moller – Maersk (Maersk) enters strategic partnerships with six leading companies with the intent of sourcing at least 730,000 metric tons/year by end of 2025. The six companies are CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel. With this production […]
In Denmark, bp and Maersk Tankers, with support from the Danish Maritime Authority, have successfully completed trials using biofuel-blended marine fuel in product tankers, demonstrating that sustainable biofuels can be used as a marine ‘drop-in fuel’ to help reduce carbon emissions in shipping. Global shipping accounts for around 3% of the global carbon emissions. bp […]
In Denmark, Maersk Growth, the corporate venture arm of A.P. Moller – Maersk, has invested in Vertoro – a Dutch start-up focused on developing liquid lignin technology which can be used as a marine fuel. Maersk’s investment will be used to further develop and commercialize Vertoro’s patented liquid lignin technology, and it will enable Vertoro […]
In Denmark, a Maersk tender completed a successful trial in partnership with The Ocean Cleanup, blending biofuel into the marine fuel to reduce CO2 emissions during her recent charter in the Pacific. In May 2021, Maersk Supply Service decided together with The Ocean Cleanup to run a trial program, in which they would blend biofuel […]
From Sweden comes news that one of the world’s leading tanker shipping companies, Stena Bulk, signed the Global Maritime Forum’s Call to Action for Shipping Decarbonization with milestones that include three carbon neutral-ready methanol powered MR tankers into Stena Bulk’s fleet, exploring low carbon fuels and the feasibility of using carbon capture to cut emissions […]
In Denmark, Maersk Growth has made a leading venture investment in Prometheus Fuels, a Silicon Valley-based startup with a promising direct air capture-technology to enable cost efficient, carbon neutral eFuels for shipping. The minority investment in Prometheus Fuels will support A.P. Moller – Maersk’s work to execute on the strategy to decarbonize marine operations. Maersk […]
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 […]
In Denmark, Bloomberg reports Maersk is trying to figure out a solution for replacing used cooking oil as feedstock for marine biofuel because it says the world’s supplies will be used up in a year or two if the growth rate continues due to the quick rise in demand for the very limited resource. Maersk’s […]
In Denmark, A.P. Moller – Maersk announced the signing of a fully carbon-neutral transport agreement on ocean services with BESTSELLER. The open-ended agreement on lifestyle logistics covers all of BESTSELLERs global transportation requirements and includes inland logistics and CFS handling (warehousing). BESTSELLER has an ambitious climate strategy with clear reduction targets in line with the […]
In South Korea, Business Korea reports that Maersk has signed a letter of intent with Hyundai Mipo Dockyard for three 3,500 TEU methanol fuel-powered container ships with an expected value of more than $44 million each. The Korean Ministry of Oceans and Fisheries recently aligned its regulations of methanol and ethanol powered vessels to be […]
