A.P. Moller Maersk has made new strategic partnerships to increase the global production capacity of green methanol aiming to source at least 730,000 tonnes per year by end of 2025.
The six companies, which will partner with the Danish shipping company, are CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel.
With this production capacity, by the end of 2025 at the latest, Maersk will reach well beyond the green methanol needed for the first 12 green container vessels currently on order, according to the company’s announcement.
“To transition towards decarbonisation, we need a significant and timely acceleration in the production of green fuels. Green methanol is the only market-ready and scalable available solution today for shipping. Production must be increased through collaboration across the ecosystem and around the world. That is why these partnerships mark an important milestone to get the transition to green energy underway,” commented Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands at A.P. Moller – Maersk.
The Copenhagen-based ocean carrier believes that once these bio- and e-methanol projects are fully developed, it will be able to source green methanol at scale across several regions worldwide.
Production Capacity Estimation Table
| Strategic Partners | Type of fuel | Production Capacity in 2024 (end of year) – tonnes/year | Production Capacity in 2025 (end of year) – tonnes/year | Production capacity added after 2025 – tonnes/year | Geography |
|---|---|---|---|---|---|
|
CIMC ENRIC
|
bio-methanol
|
50,000
|
200,000
|
China
|
|
|
European Energy
|
e-methanol
|
2-300,000
|
North & South America
|
||
|
GTB
|
bio-methanol
|
50,000
|
300,000
|
China
|
|
|
Orsted
|
e-methanol
|
300,000
|
North America
|
||
|
Proman
|
bio & e-methanol
|
100,000
|
North America
|
||
|
WasteFuel
|
bio-methano
|
30,000
|
South America
|
||
|
Total
|
130,000
|
6-700,000
|
500,000
|
