A.P. Moller-Maersk signed a green methanol purchase agreement with Goldwind Green Energy Chemical, a wholly-owned subsidiary of Goldwind Technology, a leader in clean energy in China. The agreement is the first large-scale green methanol purchase agreement in the global shipping industry and will be valid until after 2030.
A.P. Moller – Maersk Chief Facilities Officer Rabab Raafat
Ms Boulos said: “This agreement is a milestone for Maersk, marking that we can significantly reduce greenhouse gas emissions by 2030, in line with the 1.5% reduction set by the Paris Agreement.
degrees Celsius trajectory, while ensuring the company can continue to provide low-carbon shipping services to customers. ”
The first 16,000TEU large-scale ocean-going methanol dual-power ship ordered by Maersk
A.P. Moller – Maersk aims to achieve net-zero greenhouse gas emissions from all operations by 2040. The signing of this agreement will significantly reduce risks in the initial stages of Maersk’s road to net zero and support the realization of 2030
Competitive green methanol market price in 2019. The record high output will meet more than half of Maersk’s current order for methanol-powered ship fuel needs.
Mr. Wu Gang, Chairman of Goldwind Technology, said: “Maersk is one of the leaders in creating a new era of green fuels at sea. We are very happy to work with Maersk to promote the transformation of green fuels in shipping. Based on this project cooperation, Goldwind Technology will Continuously explore innovative applications of new technologies, organically combine green power and green fuel production, continue to optimize the production process of green methanol, and work with all ecological enterprises participating in the green methanol industry to make green methanol the most important, most economically viable and clean solution in the future. One of the shipping fuels.”
The project is located in Xing’an League, Northeast China, about 1,000 kilometers away from Beijing. Methanol production in the agreement includes green biomass methanol and electricity-based methanol, and will all be produced using wind energy.
Goldwind Technology will complete the final investment decision for the project by the end of this year and begin providing green methanol to Maersk in 2026.
Raafat Boulos concluded:
“We are encouraged by the signing of this agreement, whose scale and price demonstrate that green methanol is currently the only viable low-emissions solution for the shipping industry and can have a significant impact this decade. It also demonstrates the many ambitious plans to Developers have great motivation and great efforts to promote cross-regional project operations. However, in order to meet the decarbonization of the global shipping industry, its green fuel market supply still has a long way to go.”
In the first quarter of 2024, the first 16,000 TEU large-scale ocean-going methanol dual-power ship ordered by A.P. Moller-Maersk will be put into operation. The company is working with global partners to prepare for 2024
Ships delivered between 2020 and 2025 are looking for green methanol fuel supply solutions.
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