A.P. Moller – Maersk has joined a Danish consortium as a founding member to to develop an industrial-scale production facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area.
The partnership with Copenhagen Airports, DSV Panalpina, DFDS, SAS and Ørsted aims to build one of the world’s largest electrolyser and sustainable fuel production facilities by 2030.
If realised as envisaged, the project will supply renewable methanol for A.P. Moller – Maersk vessels.
Renewable hydrogen for zero-emission busses tendered by Movia and heavy-duty trucks managed by DSV Panalpina, and renewable jet fuel (e-kerosene) for SAS airplanes and air transport out of Copenhagen Airports will also be produced.
According to Maersk, sustainable fuels to date come at a higher cost than fossil-based fuels.
To become competitive with fossil fuels, the production of sustainable fuels will need to be matured, built at industrial scale, and go through a cost-out journey.
For this to happen, governments and industry must come together to create a framework that incentivises private investments in large-scale sustainable fuel production.
“Decarbonising the transport sector is a significant and complex task that requires collaborative contributions from every company, organisation, and country,” said Søren Skou, CEO, A.P. Moller – Maersk.
“This project provides a first step in the massive transformation to produce and distribute sustainable energy. In Denmark, we have an opportunity now to accelerate the green transformation and take lead in powering the future with sustainable energy and I am pleased that we can contribute with concrete actions.
“We need many such projects both in Denmark and around the globe to achieve our ambition in Maersk of becoming carbon neutral by 2050.”
The project will be carried out in three stages:
The partnership will now move forward and engage in dialogue with the regulatory authorities on the framework and policies needed to support the development of using sustainable fuels at scale in the transport sector in Denmark, and to seek public co-funding to conduct a full feasibility study of the project.
If the feasibility study confirms the viability of the project vision, a final investment decision for the first stage of the project could likely be taken as soon as 2021.
Photo credit: A.P. Moller – Maersk
Published: 27 May, 2020
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.