A.P. Moller – Maersk (Maersk) has entered a green methanol Letter of Intent with U.S. based SunGas Renewables, Inc., a spin-out of GTI Energy, and a leader in providing technology and equipment systems for large-scale production of renewable fuels, according to Maersk on Thursday (15 December).
This is Maersk’s 9th such partnership to drive the acceleration of global production capacity for green methanol.
The Letter of Intent covers the production of green methanol from multiple facilities to be developed by SunGas in the United States from which Maersk intends to offtake full volumes of green methanol. The first facility is expected to begin operations in 2026 and have an annual production capacity of approximately 390,000 tonnes.
“Securing green marine fuels at a global scale within this decade will require rapid scale up of green methanol production capacity using a variety of technology and feedstock pathways,” Emma Mazhari; Head of Green Sourcing and Portfolio Management, A.P. Moller – Maersk.
“We are very pleased to welcome SunGas Renewables as a strategic partner in our efforts to achieve our goal of net zero greenhouse gas emissions in 2040 across our entire business, and to ensure meaningful progress is made within this decade in line with the Paris Agreement.”
The SunGas facilities will utilise its flagship System 1000 platform to convert sustainably sourced residues from the forestry and wood products industries into green methanol.
“Our partnership with Maersk marks an important milestone for SunGas as we continue our mission to make a global impact in the energy transition. We applaud Maersk’s leadership in catalysing decarbonisation of the entire marine shipping industry and look forward to working together to accelerate growth of production capacity for green methanol marine fuels,” Robert Rigdon, CEO of SunGas.
SunGas joins eight other strategic partners working to supply the green bunker fuel needed for the 19 methanol enabled container vessels Maersk currently has on order. The other partners are Carbon Sink, CIMC ENRIC, Debo, European Energy, Green Technology Bank, Orsted, Proman, and Wastefuel.
Related: A.P. Moller – Maersk and Carbon Sink in partnership to accelerate green methanol production
Related: Maersk secures methanol bunker fuel supply for newbuilds with strategic partnerships
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Related: SIBCON 2022: Major shipping and energy players dive into green methanol, biomethane and biofuel bunker fuels
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Photo credit: A.P. Moller – Maersk
Published: 19 December, 2022
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