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Maersk inks partnership with Chinese bioenergy firm Debo for green bio-methanol project

22 Aug 2022

Integrated container logistics company A.P. Moller – Maersk (Maersk) adds a seventh methanol partnership with Chinese bioenergy enterprise Debo on the quest to boost global production capacity.

The parties have signed a Letter of Intent covering Debo’s plans to develop a bio-methanol project for Maersk in China with a capacity of 200,000 tonnes per year to start commercial operation by fall 2024.

“Maersk has set an ambitious end-to-end net-zero goal for 2040 and the availability of green methanol at scale is critical to our fleet’s transition to sustainable energy,” Berit Hinnemann, Head of Green Fuels Sourcing, A.P. Moller – Maersk.

“Partnerships across ecosystems and geographies are essential for the scale-up needed in order to make meaningful progress on this agenda already in this decade. Therefore, we are delighted to welcome Debo on this journey.”

The feedstock for the green bio-methanol will be agricultural residues and Maersk intends to offtake the full volume produced.

“The use of green methanol as marine fuel to replace the existing fossil fuel is groundbreaking in the container shipping history and will strongly promote the development of green shipping,” said Zhang Shoujun Chairman and General Manager, Debo. 

“It is a great honour for Debo to work with A.P. Moller – Maersk to promote the commercialisation of the green methanol industrial chain. I firmly believe that through the cooperation, we are able to realise the commercial production and industrial conversion of green methanol and contribute to reducing greenhouse gas emissions.”

In March, Maersk announced six partnerships with CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel with the intent of sourcing at least 730,000 tonnes/year by end of 2025 – well beyond the green methanol needed for the first 12 green container vessels currently on order.

Related: Maersk secures methanol bunker fuel supply for newbuilds with strategic partnerships

 

Photo credit: A.P. Moller – Maersk
Published: 22 August, 2022

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