Maersk Unveils World’s First Vessel Using Green Methanol 🚢

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Maersk Unveils World’s First Vessel Using Green Methanol

Shipping giant Maersk has unveiled its first container vessel powered by green methanol, marking a significant development for an industry known for its pollution. This container ship, ordered in 2021, features two engines: one using traditional fuels and the other running on green methanol, which is derived from biomass or renewable power-generated carbon and hydrogen. Compared to diesel-based ships, the new vessel emits 100 fewer tons of carbon dioxide per day. Maersk CEO Vincent Clerc called it a “symbolic day” for their energy transition and an industry trendsetter. Similar vessels have been ordered by companies like Evergreen, although Maersk has more ambitious carbon neutrality goals.

Shipping accounts for approximately 3% of global carbon emissions, making decarbonization crucial. However, achieving this goal in the sector has proven challenging due to its global nature and competitive market. Proposals to incentivize decarbonization such as a shipping tax have faced resistance from some nations. Maersk supports such a tax to level the playing field.

While Maersk plans to receive 25 more of these vessels in 2024 to meet its 2040 climate neutrality target, concerns linger about the supply of green methanol. The fuel remains scarce and costly to transport. Maersk has signed agreements with nine green methanol suppliers worldwide to encourage production. Securing a stable supply remains a key challenge.

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