A.P. Moller-Maersk has announced a significant long-term agreement for bio-methanol sourcing with LONGi Green Energy Technology Co., Ltd., aimed at reducing greenhouse gas emissions from its expanding fleet of dual-fuel methanol container vessels.
Rabab Raafat Boulos, Chief Operating Officer of A.P. Moller-Maersk, highlighted the importance of bio- and e-methanol as key alternative fuels for the shipping industry in the coming decade. “This agreement with LONGi is a testament to our commitment to sustainability. The primary challenge for global shipping in achieving net-zero emissions remains the price disparity between fossil fuels and cleaner alternatives. We urge the International Maritime Organization’s member states to establish a global green fuel standard alongside an effective pricing mechanism to support this transition,” Boulos stated.
With the addition of volumes secured from LONGi, Maersk is progressing towards fulfilling the methanol requirements for its dual-fuel methanol fleet, which currently has seven operational vessels. The company’s collective methanol offtake agreements are projected to satisfy over 50% of its dual-fuel fleet’s demand by 2027.
This agreement is part of Maersk’s broader initiative to develop a global portfolio of alternative fuels, with various methanol projects already in advanced stages of development. Emma Mazhari, Head of Energy Markets at A.P. Moller-Maersk, noted that the company sees multiple pathways to achieving net-zero logistics. “This agreement showcases the growing momentum for methanol initiatives supported by innovative developers across various markets. China is leading the charge, but we are also witnessing promising developments in other regions, including the United States, where we are actively engaging with several potential projects,” Mazhari remarked.
The bio-methanol supplied under this agreement will be produced at a facility in Xu Chang, Central China, using residues such as straw and fruit tree cuttings. The bio-methanol is designed to meet Maersk’s sustainability criteria, which include achieving at least a 65% reduction in greenhouse gas emissions on a lifecycle basis compared to conventional fossil fuels.
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