To boost the global production capacity of green methanol, Maersk enters strategic partnerships with six leading companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025.
This 10-year, €500 million green bond comes under the umbrella of Maersk´s Green Finance Framework and a final order book at €3.7bn. The transaction priced at coupon of 0.75%, lowest annual interest ever for Maersk.
Hitachi Zosen, MOL and YPT have proposed “Development of Methane Slip Reduction Technology from LNG Fueled Vessels by Improving Catalysts and Engines” with Hitachi Zosen as the managing company.
A.P. Moller – Maersk has identified its partners to produce green fuel for its first vessel to operate on carbon neutral methanol: REintegrate, a subsidiary of the Danish renewable energy company European Energy.
The Green Maritime Methanol consortium studies the possibilities for renewable Methanol as a maritime transport fuel. Green Methanol is an important candidate as a future fuel for the shipping industry.
A consortium of leading international maritime companies, have joined forces to further investigate the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector.